The Cash Discount Program charges the cardholder a surcharge when using a credit card verses a traditional payment method (cash or check) This solution eliminates all fees that would normally be charged to merchant.
Merchant then only pays a flat monthly fee at the end of the month.
A cash discount program works by providing your customers with a cash and credit price. If the customer pays by cash, they receive a lower price. If they pay by credit card they pay the slightly higher price, which includes your cost of processing. You eliminate your business’ credit card processing fees and encourage your customers to use cash, while still providing them with the option to pay by credit.
The merchant enters $100 into the terminal. The terminal displays $1003.00 before the customer enters their card.
The transaction is completed $03.99, charging the customer the process fee.
The merchant closes the batch at night and sees $100 deposited into their account the next business day.
With unique payment preferences, your customers have a diverse set of payment needs. This is why we have stepped up to meet these needs through our comprehensive suite of POS systems and payment methods.
Providing a seamless payment experience with little to no friction can make the difference between a customer visiting your shop once or becoming a regular.