You offset processing costs; guests save money. That's a win-win! Do I need to offer a Cash Discount Program? Of course you don’t have to offer a cash discount, but many merchants and their patrons are asking for solutions that help offset the financial impact due to economic conditions and an increase in prices/inflation. Cash discount (vs surcharge) is the preferred solution, because there are fewer regulations, and it is seen as a positive incentive to customers. What is Cash Discounting? Cash Discounting allows you to pass the cost of credit card processing to your guests while offering them a significant discount when they pay with cash. Why Cash Discounting? Cash Discounting not only helps you recoup processing fees but also encourages customers to choose cash payments, ultimately increasing your bottom line and saving them money. Surcharges are not in compliance with Visa/MasterCard/Amex rules. Card companies are starting to pay attention and are cracking down, with large fines. What does it look like? As promised, simple! Guest receipts and POS all print and display “dual pricing”. Regular price and cash price. If a guest chooses to pay in cash, the discounted cash price is automatically applied. |