BRICK/MORTAR LOCATIONS WITH CARD PRESENT TRANSACTIONS
Merchant is provided with signage to post at POS locations that informs the customers that “All posted and advertised prices are already at the “Cash Discounted price”. Customers paying with cash will pay the posted discount price. For transactions where consumers chose to pay with credit cards, the difference between the cash price and the credit price is then added as a “standard adjustment” to the total check-out price.
ONLINE MERCHANTS E-COMMERCE TRANSACTIONS
Posted prices on the E-Commerce site must declare that those prices are already discounted for cash purchases. E-Commerce merchants are required to offer ACH/Electronic Check or a mailed in check as payment options for their products. The ACH or Electronic Check product becomes the “Cash option” for that particular product(s). Note that ACH/Electronic Check payment may take several days to for payment.