Cash Discount?
Yup. We do that.
If you want to offer a merchant a “Cash Discount” card processing solution, Simpay will help you do that.
More importantly,
Simpay will help you do it LEGALLY.
Banks, associations, and state governments all have their rules when it comes to Cash Discounting from a credit card use price. And you need to be in compliance with ALL of them. Or risk fines, or worse.
When you partner with Simpay, we’ll steer you to –
- The correct, required signage and wording the merchant must post in his store.
-
How to word the “alert” that must appear on the customer’s receipt.
(Too many stores violate this requirement as well as the signage wording!) - The proper way to price merchandise and apply the cash discount so you meet Association rules.
- Whether it’d be better for your merchant to use credit surcharging.
- The potential sales drop your merchant may face by giving a discount for cash.
Offering Cash Discounting to allow customers to avoid credit card processing fees can work very well, for both you and your merchant. But be sure you’re doing it right.