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St. Louis card processor deploys cash discount program

May 7, 2018

St. Louis Merchant Services, an independent credit card processing company serving small to mid-size businesses, has partnered with SignaPay Ltd. to offer that company's PayLo Cash Discount Program.

Patented PayLo technology allows merchants to offset their credit card processing costs by applying a small customer service charge to each credit card transaction. The service is legal in all 50 states, according to a press release.

PayLo Cash Discount software installed on the payment terminal encourages customers to pay with cash. The service can save up to 90 percent of credit card processing fees, the release said. 

"We're excited to bring PayLo to the St. Louis Metropolitan Area and give merchants an option to reduce their processing fees," Ed Abilez, co-owner of St. Louis Merchant Services, said in the release.

PayLo is available for all credit card types and major mobile wallets, and is compatible with wireless terminals as well as POS systems, according to SignaPay. The company said its solution is quick to install, and there's no equipment to lease or long-term contract.

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