A Cash Discount allows businesses to offer a discount to any customers who pays with cash, check or store issues gift cards. This allows the customers to save money when paying in cash instead of using card payments. This gives the customer anywhere from 3.5% to 3.99% in savings. The Cash Discount Program also saves businesses up to 90% in what they would have otherwise paid by using card payments.
Upon check out, the customer will have the option to pay in cash or card payment. We provide clearly placed signage that informs customers they will save money should they decide to pay with cash. Once the customer has decided to pay cash, our Point of Sale system or terminal will reduce the price, thus saving the customer money. It’s as simple as that.
Cash discounting is a relatively new program in the card payment industry. Businesses must stay up to date when it comes to staying compliant to the guidelines set by card networks such as Visa and Mastercard, as well guidelines set by federal and state governments. Every business must ensure transparency when implementing the program with clearly visible signage at checkout and on customers receipts. The Point of Sale system or terminal also must offer a discount to anyone who decided to pay with cash. Nestpay prides itself on staying up to date with the ever changing guidelines set by the card networks. We provide materials and training on implementing cash discounting.
To get started, click on this link and fill out the form. One of our dedicated experts will reach out to you to get a better idea of your business needs. Once our team has a better idea of your business needs, we will then recommend the type of Point of Sale or terminal that best suits your business. Then we will send one of our technicians to install your new system!
