Merchant Cash Discount Twin Cities

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 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.

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 Cash Discounting Program SwyftPAY Minnesota – Permanently lower your processing fees using cash discounting.  Your customers will enjoy the benefit of the optional lower cash price and you will enjoy the benefit of more cash in your till at the end of the month.  With many different Cash Discount Programs now available in the marketplace, it is important to know what programs are legal and effective.  Cash Discounting from SwyftPAY is a Visa Approved, patented technology that is fully compliant with all state laws.  To get the right information to make the best decision for your business, call us today 888-256-8917.

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