What is Cash Discounting? Business owners everywhere are asking, “What is Cash Discounting?” Simply put, cash discounting is the decision by a business owner to give a customer a discount for using cash as a form of payment. As an example, imagine a car dealership selling a car for $1,000. The owner decides to give Read more about What is Cash Discounting[…]
The difference between a cash discount and surcharge Much like everything in life, credit card processing fees continue to rise. With tight budgets and stiff competition, businesses are ever vigilant in looking for strategies to lower the fees. The need to accept credit cards comes with the heavy burden of various brand fees, aka the Read more about What is the difference between a Cash Discount and Surcharge[…]
Implementing a Successful Cash Discount Program In order to implement a successful cash discount program, the merchant educate their employees and customers on many of the confusing aspects of the cash discount program. The card brands require the merchant to provide at least one point of program notification prior to the sale that states that Read more about Implementing a Successful Cash Discount Program[…]
