Point of Sale Resource for Businesses in Alaska

Sharing Credit Card Fees with Customers and Save $

Dec 28, 2020 3:41:40 PM / by Lynn Skurla Perkins posted in Cash Discounting, Save on Credit Card Fees

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What does it mean to share credit card fees with customers?  We have had several inquiries lately, so thought we would pass along a little bit of information.

If you are a business that accepts credit cards, you know that there are fees involved.  And historically, a customer that pays in cash pays the same price as a customer that pays with a credit card.  Many just accept this as the cost of doing business. However, with card acceptance at 80% or higher, businesses are starting to take a second look at the fees and ways they can share these fees with customers that want the convenience of using their card. 

Start saving some of those fees to put back into your business.

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Surcharging and Cash Discounting Explained

Jul 21, 2020 12:43:23 PM / by Lynn Skurla Perkins posted in Heartland Restaurant, Surcharging, Cash Discounting

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Heartland Restaurant recently shared this article with us, and we thought it would be helpful to share with you too:

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Ways to Reduce/Eliminate Credit Card Fees with Cash Discount Programs

Apr 1, 2020 2:17:21 PM / by Lynn Skurla Perkins posted in Cash Discounting, Lower Credit Card Fees

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During this crisis, business owners are looking at all cost cutting options in order to keep their doors open.  We have talked to our peers in the industry and have learned that many of their customers are turning to different cash discounting programs to reduce or eliminate the cost of accepting credit cards.

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Cash Discounting Lessons from a New Payment Partner

Oct 1, 2019 10:33:00 AM / by Lynn Skurla Perkins posted in Payment Processing, Surcharging, Cash Discounting, Cash Discounts

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This is an ongoing series of articles about cash discounting and surcharging programs.

I recently returned from a conference and attended a session by Clearent to learn more about this hot topic in the payment world.  The number one take away from this conference - you need to follow the rules very carefully - and work with a partner that knows what they are doing!

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Surcharges, Cash Discounts - Thoughts?

Sep 30, 2019 2:49:29 PM / by Lynn Skurla Perkins posted in Payment Processing, Surcharging, Cash Discounting, Cash Discounts

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Did you know that cash discounting and surcharging programs for credit card fees is legal in most states. We have seen an uptick in the use of these methods to offset credit card fees in some locations locally, but isn't common in most businesses - yet.  So, we decided it was time to learn more:

 

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