Thousands of businesses are saving money
by starting a Cash Discount Program.
How Cash Discount Works
Step 1: Once you have purchased a Clover device, send us all of your inventory and pricing.
Step 2: We will provide signage for your store to display how your new Cash Discount Program works.
Step 3: 4% will be added to your entire inventory, when a customer pays with cash or check a 4% discount will be applied at the time of the checkout and calculated on the customer's receipt.
See how much you can save with Cash Discount
Point-of-Sale
Cash Discount Equipment Options
Clover Duo
- 14" merchant facing screen with a 7" customer facing screen.
- 8-core state of the art Qualcomm Snapdragon processor with 4 GB memory
- Accept, mag stripe cards, EMV chip, contactless payments & more.
- Included cash drawer with bill tray, coin tray two keys and a security cable.
Clover Mini
- Plenty of room with a new 8" touchscreen.
- Flexibility and power to accept just about any payment out there.
- Smart device with app availability.
- EMV, NFC and mobile payment compatible.
Clover Flex
- Access your Clover from anywhere when you have an internet enabled device.
- See how the day is going through sales tracking, in real time.
- Change pricing or update inventory from home.
- Check in to see which employees are on the schedule and who is clocked in.
- Free ©Android and ©IOS apps for smart phones and tablets, you can even stay informed via your ©Apple Watch.
Clover Go
- Securely Accept All Major Types of Payment with Ease
- Email or Text Customer Receipts
- Micro USB charging
- Compatible with iOS 10 and Android 4.4
SHOOSH all-in-one Terminal
- Perfect for any business from retail to restaurant
- Easy to navigate for both employees and customers
- Accepts credit card payments, and both PIN-based and Signature-based debit cards
- Everything is stored on the Cloud, access your businesses POS data from anywhere at anytime
SHOOSH Mini all-in-one Terminal
- Supports SKUs, Bluetooth barcode scanners, and scales
- Includes a QD5 customer facing terminal
- Accepts credit card payments, and both PIN-based and Signature-based debit cards
- Everything is stored on the Cloud, access your businesses POS data from anywhere at anytime
Dejavoo QD2 Wireless Terminal
- Perfect for any business that wants more freedom with where they can accept payments
- Easy to navigate for both employees and customers
- Accepts credit card payments, and both PIN-based and Signature-based debit cards
- Everything is stored on the Cloud, access your businesses POS data from anywhere at anytime
- And so much more!
Dejavoo QD4 Terminal
- Accept cash discount program with manager overrides
- Now with a Large 5.5" touchscreen
- Ethernet & WiFi so you can always stay connected.
- Built in internal pin pad to accept debit, ebt, etc.
- Lightning Fast with a new quad core processor.
Velocity Pro Pack
- Accept cash discount program with manager overrides
- Large responsive touchscreen
- Ethernet & WiFi so you can always stay connected.
- Built in internal pin pad to accept debit, ebt, etc.
- Uses scan data rebate program
Benefits of a Cash Discount Program
Reduce Chargeback Risks
In addition to the fees that automatically come with credit card transactions, these transactions can sometimes lead to additional fees. Chargebacks only occur with credit card payments, so when you encourage customers to pay in cash, you reduce the risk of a chargeback.
Increase Cash on Hand
When customers make a cash payment, it can mean more access to cash on hand for your business.
Attract Bargain Hunters
Who doesn’t love to get a discount? When customers see they can pay less by using cash, they’ll leave your store feeling like they got a great deal and will likely come back next time with cash in hand.
Keep Profit Margins Consistent
It’s important for a business to be able to maintain consistent margins so they can accurately budget and make financial decisions for the future. With a cash discount program in place, processing fees are no longer a wild-card.
Reduce or Eliminate Fees
Save your business from having to shoulder the costs associated with credit card processing. With a cash discount program, it will be just as if credit card processing fees were nonexistent.
Frequently Asked Questions
A cash discount occurs when a merchant decreases the price for cash purchases. A cash discount works by applying a small customer service fee on all customer transactions. This fee is removed if the customer pays with cash or in-store gift card. A cash discount is not applied to a debit card transaction as they still incur the same credit card processing fee.
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.