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what is cash discounting?
Cash Discounting is just what it sounds like - giving your customers a discount for paying in cash! But this is vastly different from surcharging, which is the act of charging more to take a credit card. There are pros and cons to both methods.
why cash discounting?
Tried and true, everyone knows cash discounting. Think gas stations - it's the oldest form of cash discount usage. Merchants have always been allowed to offer discounts for cash-based acceptance, and it's a well-tested and consumer friendly way to lower your processing fees.
what are the downsides?
Frankly, there aren't many. It's legal in all fifty states. It's allowed under all card-brand regulations. Consumers are used to the system, and don't typically provide pushback. It can have small accounting repercussions, and not all industries tolerate it. But for most businesses, it's a huge win.
Many more things
Just enough to get you going everyday
what is Cash discounting?
Cash Discounting is just what it sounds like - giving your customers a discount for paying in cash!
why Cash discounting?
Tried and true, everyone knows cash discounting. Think gas stations - it's the oldest form of cash discount usage.
what are the downsides?
There aren't many. It's legal in all fifty states. It's allowed under all card-brand regulations.sons that businesses choose not to surcharge
how does it work?
how do I integrate?
We offer numerous different solutions for you to accept cash-discount payments at the point of sale, that help you dual-price your inventory. From POS solutions that allow for custom integrations to basic terminal-based solutions, Ryft is here to find the best solution to meet your unique needs.
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