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Isn’t it Illegal to Charge Extra if Someone Uses a Credit Card?

The short answer? No. Currently we operate well within the Mastercard and Visa service rules; while the laws regulating a cash discount program may change in the future, everything we do is by the book. For example, take a look at the stipulations regarding Visa's views on cash discounts: From Visa Core Rules and Visa Product and Service Rules – 22 April 2017 "1.5.4.14 Discount Offer – US Region [...]

By |2019-05-23T17:08:27+00:00May 23rd, 2019||

Why do Businesses Utilize the Cash Discount Program?

Simple. Paying with a credit card incurs processing fees. By eliminating these fees (a few cents a transaction), a cash discount can save a business thousands of dollars every month. We eliminate monthly processing fees for small businesses. For example, think about a convenience store or coffee shop. The average ticket price is generally not going to exceed $10. For credit cards or debit cards charged as credit, the [...]

By |2019-05-23T17:08:48+00:00May 21st, 2019||

What Is A Card-Not-Present Transaction?

A card-not-present or CNP transaction is any transaction for which the physical credit card is not on location when the purchase is made. E-commerce transactions are the most prominent example of CNP purchases. Card-not-present transactions require a degree of trust on behalf of the merchant, as the cardholders’ physical absence limits the merchant’s ability to verify the identity of the individual who initiates the transaction. CNP transactions, also known [...]

By |2019-05-21T17:21:08+00:00December 13th, 2018||