How Cash Discount Works
Learn how to eliminate processing fees
Integrate Cash Discount, post signage, run your business.
The Right Processor
It starts with a processor who offers a qualified cash discount program. This might be your current processor, or you can look into our Best Cash Discount Processors and choose the fit that’s best for you.
Signage and Pricing
A good processor with a good cash discount program will provide you with required “conspicuous signage”. A generally accepted example of such signage looks like this:
Cash Discount Terminals
There are a variety of terminals to choose from, depending on your business needs. Not all apps or hardware devices are equipped to handle a cash discount program. You need to verify that the solution you are choosing is compliant.
Terminal Options
Depending on your merchant services provider there are a variety of terminals and systems to choose from.
Accepts All Payments
In addition to cash, these terminals accept all major credit cards and are EBT, PCI and EMV compliant.
Cash Discount App on POYNT
Your merchant service provider can enable this Program on your POYNT device and it’s only $9.95 per month with NO transaction fees. Just $9.95 per month, that’s it!
Simple and Transparent
Prices are easy to understand and completely transparent to the merchants and customers.
Common Questions and Facts
What is Cash Discount?
When a merchant provides a discount to a customer for paying cash, this is referred to as a “Cash Discount”.
Completely Legal
As stated in the Durbin Amendment (part of the 2010 Dodd-Frank law) businesses are permitted to offer a discount to customers that pay cash.
Quick Setup
With a compatible point-of-sale terminal, you can start providing a Cash Discount to your customers.
How do I use it correctly?
Obtain a compatible point-of-sale terminal, display signs at entryways and point-of-sale locations and display fees and discounts on receipts.
