Zero Cost Processing • No Fee Processing
Cash Discount • Cost Free Processing
All names for an idea that is a paradigm change in the payment processing industry. Based on recent court rulings, Benchmark is legal and compliant in all 50 states to save your Home inspection business up to 100% to accept credit cards.
You may be asking yourself how is this possible?
In the last few years, the federal government ruled that merchants can recover payment processing fees by offering a cash discount. The Durbin Amendment, part of the Dodd-Frank Law opened the door to merchants to pass the processing fee to the customer. The secret is, that this is not a surcharge. Zero Cost Processing offers those who pay by cash, a discount.
So, how does this apply to my Home inspection business because I process my transactions through ISN, and I do not take cash payments?
If your customer does not want to pay the technology fee of 3.50 %, they have an option to pay via ACH with no fee. Paying by ACH (essentially cash) is what makes this legal in all 50 states. Below you will see how we customize the Inspection agreement e-mail template that you send to your customer through ISN.
Take a Look at our Frequently Asked Questions:
What is the average monthly savings that Home Inspectors are seeing?
If I use ISN, or another software, will I be able to utilize this program?
What will deposits look like when my sales are deposited and how can I reconcile?
What if I sign up and the program and decide it is not working for my business?
How long is the process to get set up with ZCP?
When will my credit card payments on the ZCP program be deposited to my bank account?
Are other home inspectors signing up for the program?
Are other Home Inspectors receiving pushback from their customers for having to pay a fee?
When will I get funded for ACH payments?
How do I know if an ACH/e-check does not clear?
What other features do you offer for ACH payments?
Jon & Bobbi
Business Owners
Switching to Benchmark has been the best decision we have made as a company! Again, I wanted to thank you Dave for always being there when we needed advice or help.
Jason D.
Business Owner
All I can say is wow! The money we saved from switching is amazing. Definitely a great addition to any organization.
Hank & Mary
Business Owners
We have reduced our processing fees from $1200 - $1600 a month to under $100 and no customers had anything negative to say about it.
How Do I Get Started?
1.
Have your Merchant Statement ready.
From there, we let you know exactly what your savings will be
2.
Return a filled out and signed application.
3.
After your application is approved, which takes a few days, we will integrate with your CRM.
Then, you start saving...
Big Time.
How Zero Cost Works with ISN.
1.
Screenshot of the inspection invoice and payment link sent via ISN. This can be customized to however you would like it to read. Notice that the customer is advised of the 3.5% Technology fee and a link to pay by ACH with no fee.
Note: purple lettering discloses the technology fee and ACH payment information.
This screenshot is of the payment page that the customer is directed to when they click “pay online”. The 3.5% Technology fee is automatically populated as shown on this page. In this case, the inspection was for $415.00. The total the customer will pay is $429.53 as can be seen on the top of the page highlighted in blue.
All the customer has to do is fill in the information and click “Process Payment”. Once the payment is completed ISN will be updated that the invoice is paid, and you will receive an e-mail that the invoice has been paid.
2.
This screenshot is of the payment page that the customer is directed to when they click “pay online”. The 3.5% Technology fee is automatically populated as shown on this page. In this case, the inspection was for $415.00. The total the customer will pay is $429.53 as can be seen on the top of the page highlighted in blue.
All the customer has to do is fill in the information and click “Process Payment”. Once the payment is completed ISN will be updated that the invoice is paid, and you will receive an e-mail that the invoice has been paid.
3.
This screenshot shows the ACH payment page. Your company logo will appear on top of the page.
Customer will fill this page out with their information, then submit the payment. Since ISN does not have an ACH integration, this page will not populate the payment amount. The customer will have to put the inspection amount in (which does not include a technology fee) and the invoice #.
Once the payment has been completed you will receive an e-mail that the customer has initiated an ACH payment.
****ACH Payments DO NOT automatically mark as paid within ISN. That will have to be done manually.****
NOTE: Most ACH payments are settled and deposited to your bank account within 3-7 business days. You will be notified of returned or bounced checks in 3-7 business days.
Our ACH processing has a few features to process ACH payments faster and with different levels of payment guarantees.
4.
This screen shot shows your customers CREDIT CARD PAYMENT RECEIPT. This receipt will include the 3.5% technology fee.
NOTE: The deposit in your bank account will be for the amount of the inspection and will not include the technology fee.
5.
This screen shot is a sample of what your payment confirmation will look like.
