What is a Cash Discount Program?
A cash discount program works by providing your customers with a cash and credit price. If the customer pays by cash, they receive a lower price. If they pay by credit card they pay a slightly higher price, which includes your cost of processing. Customers that pay with cash essentially receive a discount because they will receive a lower cash price.
The end result? You eliminate your business’ credit card processing fees and encourage your customers to use cash, while still providing them with the option to pay by credit.