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To make this type of discount do the following: The requirements can be a minimal amount purchase limit or allowing the discount to be solely used on certain items. One Code for all customersĬreating this code through Shopify allows you to set requirements for customers to be able to use it. You can set these codes for customers that wrote a review through review request only or to give them to customers that wrote reviews directly in your shop as well.Įxpiration date for discounts – set for how long will your discounts be able for use after the customer receives it. In your Shopify Discount Menu all discount that you previously set the amount for will be presented in the following way:
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Unique codeįor every customer submitting a photo review Monimo generates a new code. Discount will not be provided for a text-only review. Monimo discounts are offered only to customers that have submitted a photo review. These requirements can be defined within Shopify. Another type is a single code that can be used by any customer that fulfills certain requirements. One being a unique code for that specific customer which cannot be shared with others. There are two different types of discount codes you can offer. It is important that when looking at processors, they are offering you a compliant program with capable technology to display the required line items on the receipt.Monimo gives you an opportunity to give your customers a discount for submitting photo reviews. Many providers offer a program without the Cash Discount line item showing on the receipt. A major difference we have seen while looking at the providers across the industry is the Cash Discount line item. While many processors may offer a Cash Discount program, not all of them offer and utilize the compliant technology that is compatible with your terminals. It is also important to note that you are forbidden by Visa, Mastercard, and your processor’s rules to profit on a credit card transaction, which could happen if you accidentally charged more than you were charged by your processor. A Cash Discount Program has no necessary registration. As a merchant, you must register with Visa/MasterCard in order to legally apply the surcharge. If the fee is not a Cash Discount and is deemed as a Surcharge, even if allowed in your state, has strict requirements on the amount of the Surcharge. But if a fee is incorrectly applied to a transaction, the additional fee charged to customers would be labeled as a Surcharge which is prohibited in 10 states (California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma, and Texas). Without the proprietary technology programmed into your terminals, you would have to manually apply the service fee. In order to be compliant, merchants with a Cash Discount Program need to display the Base Amount of the transaction, the Cash Discount, and the Total Cost of the transaction on the customers’ receipt (see below).
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The posted prices are considered cash prices and the signage allows for a fee if the payment is not made with cash. Even though gas stations post different prices, as a retailer it is not necessary to do so.
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The essential steps being 1) Correct signage must be posted at the door and check out 2) The amount of the added service fee must be clearly displayed on the receipt and 3) Offering your customers a cash discount verbally. The card associations have strict guidelines on how a Cash Discount program must be implemented. While this type of program has been used by gas stations for years now (displaying cash prices), there is still confusion on how to implement a Cash Discount program the right way. Cash Discount programs are legal in all 50 states per the Durbin Amendment (part of the 2010 Dodd-Frank Law), which states that businesses are permitted to offer a discount to customers as an incentive for paying with cash. A Cash Discount program is a method of implementing a service fee to all customers who pay with a card, while providing a discount to those who pay with cash. By now, you’ve probably become aware of the rising popularity of Cash Discount programs as a way to offset your merchant service fees.