In working with countless small business owners, there is a consistent fear about going to a cash discounting program. The fear is that by offering a cash discount program, they will anger and ultimately lose customers.
What is Cash Discounting?
Beyond the psychological advantage of using the jargon “Cash Discount vs. Surcharge”, the statistical data does not show any appreciable difference in sales loss due to cash discounting. In fact, our data shows that nearly 99% of customers simply disregard the convenience fee.
By sticking to these key points and choosing a reputable service provider, you should be well on your way to implementing a successful cash discount program.
Implementing a Successful Cash Discount Program
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 a discount for a cash offer on the vehicle, agreeing to sell the car with the cash price of $950. That is cash discounting. But if a business owner already has his/her pricing set, how can they offer cash discounting without losing money. Well the answer is simple. By prominently displaying signage that states “The prices listed represent the cash or cash discounted price”, the business than can simply adjust the price at the till for credit and debit transactions. Now, as with many things in life, a simple solution is made a lot more difficult because of government interference. Many owners take the path of least resistance and add a percentage to each transaction for credit and debit transactions. And although fundamentally similar, this type of surcharging is not legal in most states. The critical difference to ensure compliance is the signage you use and the verbiage your staff employs. A Note on Surcharging To charge more for using credit cards is called a surcharge. Surcharging is not allowed in ten of the biggest states, including Texas, California, New York, Florida, and Colorado. Even when it is allowed, you may not surcharge check cards or pin debit cards. Since those comprise probably 60% of the volume, the ordeal becomes very confusing. So they simplest and safest solution to the problem is cash discounting. When you offer the customer a cash discount by informing them that the price they see in the store is the cash price, you have satisfied Visa and the politicians. In retail stores a sample sign would read something like this, “The posted prices represent the cash price for purchase. There is an additional cost for credit card purchases.” Specific language may vary by state and a reputable cash discount processor will help you with the correct signage for your state. Regardless of language, posting signage and executing the cash discount pricing is currently legal in all 50 states. There is tremendous freedom for a business owner to implement cash discounting. When that is coupled with the prospect of eliminating up to 90% of your credit card fees, cash discounting could be a great strategy to put more cash in your till.- DTI Cash Discount Minnesota
- Cash Acceptance Anoka MN
- Signapay Apple Valley MN
- A1 Merchant Solutions | The “Near-Zero” Credit Card Processing … Arden Hills MN
- Cash Discount Program Advantages – Best Of Category Reviews Barnesville MN
- Merchant Services Scam Baxter MN
- Zero Payment Bayport MN
- Zero Fees Becker MN
- Merchant Cash Discount Program Belle Plaine MN
- Cash Discount Jet Pay Big Lake MN
- Account Discount Merchant Blaine MN
- Cash Discount Program – Advocharge Blooming Prairie MN
- Signapay Bloomington MN
- Merchant Account Scams Braham MN
- What Is Paylo Brooklyn Center MN
- Paylo Login Brooklyn Park MN
- Account Discount Merchant Buffalo MN
- Discount Credit Card Terminal Burnsville MN
- Processing Discount Byron MN
- Zero Payment Caledonia MN
- Zero Credit Card Processing Cambridge MN
- Zero Fee Processing Canby MN
- Paylo Card Cannon Falls MN
- Cash Discount Credit Card Processing Carver MN
- Processing Discount Centerville MN
- XeroPoint. Cash Discount Program Champlin MN
- Cash Discount Program Advantages – Best Of Category Reviews Chanhassen MN
- Discount Merchant Com Google Reviews Chaska MN
- What Is Paylo Chatfield MN
- Www Paylo Chisago City MN
- DTI Cash Discount Chisholm MN
- No Charge.Com Circle Pines MN
- Merchant Account Scams Clearwater MN
- Paylo Cloquet MN
- Www Paylo Cohasset MN
- Merchant Cash Discount Program Cokato MN
- Paylo Card Cold Spring MN
- Cash Discount Programs Coleraine MN
- What Is Cash Discount Cologne MN
- Discount Credit Card Processing Columbia Heights MN
- Surcharge Vs. Cash Discount Program – What’S The Difference Columbus MN
- Cash Discount Program – Advocharge Coon Rapids MN
- Zero Fees Corcoran MN
- Processing Discount Cottage Grove MN
- Zero Fees Crookston MN
- Discount Merchant Services Crosby MN
- Eliminate Processing Fees Crosslake MN
- Merchant Account Scams Crystal MN
- Cash Discount Programs Dassel MN
- Cash Discount Program Dawson MN
- Cash Discount Credit Card Dayton MN
- Cash Discount Credit Card Deephaven MN
- Merchant Account Scams Delano MN
- No Charge.Com Detroit Lakes MN
- Discount Credit Card Processing Dilworth MN
- No Charge.Com Dodge Center MN
- Surcharge Vs. Cash Discount Program – What’S The Difference Duluth MN
- Zero Fee Solutions Dundas MN
- Signapay Eagan MN
- Cash Discount Credit Card Processing Eagle Lake MN
- A1 Merchant Solutions | The “Near-Zero” Credit Card Processing … East Bethel MN
- Paylo Signapay East Grand Forks MN
- Reverse Processing Fees Eden Prairie MN
- Signapay Edina MN
- Discount Credit Card Terminal Elk River MN
- Paylo Login Elko New Market MN
- Cash Discount Program Credit Card Processing Ely MN
- Account Discount Merchant Eveleth MN
- Zero Cost Credit Card Processing Excelsior MN
- Cash Discount Jet Pay Eyota MN
- Saltsha Prime Fairmont MN
- A1 Charge Merchant Services Falcon Heights MN
- Signapay Faribault MN
- Credit Card Cash Discount Program Farmington MN
- Automated Fergus Falls MN
- Discount Credit Card Machines Foley MN
- Cash Discount Program Credit Card Processing Forest Lake MN
- Zero Fees Fosston MN
- Discount Payment Processing Frazee MN
- Cash Discount Fridley MN
- Cash Acceptance Gaylord MN
- Cash Discount Merchant Account Gilbert MN
- Merchant Cash Discount Program Glencoe MN
- Emerald Cash Discount Program Glenwood MN
- Cash Discount Program – Advocharge Glyndon MN
- Paylo Signapay Golden Valley MN
- Paylo Goodview MN
- Discount Merchant Grand Rapids MN
- Cash Acceptance Granite Falls MN
- Cash Acceptance Grant MN
- No Fee Credit Card Processing Greenfield MN
- Discount Credit Card Machines Ham Lake MN
- Processing Discount Hanover MN
- Credit Card Processer Hastings MN
- A1 Merchant Solutions | The “Near-Zero” Credit Card Processing … Hawley MN
- Zero Credit Card Processing Hermantown MN
- Signapay Hibbing MN
- Cash Discount Merchant Account Hinckley MN
- Reverse Processing Fees Hopkins MN
- A1 Charge Merchant Services Howard Lake MN
- No Fee Credit Card Processing Hoyt Lakes MN
- Credit Card Cash Discount Legal Hugo MN
- Cash Acceptance Hutchinson MN
- Discount Merchants Independence MN
- Paylo Login International Falls MN
- Cash Discount Credit Card Inver Grove Heights MN
- Signapay Isanti MN
- Cash Discount Merchant Account Jackson MN
- Zero Fees Janesville MN
- Emerald Cash Discount Program Jordan MN
- New Benefits Cash Discount Program Kasson MN
- Zero Payment Kenyon MN
- Iso Cash Discount Program La Crescent MN
- Emerald Cash Discount Program Lake City MN
- Iso Cash Discount Program Lake Crystal MN
- Discount Credit Card Terminal Lake Elmo MN
- Paylo Lakefield MN
- Cash Discount Program – Credit Card Processing Lakeland MN
- Discount Credit Card Terminal Lakeville MN
- Discount Credit Card Machines Lauderdale MN
- Pay Lo Le Center MN
- What Is Paylo Le Sueur MN
- Pay Lo Lester Prairie MN
- Cash Discount Credit Card Lewiston MN
- Merchant Services Scam Lexington MN
- Discount Credit Card Processing Lindstrom MN
- Cash Discount Program Advantages – Best Of Category Reviews Lino Lakes MN
- Best Rate Merchant Processing Litchfield MN
- Cash Discount Signage Little Canada MN
- Eliminate Processing Fees Little Falls MN
- Discount Merchants Long Lake MN
- Cash Discount Programs Long Prairie MN
- Cash Discount Programs Lonsdale MN
- Discount Credit Card Processing Luverne MN
- Discount Credit Card Processing Madelia MN
- Paylo Login Madison MN
- Zero Fee Processing Mahtomedi MN
- Jetpay Cash Discount Mankato MN
- Signapay Maple Grove MN
- Credit Card Processer Maple Lake MN
- No Fee Credit Card Processing Maple Plain MN
- Account Discount Merchant Mapleton MN
- Zero Fees Maplewood MN
- Processing Discount Marshall MN
- Zero Fee Processing Mayer MN
- Merchant Account Scams Medina MN
- Account Discount Merchant Melrose MN
- Discount Merchant Reviews Mendota Heights MN
- Eliminate Processing Fees Milaca MN
- No Charge.Com Minneapolis MN
- Discount Merchant Reviews Minnetonka MN
- New Benefits Cash Discount Program Minnetrista MN
- XeroPoint. Cash Discount Program Montevideo MN
- Cash Discount Program Montgomery MN
- Merchant Cash Discount Program Monticello MN
- No Fee Merchant Account Montrose MN
- Merchant Cash Discount Program Moorhead MN
- Pc Based Credit Card Processing Moose Lake MN
- Cash Discount Merchant Account Mora MN
- XeroPoint. Cash Discount Program Morris MN
- Cash Discount Card Processing Mound MN
- Zero Fee Processing Mounds View MN
- Merchant Account Scams Mountain Iron MN
- Signapay Mountain Lake MN
- Paylo Signapay New Brighton MN
- New Benefits Cash Discount Program New Hope MN
- No Fee Credit Card Processing New London MN
- Discount For Cash New Prague MN
- Discount Payment Processing New Ulm MN
- Account Discount Merchant Newport MN
- Discount Credit Card Processing Nisswa MN
- Merchant Services Scam North Branch MN
- Discount Credit Card Machines North Mankato MN
- Pc Based Credit Card Processing North Oaks MN
- Discount Credit Card Terminal North St. Paul MN
- Cash Discount Credit Card Processing Northfield MN
- Discount For Cash Norwood Young America MN
- Cash Discount Jet Pay Nowthen MN
- Zero Fee Solutions Oak Grove MN
- Processing Discount Oak Park Heights MN
- Discount Credit Card Processing Oakdale MN
- Discount Merchant Processing Olivia MN
- A1 Merchant Solutions | The “Near-Zero” Credit Card Processing … Orono MN
- Account Discount Merchant Oronoco MN
- Emerald Cash Discount Program Osakis MN
- Payment Processing Cash Discount Program Osseo MN
- Discount For Cash Otsego MN
- Cash Discount FAQs – SignaPay Owatonna MN
- DTI Cash Discount Park Rapids MN
- Discount Credit Card Machines Paynesville MN
- Paylo Pelican Rapids MN
- Cash Discount Signage Pequot Lakes MN
- Www Paylo Perham MN
- Zero Cost Credit Card Processing Pine City MN
- Discount Merchant Reviews Pine Island MN
- Cash Discount Program – Credit Card Processing Pipestone MN
- Cash Discount Jet Pay Plainview MN
- Credit Card Cash Discount Legal Plymouth MN
- Cash Discount Program Princeton MN
- Discount Credit Card Machines Prior Lake MN
- Surcharge Vs. Cash Discount Program – What’S The Difference Proctor MN
- Eliminate Processing Fees Ramsey MN
- Zero Cost Credit Card Processing Red Wing MN
- What Is Cash Discount Redwood Falls MN
- Zero Credit Card Processing Rice Lake MN
- Zero Fees Richfield MN
- Discount Merchants Richmond MN
- Discount Payment Processing Robbinsdale MN
- No Fee Credit Card Processing Rochester MN
- Automated Rock Creek MN
- No Fee Credit Card Processing Rockford MN
- Discount Merchant Reviews Rockville MN
- Zero Credit Card Processing Rogers MN
- Credit Card Cash Discount Program Rosemount MN
- Zero Fee Processing Roseville MN
- New Benefits Cash Discount Program Rush City MN
- A1 Charge Merchant Services Rushford MN
- Processing Discount Saint Paul MN
- Merchant Account Scams Sandstone MN
- Surcharge Vs. Cash Discount Program – What’S The Difference Sartell MN
- Credit Card Cash Discount Program Sauk Centre MN
- Discount Credit Card Processing Sauk Rapids MN
- Reverse Processing Fees Savage MN
- Discount Credit Card Processing Scandia MN
- Discount Credit Card Processing Shakopee MN
- No Fee Merchant Account Shoreview MN
- Discount Credit Card Processing Shorewood MN
- Cash Discount Program Silver Bay MN
- Cash Discount Program Credit Card Processing Sleepy Eye MN
- Paylo South St. Paul MN
- Pc Based Credit Card Processing Spring Lake Park MN
- Zero Credit Card Processing Spring Park MN
- Saltsha Prime Spring Valley MN
- Merchant Account Scams Springfield MN
- Zero Payment St. Anthony MN
- Discount Credit Card Terminal St. Augusta MN
- New Benefits Cash Discount Program St. Bonifacius MN
- Cash Discount St. Charles MN
- Cash Discount Programs St. Cloud MN
- A1 Merchant Solutions | The “Near-Zero” Credit Card Processing … St. Francis MN
- Surcharge Vs. Cash Discount Program – What’S The Difference St. Joseph MN
- Discount Merchant Com Google Reviews St. Louis Park MN
- What Is Cash Discount St. Michael MN
- Paylo Card St. Paul Park MN
- Zero Credit Card Processing Stacy MN
- Merchant Account Scams Staples MN
- Merchant Services Scam Stewartville MN
- Zero Fee Solutions Stillwater MN
- Cash Discount Jet Pay Thief River Falls MN
- Discount Merchant Reviews Tonka Bay MN
- Cash Discount Signage Tracy MN
- Discount Credit Card Processing Two Harbors MN
- Iso Cash Discount Program Vadnais Heights MN
- Discount Merchant Victoria MN
- Cash Discount Programs Virginia MN
- No Fee Merchant Account Wabasha MN
- Discount Merchant Reviews Waconia MN
- Paylo Wadena MN
- Cash Discount Waite Park MN
- Processing Discount Warren MN
- Discount Payment Processing Warroad MN
- Payment Processing Cash Discount Program Waseca MN
- Discount Merchant Services Watertown MN
- DTI Cash Discount Waterville MN
- Zero Fees Waverly MN
- Cash Discount Merchant Account Wayzata MN
- Credit Card Processer Wells MN
- Discount Credit Card Processing West St. Paul MN
- Merchant Cash Discount Program White Bear Lake MN
- Discount Credit Card Terminal Willmar MN
- No Charge.Com Windom MN
- Credit Card Cash Discount Program Winona MN
- Credit Card Cash Discount Legal Winsted MN
- Cash Discount Program – Credit Card Processing Woodbury MN
- Cash Discount Merchant Account Wyoming MN
- Cash Discount Zimmerman MN
- Best Rate Merchant Processing Zumbrota MN
- Iso Cash Discount Program MN
- Zero Credit Card Processing