Reduce costs with MX™ Advantage’s Solutions. Business owners are continually looking for ways to reduce costs associated with processing payments. Finding ways to accomplish this and retaining customer loyalty can be challenging. A fully compliant suite of solutions, MX™ Advantage provides just the right solution for every business. From surcharging to cash discounting, MX™ Advantage is designed with all businesses in mind and can help reduce costs. Come see how to reduce costs with MX™ Advantage’s Fee Based Solutions.
What does MX™ Advantage offer?
MX™ Advantage, Priority’s proprietary application within the MX™ Merchant platform, is a business suite of solutions providing a one-stop-shop for fee-based processing. The suite offers: cash discount, convenience fees, non-cash adjustment, service fees, and surcharging.
Let’s step through each solution.
MX™ Advantage Solutions Defined
Due to card brand rules, identifying which solution is the right based on merchant processing environment and the merchant’s business type is important. Understanding the card brand rules are important. There are more regulations to consider, such as identifying fee maximums, processing environment restrictions, and required signage before beginning. Check out the Core Rules here to learn more.
The Cash Discount solution applies a discount when cash or debit is used for payment. Here’s a one pager to learn more.
A Convenience Fee is a fee added to a customer’s bill when a credit or debit card is used for payment. This fee solution is specifically for merchants offering an alternative, convenient payment solution. Check out this one pager to learn more.
Non-cash Adjustment provides merchants with the ability to offset the cost of processing fees for credit and debit acceptance by applying a fee to all sales and applying a discount to the total sale amount for cash paying customers. This one pager provides more information.
Service Fee helps merchants offset the cost of providing a service, such as government and educational services. Merchants may apply a service fee when a credit or debit card is used for payment so long as they are classified with an MCC for a government/education businesses. Here’s a one pager to learn more.
Surcharging is a fee applied when a credit card is used for payment. Check out this one pager to learn more.
Now that it’s clear to see how easy it is to reduct costs with MX™ Advantage solutions, let’s look at how to add value.
Reduce costs and add value with integrated MX™ products
And to add value and create customer loyalty, the MX™ Advantage suite of solutions integrates seamlessly with these MX™ products:
• MX™ Quick Pay Virtual Terminal • MX™ Invoice* • MX™ Payment Links • MX™ QuickBooks Sync
*Excludes convenience fee
Countertop Solutions
Need a countertop device with a fee based solution? The following Dejavoo devices are integrated with MX™ Advantage Suite*!
• Z3 PIN Pad/Terminal • Z6 PIN Pad/Terminal • Z8 – Countertop Ethernet & WiFi • Z9 – 3G/4G & WiFi • Z9 – WiFi Only • Z11 – Countertop
*Excludes cash discount
Ready to Learn More?
To learn more about MX™ Advantage and fee-based processing, check out our MX Merchant™ Support Hub. And don’t forget! For more detailed information and a product overview of the solutions, check out these resources below:
MX™ Advantage Product Overview MX™ Advantage Activation Guide MX™ Advantage FAQs
