Cash Discount Program
Say Goodbye to Processing Fees with our Cash Discount Program
Tired of unpredictable processing fees? Our Cash Discount Program eliminates nearly all fees for online and subscription businesses!
Benefits of Our Cash Discount Program
Our merchant-friendly method combines everything you need and want into one
nicely integrated package, all tailored to your business model.
Eliminate Nearly
All Processing Fees
Offset up to 100% of credit card processing fees.
Effortless
Integration
Easy to implement with a solution that applies processing fees automatically.
Industry-Wide
Flexibility
Ideal for businesses across all industries offering multiple payment methods
Legal Across
the U.S.
Fully compliant in all 50 states.
How Our Cash Discount Program Works
With our program, you can easily integrate card processing costs into your product pricing. When a customer pays using a credit card, our technology isolates the processing fee from the sales price and applies it toward your processing costs. This allows business owners to offset up to 100% of their processing fees without the worry of variable monthly expenses, all while operating fully within card network guidelines.
Understanding Cash Discount
Having trouble understanding our Cash Discount Program? Here’s a visual example from our partner, VizyPay to help you know if Cash Discount is a good option.
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"While cash discounts are common for in-person transactions,
no one was offering a true solution for eCommerce or recurring payments.
We figured out a way to do it to give our customers a viable option based on their business model."
- Kimberly Miller, EVP of Strategy and Operations, Payway
What is a Cash Discount Program?
A cash discount program allows businesses to pass on the cost of processing fees to customers who choose to pay by card, while offering a discount to those who pay with cash. This structure benefits businesses by helping to offset up to 100% of processing fees, making costs predictable and, in many cases, reducing fees entirely. The result? More stable profit margins, less overhead, and improved customer loyalty.
How do I offer a Cash Discount online?
On your website, you’ll need to display the different pricing for ACH (or direct debit) payments versus card payments. This can be set up easily with compatible checkout tools, and Payway offers the necessary technology to streamline this process.
Can I offer Cash Discount for payments taken over the phone or by mail?
Yes, as long as you clearly state the discount if paid by ACH or direct debit.
What are the steps to implement Cash Discount?
There are a few simple steps needed to implement a Cash Discount program. No additional equipment is needed and Payway provides assistance throughout the entire process:
- You’ll set up an account with our partner, VizyPay
- Make price adjustments to your website
- Train staff or customer support teams on how to handle questions
Is there a specific industry that this program works best in?
The Cash Discount program is a simple and flexible program that operates well across all industries and is legal in all 50 states. Operating on a Cash Discount program can especially be beneficial to businesses that offer quoted prices to customers or offer multiple methods of payment to consumers since you will receive the same profit regardless of how your customer pays.