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08-02-2021, 04:08 PM #1
- Join Date
- Jul 2021
- Posts
- 1
Cash discount
Why are merchants so hesitant on cash discounting programs?
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08-02-2021, 10:39 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,993
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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08-13-2021, 04:19 PM #3
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
Is Cash Discounting the future?
Back in the day you couldn't add a surcharge to the customer if they used plastic. Guess that changed?" The world has always gone forward when people have dared to have crazy ideas . . . "
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08-24-2021, 11:12 AM #4
- Join Date
- Jun 2017
- Posts
- 2,049
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08-24-2021, 04:28 PM #5
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,993
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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08-24-2021, 11:46 AM #6
- Join Date
- Feb 2017
- Posts
- 3,463
There is a way to do it compliant, it's just a lot more work. You may add it on at the product level, but not on the "credit card surcharge" level. The price of the product needs to change based on what method is used for checking out at the POS.
https://www.valuepenguin.com/credit-...nvenience-fees
There are horror stories out there on the internet of state taxes being imposed on surcharges for not charging sales tax on the surcharge. If done on the product level, it'd taken care of automatically.
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