Thirty years ago some local stores offered a cash discount equal to their credit card fees. The store owners were up front and were not shy to explain why (at length) to anyone who asked. An extra credit card fee might be discriminatory, where as cash discount might not be because it is a normal business practice. The down side of a discount would be that your advertized prices look higher. I would check with a local attorney before making a major change to make sure you stay within your state and local laws.
Many younger people I know use credit cards for almost every purchase, they carry very little cash and don't carry a check book. Now-a-days even pop and candy machines take credit cards. Their credit card companies rebate between 1 to 3 percent of all purchases back to the buyer. That's a good bargain for consumers and hard to argue against. A cash discount would not mean much to them, unless it is higher than their rebate. I think the trend to using credit cards will continue to increase.
I would increase prices to offset credit card fees, and consider a cash discount. Maybe post an "Ask about our cash discount" sign at your checkouts.
Can you bargain with the bank or credit card company to waive your upgrade fees?
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Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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