Cash payment clause

Unless otherwise defined, the contractual prohibition on the part of the card-issuing bank – to grant discounts to cash payers – here in the sense of immediate settlement of the debt by legal tender – as an option to payment by cash card or – to charge fees in the case of payment by cash card (no surcharge rule). – Despite agreed penalties, the cash payment clause is often not observed in the sense of especially in the case of very large transactions. – See contant, discount.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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