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08/08/2023 9:43 pm
• Cash discounts are legal in ALL states because of the Durbin Amendment that passed with the Dodd-Frank financial reform legislation
• Does your business prefer cash over credit card payments?
• Cash discounting is not effective in a card-not-present or online environment
• Are credit card processing fees already accounted for in the cost of your goods or services?
• What is your average ticket?
• Customers may not carry sufficient amounts of cash for large purchases
• Businesses must inform customers of the cash discount before checkout
• The cash discount can be different for different goods or services in your inventory
• What are your customers saying and competitors doing?
