Cash discounting allows business owners to legally recoup a majority of their payment processing fees, which can have a positive impact on their bottom line.
A cash discount is the practice of offering a discount to customers who pay with cash, debit card, or check. Gas stations and other specialty industries have been using this process for years. During the past decade, the practice has become more common and used by business owners in many industries.
While cash discounting offers a discount to customers who pay with cash, debit card, or checks, surcharging is the practice of adding an additional charge to the total sales transaction to cover the fees associated with credit card processing. Credit card surcharging is regulated by the card brands, while cash discounting is not.
Cash discounting does not have restrictions like surcharging, but there are best practices that merchants should consider following. The Cash Discount App automatically implements these best practices with minimal effort required by the business owner.
The app allows the business owner to offer a discount for cash, debit, or check payments without losing their profit margin for the discount given. Customers are paying the new regular price, thereby eliminating credit card processing fees for that transaction. Cumulatively, the more customers that pay with cash, the less your monthly credit card fees can be overall.
The Cash Discount App also comes with bundled features at no additional charge, such as:
The Cash Discount App available in the Clover App Market has received rave reviews and thank you letters from business owners nationwide because of the money the app has helped bring back into their pockets. It can be installed on all Clover devices except Clover Go.
For further information and onboarding sessions, email firstname.lastname@example.org, or call or text (305) 398-7571.TRY CASH DISCOUNT APP