While they may seem similar at first glance, it is important to understand the nuances and differences between cash discounting and dual pricing to make informed decisions for your business. In this comprehensive guide, we will explore the value of these pricing strategies, how they work, and the potential benefits and considerations for implementing them.
In recent years, restaurants have started implementing credit card surcharges to offset the fees imposed by credit card companies. These fees can range from a small percentage of the total bill to a fixed amount per transaction. While some customers may find these charges frustrating, it is crucial to delve deeper into the legality of such practices.
Two popular options are cash discounting and surcharging. While they may seem similar, there are distinct differences between the two. In this article, I will help you understand the difference between cash discounting and surcharging, and help you choose the best payment processing option for your business.