As a result of a court approved settlement with merchants, Card issuers agreed to modify their rules to permit U.S. merchants to discount goods and services for customers paying in cash.

As a merchant, you will now be able to accept credit cards and not have to pay a multitude of fees that you never understand.  Each day you will get fully funded for 100% of your sales.  Then at the end of the month you will see your monthly fee(s) for being part of the Cash Discount Program.

Once you’re signed up as a cash discount merchant you will receive a POS terminal with a Welcome Kit that will include signage explaining the program and the customer fee for using a credit card.  The customer will know they can opt out of paying the fee by paying in cash.  Your posted prices are your cash prices.

A merchant must prominently display a clear disclosure of the Merchant’s Cash Discount Policy at the point of sale.  The disclosure must include a statement that products and services have been discounted when paying with cash.  If paying by credit or debit card a service fee will be displayed on the receipt.

No problem!  If you feel the cash discount program does not work for your business we can easily switch you back to traditional credit card processing.  We will even beat the rates you were paying with your old card processor!

The Dodd-Frank law prohibits a payment card network such as Visa “from inhibiting the ability of anyone to provide a discount for payment by cash, checks, debit cards, or credit cards.”

If you let your customer know that the Cash Discount program is a way for you to keep providing your goods and services without increasing your prices every time credit card fees go up, most consumers will understand the need for the program.

Yes, the program will work the same for Credit Card, Signature Debit Card, and PIN Debit Card  transactions.