How to Handle Credit Card Fees for Your Small Business
Sep 27, 2023
Why offering your customers a discount when they pay with cash could be costing you
Do You Give Your Customers a Discount If They Pay With Cash Instead of a Credit Card?
- Many small businesses do offer these discounts, but Visa is starting to crack down when it’s done unreasonably.
What Does Visa Consider an Unreasonable Discount?
- Visa is considering any discounts above 3% to be unreasonable and against their customers.
- In fact, Visa is sending out auditors around the country to physically see what small businesses are offering.
Listen here: https://sba.thehartford.com/media/podcasts/handling-credit-card-fees/
