A cash discount occurs when a merchant decreases the price for cash purchases and offers merchants an alternative to credit card processing. Cash discount programs are not credit card surcharges because they do not levy a fee that is added to a credit card transaction. Both TSYS and First Data allow cash discounting. Merchants must clearly and conspicuously disclose the discount to consumers.
- Optional ability to markup all inventory pricing by 4%
- Can encourage customers to pay with cash (or debit, check) instead of credit to gain goodwill, but will not decrease revenue
- See a much lower month-end due balance with daily discount enabled
- Answer your merchants calls for cash discounting
- and so much more!
For more information, call us at 1(800)477-5363