How Does The Cash Discount Program Work?
admin2021-12-27T19:00:33+00:00This cash discount processing program is a way for any merchant to dramatically reduce, or even completely eliminate their credit card processing fees. It works by having the merchant add a service fee that applies to all products and transactions. But, as an incentive to pay with cash, the merchant then gives a discount to customers making cash payments. The customers that choose to utilize their credit card for the transaction will see the service fee line added to their receipt. Conversely, customers who pay with cash will see a cash discount line item added to their receipt. Merchants that are using a cash discounting program, are required to post signs informing customers about the fee applied to all items, and also update their terminal application to add the appropriate fee to transactions.