What is a traditional cash discount program?
A cash discount program discounts your merchandise or services for your customers who pay in cash. All stated prices are based on credit prices. Customers who pay using a credit card won’t qualify for this discount. The extra price they are paying will be listed on their receipt as a service fee to help cover your monthly credit card processing fees. Because this extra fee is only a very small percentage added to their bill, it won’t affect an individual customer’s total very much.