Cash Discount
Not sure which program is best for you? Here’s a quick overview of the top three ways you can keep more of your profits.
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True Cash Discounting – A true cash discount is when a business offers a discount to customers who pay by cash, check or store-branded gift card, instead of with a credit or debit card.
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Non-Cash Adjustment – Implementing a non-cash adjustment is another way business owners can offer a discount off of their listed, stated and advertised prices. Customers who pay with credit and debit cards do not receive the discount and will notice a non-cash adjustment on their receipt.
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Surcharging – Surcharging is when a business owner applies a fee to a customer who pays by credit, not debit. It’s important to note that surcharging is prohibited in six states (Colorado, Connecticut, Kansas, Maine, Massachusetts and Oklahoma) and requires business owners to follow a few additional steps so they are in compliance with the card brands.
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These are just a few of the ways you can easily help your business save money but these aren't it. Don't think these options are right for you? Talk to someone today to which option will be the best for your business.
