Credit Card Surcharge Vs Cash Discount Processing
December 21, 2022 ⚊ 1 Min read ⚊ Views 116 ⚊ BLOG
Surcharge vs Cash Discount Program – The Simple Difference
Many small businesses are looking for solutions to keep accepting cards but avoid the monthly interchange fees. An answer to this dilemma was solved in recently formulated cash discount programs, which were federally authorized in all 50 states in 2011. However, there has been some confusion as to what a cash discount program is and how it varies from a surcharge. Let’s discuss what the main differences are between the surcharge vs cash discount program, how to implement a legal and successful cash discount program, and what merchants should consider when evaluating cash discount providers.
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