What's the difference between Surcharge and Cash Discount??

Oct 31, 2023

 

You won't need to change your shelf or menu pricing with either method! Simply offer a discount on items to your cash customers. 

For most businesses,  there's no harm in offering a cash discount IF you've set your prices to account for credit card purchased! This m ean you have calculated your operating costs including the fees for accepting credit cards!  We find it CRAZY that businesses forget to all those costs of financing their customers meals, products or service until they can pay their credit card bill! You see if you did not take credit cards, almost half your customer would NOT be able to enjoy your restaurant, store or service! 

Whether you add a surcharge or reduce the cost if paying with CASH, you're passing the credit card processing fee on to your c ustomer who enjoys the experience TODAY with the cash! No to mention points, cash back and more! 

Want to know more about surcharging or cash discount? Give us a call today! 

Merchant Processing Solutions Inc.

954-938-2420


By Merchant Processing Solutions 21 Feb, 2024
By Merchant Processing Solutions 11 Feb, 2024
Merchant processing industry continues to undergo significant transformations in today’s rapidly evolving digital landscape. In 2024, both businesses and consumers will experience new trends that promise to make payments more secure, efficient, and convenient. Understanding these new trends will help you increase revenue while maintaining secure, effectient and convenient forms of payment connections for your customers!

By Merchant Processing Solutions 23 Jan, 2024
Visa / MasterCard Interchange Fee Settlement Recovery.The lawsuit is about claims that merchants paid excessive fees to accept Visa and Mastercard cards because Visa and Mastercard, individually, and together with their respective member banks, violated the antitrust laws.The settlement creates the following Rule 23(b)(3) Settlement Class: All persons, businesses, and other entities that have accepted any Visa-Branded Cards and/or Mastercard-Branded Cards in the United States at any time from January 1, 2004 to January 25, 2019, except that the Rule 23(b)(3) Settlement Class shall not include (a) the Dismissed Plaintiffs, (b) the United States government, (c) the named Defendants in this Action or their directors, officers, or members of their families, or (d) financial institutions that have issued Visa-Branded Cards or Mastercard-Branded Cards or acquired Visa-Branded Card transactions or Mastercard- Branded Card transactions at any time from January 1, 2004 to January 25, 2019. The Dismissed Plaintiffs are plaintiffs that previously settled and dismissed their own lawsuit against a Defendant, and entities related to those plaintiffs. If you are uncertain about whether you may be a Dismissed Plaintiff, you should call 1-800-625-6440 or view the list of Dismissed Plaintiffs for more information.The Notice has important information for merchants that accepted Visa and Mastercard from January 1, 2004 through January 25, 2019. It explains the settlement in a class action lawsuit. It also explains your rights and options in this case. The court also issued a “Notice of Exclusion” to the Dismissed Plaintiffs and an additional notice to those merchants explaining their right to file claims.Click Here to Submit a ClaimNeed for information? Please give us a call! 954-938-2420Merchant Processing Solutions Inc.Please Call Merchant Processing Solutions Inc. @ 954-938-2420
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