True Cash Discount
A True Cash Discount is when a business offers a discount to customers who pay by cash, check or store-branded gift card, instead of with a credit or debit card..
With a Non-Cash Adjustment, the merchant’s list prices have a built-in cash discount incentive. Customers who pay with credit and signature debit cards do not receive the discount and will see a Non-Cash Adjustment on their receipt.
Surcharges are fees that are added to the cost of the purchase for the “privilege” of using a credit card. Business owners must follow additional steps to be in compliance with the card brands.
A convenience fee is a fee charged by a business for payments made through an alternative channel, rather than by cash, check, or ACH. Typical cases where convenience fees are charged include payments for mortgage payment, property taxes, utility payments and tuitions. The fee is typically a fixed amount or a percentage of the sale.