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Are you planning to implement a program for cash discount Charleston? Merchants United can help. We can devise an effective solution tailored to suit the needs of your business and help you avoid any penalties or issues. Here are some of the benefits of cash discounts.
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Are you planning to implement a program for cash discount Charleston? Merchants United can help. We can devise an effective solution tailored to suit the needs of your business and help you avoid any penalties or issues. Here are some of the benefits of cash discounts:
1. Eliminate Processing Fees: Naturally, the biggest benefit us that they help you eliminate as much as 100% of the merchant processing fee that comes with accepting credit card payments.
2. Easier to explain and implement as compared to a surcharge: Some merchants try to recover the processing fee by charging a surcharge on credit card purchases. However, this is not legal in some places. It is easier to explain a cash discount.
3. Promotes cash payments: A cash discount will encourage certain customers to make cash payments.
4. More cash payments means faster access to funds There is no wait period or processing time when you get cash in hand.
5. Decreased chargebacks: With lesser people utilizing credit cards for payments at your store, the amount of chargebacks is going to decrease.