Paying cash can make prices cheaper

Seven On Your Side
NEW YORK

At the pump it's obvious because you're offered a different price for paper or plastic.

But what shoppers don't know is that many stores and services discount for cash too.

Finance Expert and Author /*Farnoosh Torabi*/ says if a customer ask, many times they shall receive.

"You have nothing to lose by asking for a cash discount.. don't feel shy you never know when it's gonna work," he said.

Eyewitness News tried it out and from an /*Upper West Side*/ shoe repair shop. They gave a 10 percent discount. We also had the same response at a clothing store in /*Crown Heights*/.

Merchants explained that ringing up with cash makes it King, because a credit card swipe costs the merchant 2 to 5 percent more.

Time is money and saving time is worth a discount even with a professional service.

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