Cash discounts are only allowable by the merchant agreements for some kinds of t... | Hacker News

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		qq66 on June 6, 2011 \| parent \| context \| favorite \| on: Lessons From a Coffee Entrepreneur Cash discounts are only allowable by the merchant agreements for some kinds of transactions, such as gas stations. A lot of people offering "cash discount" are technically violating their agreements with VISA/MC.

oasisbob on June 6, 2011 [–]

Not since 2010. The Justice Department reached a settlement with Visa and Mastercard overturning this provision:

http://www.nrf.com/modules.php?name=Newsletter&op=viewli...

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