Guess Who Uses A Cash Discount Program?

Guess Who Uses A Cash Discount Program?

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Cash discount programs are nothing new. Many people don’t realize that they’ve been used in the U.S. for many years. You might have even used one yourself if you have a car. Gas stations have been offering cash versus credit price for over a decade, with the cash price often being several cents less than the credit price. Those who pay with cash enjoy getting a discount, while those who pay with credit card enjoy being able to pay-at-the-pump and go. Read more

Building Your Business With A Cash Discount Program

Building Your Business With A Cash Discount Program

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It seems that every business around the world accepts credit cards. These days, many people prefer to carry plastic in their wallets instead of paper. While there are some businesses who still operate by a cash and check only model, this turns away a large percentage of the population who just doesn’t carry that form of payment. As a small business, you have no choice but to accept credit cards if you want to continue to see steady traffic come through your door. Read more

3 Things Every Business Needs To Thrive

3 Things Every Business Needs To Thrive

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1) Excellent service. Good customer service is probably the number one area that affects your bottom line. You can offer the lowest price in town, but if you offer a sour greeting when someone walks in the door, those prices won’t mean a thing. Read more

8 Things Every Business Should Know About Offering A Cash Discount

8 Things Every Business Should Know About Offering A Cash Discount

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1) Cash discount programs save small businesses money. Businesses that accept credit cards must pay a transaction fee on every credit purchase. A cash discount program helps the merchant offset some of these transaction fees without increasing overall rates. When customers pay with cash, there is no transaction fee, which saves the business money. Read more

This And That About The Cash Discount Program

This And That About The Cash Discount Program

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While offering customers a discount for paying with cash may sound a bit shady, there is nothing unlawful or fishy about the situation. In fact, establishments have been providing these deals for years. It wasn’t uncommon in the past for retailers, service providers, and other places of business to take percentages off of sales when the consumer paid with money. Of course, the matter becomes a little crooked and dishonest if the person receiving the bills decides not to report the earnings to the IRS. Read more