Cash Discount Reduce Merchant Cost
You may have heard of Cash Discount Programs that help merchants save money on there merchant processing cost by passing a small cost directly to the card holder on every transaction. In many areas this is a highly sought after feature and is helping merchants save money each month on fees they are charged for taking credit cards. To help merchants better understand what option is best for them Aldelo has created a comparison.
What is a Cash Discount?
A cash discount is just what it sounds like; you offer a discount to customers who pay with cash or check. The idea here is that at the time of sale, when a customer pays with cash, they receive a discount off the regular sales price. When a customer pays via a payment type other than cash at the time of sale, they do not receive any discount for the transaction. So if you live in a state where surcharging is illegal, offering a cash discount might be an alternative. Cash Discounts are permitted in every state currently. But do take a moment to plan these charges into your Item prices as you will be applying a discount to each item automatically when cash or debit is used and will be applied on top of any other discounts given at the time of purchase.
(Note: in order to use Cash Discount, the merchant will need to increase prices accordingly.)
A cash discount is just what it sounds like; you offer a discount to customers who pay with cash or check. The idea here is that at the time of sale, when a customer pays with cash, they receive a discount off the regular sales price. When a customer pays via a payment type other than cash at the time of sale, they do not receive any discount for the transaction. So if you live in a state where surcharging is illegal, offering a cash discount might be an alternative. Cash Discounts are permitted in every state currently. But do take a moment to plan these charges into your Item prices as you will be applying a discount to each item automatically when cash or debit is used and will be applied on top of any other discounts given at the time of purchase.
(Note: in order to use Cash Discount, the merchant will need to increase prices accordingly.)
Cash Discounts with Aldelo Express
Cash Discount
If you would like to use a Cash Discount program with Aldelo Express
There is no need to notify card brands
There is no notice period needed
Merchants will want to review their Item prices before implementing this program as the discount will be applied to all debit and cash sales
You will need to post signs at entrances and registers alerting customer to the discount program
You may need to brace yourself as you start to enjoy the cost of merchant processing being shifted to the card holders and off of the merchants shoulders
There is no need to notify card brands
There is no notice period needed
Merchants will want to review their Item prices before implementing this program as the discount will be applied to all debit and cash sales
You will need to post signs at entrances and registers alerting customer to the discount program
You may need to brace yourself as you start to enjoy the cost of merchant processing being shifted to the card holders and off of the merchants shoulders
