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It is my understand that Visa/MC won't be happy if you offer discounts for Cash (meaning they won't let you process any Visa/MC card).
by nemothekid 8y ago
It is my understand that Visa/MC won't be happy if you offer discounts for Cash (meaning they won't let you process any Visa/MC card).
- EpicEng 8y agoThe posted price has to be the CC price, but retailers can offer a cash discount. They don't want to see a CC surcharge. https://www.cardfellow.com/blog/cash-discount-eliminate-processing-fees/ https://www.cardfellow.com/blog/cash-discount-eliminate-proc...
- CardFellow 8y agoNah, they've been fine with cash discounts for a long time. They only became okay with surcharging / adding a fee for cards as a result of a lawsuit in 2013. They'd still prefer businesses offer a cash discount, though. They know customers generally don't take them up on it, but also don't feel punished like they do with a surcharge.