Cash Discount: What Is It? Is Cash Discount Legal?
In today’s restaurants and cafes, paying with a card is always the preferred choice for customers. However, for every card transaction, restaurant owners or their customers have to bear a small fee known as “card processing fee” in addition to taxes. These fees typically range from 1-4% of the bill. When you add up these “small” fees each month, you’ll see a significant amount of money going to waste. So, if there’s a way to save on these “small” fees, why not give it a try? In this article, we will explore an optimal way to increase profitability, attract customers, and build trust through a simple yet often overlooked strategy: Cash Discount. What is Cash Discount, and is it legal to use it? Cash Discount is a promotional method that restaurant owners can apply to encourage customers to pay with cash, thus avoiding an undesired card processing fee. Businesses utilize Cash Discount to expedite prompt payments from customers. Cash Discount is not just a way to save mon...