Accepting credit cards at your business has almost become a necessity. But, to accept credit cards there is an expense associated. By implementing a cash discounting program you give your customer the option to pay as they want but don't incur additional expenses as a result.

Cash Discount programs are legal in all 50 states. The Durbin Amendment to the 2010 Dodd Frank Law states that businesses are permitted to offer a discount to customers as an incentive for paying with cash.

A cash discounting program is ideas for businesses who have a low average ticket price, around $10-$15. Consumers are carrying cash less and less often so it's important to take into consideration the need to accept credit cards but also that the majority of your business may be via a credit card transaction.

No, cash discounting is not a new concept, it has been around for years. However, it has become increasingly popular with the increase in credit card payments and the processing cost associated with it.

Even though customers can save by paying for purchases with cash, 98% of customers will still choose to pay with a credit card. When you implement a cash discount program properly you should not lose any customers.

Yes, a cash discount plan with VMS will eliminate your credit card payment fees. Keep in mind there is still a cost associated with your equipment and a minimal monthly fee for the cash discount app.

A surcharge is a fee that is added to the price of an item or service when the customer indicates they are paying with a credit card. In contrast, a cash discount occurs when a merchant decreases the cost of an item or service when their customer indicates they are paying with cash. Cash discount programs are not the same as surcharges because they do not levy a fee that is added to a credit card transaction. Cash discount programs are legal in all 50 states. There are still several states that do not allow surcharging.