Cash Discount Program
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.
The merchant receives a deposit of the gross sale amount minus the surcharge (and assessments if applicable).
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.