Surcharging | Cash Discounting
What is Cash Discounting?
Cash discounting is a sales incentive offered by merchants to customers who choose to pay with cash instead of credit. The discount is a way for merchants to encourage customers to pay with cash, which can reduce their transaction processing fees.
What is Surcharging?
Surcharging, on the other hand, refers to the practice of adding a fee for customers who choose to pay with credit. The fee is meant to cover the merchant's transaction processing costs associated with accepting card payments. Surcharging is only allowed in certain jurisdictions and is subject to specific regulations.
DinerDaddy is compliant with VISA rules regarding Surcharging. For example our software does does not apply Surcharges on Debit cards. However for certain jurisdictions, you can opt to Surcharge on both Debit and Credit cards.