No, offering a discount to customers who choose to pay with cash is a completely different situation than surcharging when it comes to the card brands’ regulations. While surcharging is allowed under certain parameters laid out by the card associations, business owners are able to price their products and offer discounts on those products at will. Cash discounting is the business owner exercising that freedom. Surcharging is adding a charge only for customers who use a credit card, and is not currently allowed in ten states.
Articles in this section
- Can I revert back to traditional processing?
- Can your Company Offer the Cash Discount Program?
- Cash Discount Signage
- Cash Discount Video
- Is it legal to offer a Cash Discount?
- Is the Cash Discount Program the same thing as a Surcharge?
- Is the full price amount included in the return amount if a transaction that had a pay via credit or debit card is returned?
- Is this like a surcharge?
- Is this some kind of new program?
- I’ve never heard of this practice before, is it new?