How is the Cash Discount Calculated?
The Cash Discount Percent can be found in Setup > Setup POS & POS Devices. It is the inverse of the Non Cash Payment Percent using the formula NCP / 1+NCP using the numerical value.
For example, if Non Cash Payment is 3.75%, the Cash Discount is .0375 / 1 + .0375 = .0361... or 3.61%.
When a ticket is paid in Cash, the 3.61% discount is applied to the Services, Products, Classes and Packages on the ticket and the tax will be updated as well.
Related Articles
Where can I find my Cash Discount percent?
The Cash Discount percent can be found in Setup > Setup POS & POS Devices. The Cash Discount Formula is the Non Cash Payment Numerical Value / (1+ Non Cash Payment Numerical Value). For example if the NCP is 3.75%, then Cash Discounting is .0375 / (1 ...
Inspire v4.3 - Non Cash Payment Fee Updates
Why are Non Cash Payment Fees being changed? Per regulations, we can no longer display a line item called 'Non Cash Payment Fee' on the ticket, the cost needs to be built into the goods & services and then we can offer a discount for paying cash. ...
[Video] Inspire by STX Cash Discounting Updates
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[Slideshow & PDF] Inspire by STX Cash Discounting Updates
View the Inspire by STX Cash Discounting Update Slideshow Or click the attachment to download the PDF version.
Non Cash Payment Fee
Non Cash Payment Fee Setup will be available in Early Fall 2023 What is a Non Cash Payment Fee? The Non Cash Payment Fee (also known as Cash Discounting) is a program offered exclusively to our STX Payments customers. Once enabled for the program, ...