Cash discount dating article on speed dating
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While it is used in consumer transactions, it shows up with much greater frequency in commercial transactions. Businesses will utilize cash discounts to get paid quicker or to ensure payment in the case of discounts for immediate cash payments.
A cash discount will also enable a business to avoid credit card processing fees charged to the business for processing credit charges.
You really can't get a simpler formula than a cash discount.
This is the percentage where manual claims have been required for this merchant.
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We've all heard the term discount, but it has different meanings in the world of commerce.