Cash4Debit provides C-Stores, Money Service Businesses & Othe with another convenience for its customers alternatives to ATM Cash Withdraw by providing an over the counter service directly to Consumers who have netSpend, CashPass, Payroll Cards, Social Security Cards, Tax Refund Cards and Most PIN based Debit Cards.
Help Customers Unload Their Debit Cards!
Customers can withdraw their tax refund or other funds from their debit card for a small fee. They can use that money to pay bills, wire money, or buy items in your store. Watch the C4D Video Below For More Information
Traditional PIN based debit transactions result in retailers paying card issuers processing fees for the convenience of accepting their payment cards. Typically, there is a fixed fee component based on industry segment (Grocery, fast food, retail, etc) as well as variable fee component, based on average ticket value and calculated as percentage based “merchant discount”. In total, fees for each transaction can be expensive.
Cash4Debit transactions however use a different business model. The fee structure is predicated on a single fixed transaction fee. Similar to ATM withdrawal, these transactions allow for convenience or surcharge fees to be paid by the consumer for using their card.
Most of our merchants are charging a $3.00 transaction fee for amounts up to $100, then charging $5 for amounts between $101 and $250, $10 for amounts between $251 and $500, $15 for amounts between $501 and $800. The maximum amount a customer can withdraw off a pin-based card currently is $800 using Cash4Debit.
Step 1: Customer's card is swiped by the teller at the counter.
Step 2: Store teller enters the withdrawal amount requested by the customer
Step 3: Store teller will ask the customer to enter their 4-digit PIN number on the encrypted PIN pad.
Step 4: A correct PIN number and the sufficient fund’s available in the account will approve the transaction.
Step 5: At the moment, P.O.B.’s bank has already deducted the fund’s from the customer's account (including the transaction fee and the convenience fee/store fee) agreed to by customer.
Step 6: The store teller will give the customer the dollar amount according to the printed receipt.
Step 7: The funds according to the printed receipt will be deposited to the merchant's bank account with 24-48 hours along with the "convenience fee or store fee" you charge added.
Step 8: All accumulated $1.50 "transaction fees" (not convenience or store fees) that are charged get credited to the merchant on the 15th of the following month.
Cash4Debit utilizes either a PC with Pinpad or a Standalone Terminal/Pinpad in order to facilitate transactions. Based upon your final set up (No Glass or Behind Glass/PC or Terminal), we can assist you in subscribing and purchasing the right equipment to fit your store set up!
Non- PC- The Ingenico Desk 3500 is required for all non-PC based transactions. If your transaction will be completed with no glass between the clerk and customer, the 3500 can be used exclusively to complete the transaction. If there is glass or an enclosure between the customer and clerk, the merchant must purchase the IPP35 pinpad which will remain on the outside of the glass/enclosure.
PC- If you will be using your Computer and Cash4Debit API as your terminal, you must purchase the Ingenico Link 2500 that can be easily slid underneath the glass/enclosure cut out for customer pin entry.
Below, Please Review the above described options and Purchase the Proper Combination directly from Cash4Debit that will come programmed/encrypted.
Standalone Terminal & Pinpad for Cash4debit Transactions that can be used both as a standalone (acts as pinpad) in a customer facing (no-glass/barrier) situation, or behind glass transactions with required IPP315 pinpad out front.
The Desk/3500 offers a seamless payment experience. The Desk/3500 boosts NFC payment by offering customers a seamless experience through a conveniently located card-reader zone and faster transaction flows. It leverages the Telium application portfolio and complies with future security standards.
Manufacturer Part #: PCD30010305
Designed to be used in conjunction with the Desk 3500 when there is glass between the merchant and the customer.
Secure payment acceptance at checkout. Accepts EMV, magstripe and NFC/contactless payments quickly and easily. Connects with Ingenico's Desk Series terminals with a single USB cable.
Back-lit keypad and vivid color display, making PIN entry and payment operations visible and intuitive. Large keys and an audible buzzer. Facilitates NFC/contactless payments.
Manufacturer Part #: iPP315-31P3686
Wireless Pinpad designed to be used with your PC & Cash4Debit API off your computer terminal
With the Link 2500, Ingenico brings payment acceptance to any mobile solution.
Manufacturer Part #: PMF30910412A