West Ridge Texas Advisory
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Our Services
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Cash Discount Program
A cash discount program is a pricing strategy offers customers a reduction in price when they pay with cash rather than credit or debit cards This approach encourages cash transactions, helping businesses save on transaction fees associated with card payments. By implementing a cash discount program, businesses can improve their cash flow and attract more looking for savings.
Display Card price and automatically offer to customers who pay cash!
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Dual Pricing
A dual pricing system is when a business two different prices for the same product or service: one for cash payments and another for card payments. Customers can then choose which payment method they prefer based on the price displayed. This approach encourages cash transactions while providing transparency about the pricing structure. It can help businesses reduce transaction fees associated with card payments.
Display both prices and customer can choose which works better for them!
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Traditional
Involves a model in which merchants are responsible for the transaction costs associated with accepting credit and debit card payments. In this setup, businesses may incur fees at a flat rate. This model allows merchants to control over pricing and potentially offer customers lower prices, as they can factor the into their overall pricing strategy. While it can costs for businesses, it also provides a straight forward payment processing solution.
Business absorbs transaction fees! Price does not change from cash to card.