Big Think Capital

Q: Is It Legal To Offer A Cash Discount?

One of the most frequent questions we get is “Is cash discount legal?” 100% yes, our credit card cash discount program is legal, utilizing a cash discount at the point of sale is completely legal in all 50 states. A cash discount can easily be confused with a credit card fee or surcharge, which is legal in only 40 of the 50 United States. (Surcharging is illegal in Texas, Oklahoma, New York, Massachusetts, Maine, Kansas, Florida, Connecticut, Colorado and California.)

Q: Cash Discount vs. Surcharge

A cash discount is when you post credit card prices and offer a discount on that price for customers who pay with cash. A surcharge is when you post cash prices and charge an additional fee on top of that price for customers who pay with a card.

Q: Is there a specific industry that this program works best in?

The Cash Discount program is a simple and flexible program that operates well across all industries and is legal in all 50 states. Operating on a Cash Discount program can especially be beneficial to businesses that offer quoted prices to customers or offer multiple methods of payment to consumers since you will receive the same profit regardless of how your customer pays!

Q: How do I know if this program is right for my business?

If you are tired of an unpredictable processing bill every month, want to completely eliminate your processing fees, do not want to be locked into a long-term commitment, and need customer support that is efficient and fast; this program is perfect for your business.

Q: Do I need specific equipment to implement this program?

Not at all! With VizyPay's Cash Discount program, we can integrate with almost every technology. We also have multiple POS and terminal options if you are looking to upgrade.

Q: What is Cash Discount?

A method of implementing an increase in price to all your customers, while giving a discount to those who pay with cash. When a customer pays with a card, our technology isolates the price increase and applies it to your processing fees so that you never again have to worry about an unpredictable processing bill!