Cash Discounts & Two Tier Pricing (Touch Screen)

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Product Discounts (Touch Screen) - Vendnet

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Open Door Menu (Touch Screen) Cash Discounts & Two Tier Pricing (Touch Screen) Related Products. View all . Vendnet Greenlite ePort Engage. Sale Price From $0.00. Save $33.56. …

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FAQs about Cash Discounts & Two Tier Pricing (Touch Screen) Coupon?

What is a dual pricing program?

More commonly known as a cash discount program, dual pricing is a common pricing strategy to give customers the choice to pay with cash instead of a credit card, thereby avoiding credit card processing fees. It’s legal in all 50 states and it’s not just for gas stations. ...

What is dual pricing in payment terminals?

Dual Pricing on payment terminals is a popular program that allows merchants to transparently offer different transaction amounts to consumers paying with cash versus cards. For example, a merchant could have a cash price and a card price. The response to this opening pitch has been great – much better than my old cash discounting pitch! ...

How do cash discount programs work?

Typically, cash discount programs are implemented with a payment terminal or POS device that is configured to offer both cash and credit prices. ...

What is cash discounting?

Cash discounting, also known as dual pricing, is a technique your business can use to help offset credit card processing fees. Find out if it's right for you and how to set it up legally. If you’ve ever seen a gas station sign with two sets of prices on it—one for cash and another for credit cards—then you’re already familiar with dual pricing. ...

How do I advertise my cash discount program?

For your cash discount program to be compliant with Visa, Mastercard, and other card networks, you must advertise the credit card price to your customers. You can do this by either displaying the credit card price as your posted price or by displaying both cash and credit prices like gas stations do. ...

Where should a cash discount notice be displayed?

The same cash discount notice that you include on your menu or pricing brochures should also be displayed prominently at your business. Typically this would include placing a sign at the entrance to your business and at the checkout stand. The messaging doesn't need to be fancy. ...