Question 1

Is the Cash Discount program legal?

Accepted Answer

As of January 27, 2013 several Card industry changes went into effect with regards to the credit card company’s federal class action litigation settlement. This change allows merchants to “offer a cash discounts to customers and clients who pay with payment forms less expensive than traditional Bank Debit cards.

In order to be legally compliant and registered

1. Betterpay will provide a clear signage which is required by law to be displayed at the business entry point and at the point-of-sale to easily and accurately explain the Cash Discount Program. If a customer or client chooses to pay with cash or check the service charge is discounted and the line item will not be applied.

2. The line item fee or discounted amount must be present on any generated receipts from the transaction.

Question 2

What type of equipment can I use?

Accepted Answer

There are multiple credit card terminals and POS systems that work with Betterpay's Cash Discount Program including the Deja Vu Z8, Z11. For an additional $49.95 a month you can receive a Poynt Smart Terminal placement.

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Merchant Services Questions

Is the Cash Discount program legal?

What type of equipment can I use?

Is the Cash Discount program legal?

What type of equipment can I use?

Cash Discount Questions

Is the Cash Discount program legal?

What type of equipment can I use?

Is the Cash Discount program legal?

What type of equipment can I use?

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Is the Cash Discount program legal?

What type of equipment can I use?

Is the Cash Discount program legal?

What type of equipment can I use?

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