Abstract: The disclosed system and method provides a way for merchants and customers to use charge cards as payment for special pre-arranged pricing. The disclosed system and method allow both the merchant and the customer additional flexibility in carrying out pre-arranged pricing schemes. Embodiments of the disclosed system and method enable charge card payments to be used for pre-arranged pricing using the same infrastructure as existing charge card payment systems, thereby reducing the costs and inconvenience to merchants and customers. In addition, embodiments of the disclosed system and method allow pre-arranged pricing transactions to be carried out in the same manner as regular charge card transactions from the perspective of the card holder and merchant. Neither the charge card holder nor the merchant need to perform any different or additional steps to affect payment at the pre-arranged price.