Cash Discount vs. Interchange Plus - What's The Difference? #shorts #shortsfeed
Channel: Autho Pay
Date: 28/02/2024

Two very common pricing models for payment processing are Interchange Plus and Cash Discount, but what's the difference?

Interchange plus is the interchange rate plus the markup that banks and processors charge to process transactions. These rates vary from card to card and the fees are paid for by the business.

Cash discount is a processing system where the customer pays for the processing fees and it will show up on the statement as a separate convenience fee.

Not all businesses will qualify for cash discount, but we are seeing more and more businesses opt for it due to increasing interchange rates caused by inflated credit card incentives.

If you want to save money on your business' payment processing, visit www.authopay.ai to get started. We'll also give you a free smart terminal for getting started with us.

#interchange #interchangeplus #cashdiscount #paymentprocessing #learning #education #business #businessgrowth