Payment processing is a necessary expense for almost every modern business, but that does not mean merchants have to stop evaluating how those costs affect their bottom line.
For businesses that accept a significant number of card payments, two approaches are often discussed when looking for alternatives to absorbing the entire cost of processing: cash discounting and credit card surcharging.
Although the terms are sometimes used interchangeably, they are structured differently and can create very different experiences for both merchants and customers. They also come with rules that need to be understood before a program is introduced.
PayTrac offers both cash discounting and surcharging alongside traditional payment processing, giving merchants the opportunity to compare different approaches rather than being locked into a single pricing model.
