cash only in 2010? seriously?

jspooney · 03-09-2010, 06:37 PM

I persuaded my office, 6 of us, to go try a new restaurant thatpeople havebeen raving about. Found out they only accept cash, sowe went to another restaurant instead. No-one else in my office even knew this rastaurant existed but I had convinced them we just had to try it. Unfortunately, we won't ever go there as a group now, and most likely none of us will go seperately because none of us carry cash all the time. So here's my question, is it a good idea to be cash only in 2010? Seems like it would cost far more in lost business than it would cost to pay thetransaction fees for credit cards.

What are your thoughts?

Blake · 03-09-2010, 06:39 PM

What place? Only cash only place I know is Jerrys drive in.

choppedliver · 03-09-2010, 06:42 PM

Quote:

jspooney (3/9/2010)I persuaded my office, 6 of us, to go try a new restaurant thatpeople havebeen raving about. Found out they only accept cash, sowe went to another restaurant instead. No-one else in my office even knew this rastaurant existed but I had convinced them we just had to try it. Unfortunately, we won't ever go there as a group now, and most likely none of us will go seperately because none of us carry cash all the time. So here's my question, is it a good idea to be cash only in 2010? Seems like it would cost far more in lost business than it would cost to pay thetransaction fees for credit cards.

What are your thoughts?

Waffle house was that way until just a few years ago.

But no, I don't think it makes any sense. Raise your rates 3%, or give people a cash price and tack 3% or whatever for credit purchases if its that big a deal

82whaler · 03-09-2010, 06:42 PM

Hip Pocket cash only and CLOSE THE DOOR AC GOES OUT sign on front door.

Boatjob1 · 03-09-2010, 06:44 PM

Get ready, With the upcoming tax increases your probably going to see this more often.... Less of a paper trail and cash will soon really be King............ With our "credit" economy, I can see where it would hurt business at first, but you can definantly see it coming.........

FLbeachbum · 03-09-2010, 10:23 PM

i dont mind the cash deal. I always carry cash and only use credit / debit cards if paying bills. CASH IS KING.

TOBO · 03-09-2010, 11:00 PM

Blue Dot?? If I had a restaurant I would have an ATM and only take debit cards. Even with the cash back some may be getting, they charge almost 3% to the company and that is a part of doing business and guess who pays for that???

CHUMM BUCKET · 03-09-2010, 11:07 PM

whats wrong with carrying cash?

finfever61 · 03-09-2010, 11:11 PM

If you look close enough quite a few "Mom and Pops" restaurants will have two registers one for credit cards and checks and the other for cash. Helps the bottom line when you don't pay taxes on the cash.

angus_cow_doctor · 03-09-2010, 11:20 PM

I guess it is better than paying in chickens or cows.......:moon

03-09-2010, 06:37 PM	#1
jspooney Senior Member Sailfish Join Date: Oct 2007 Posts: 2,123	cash only in 2010? seriously? I persuaded my office, 6 of us, to go try a new restaurant thatpeople havebeen raving about. Found out they only accept cash, sowe went to another restaurant instead. No-one else in my office even knew this rastaurant existed but I had convinced them we just had to try it. Unfortunately, we won't ever go there as a group now, and most likely none of us will go seperately because none of us carry cash all the time. So here's my question, is it a good idea to be cash only in 2010? Seems like it would cost far more in lost business than it would cost to pay thetransaction fees for credit cards. What are your thoughts?

03-09-2010, 06:39 PM	#2
Blake Senior Member Trigger Join Date: Jan 2008 Posts: 268	RE: cash only in 2010? seriously? What place? Only cash only place I know is Jerrys drive in.

03-09-2010, 06:42 PM	#4
82whaler Senior Member Trigger Join Date: Sep 2007 Location: East Hill Posts: 267	RE: cash only in 2010? seriously? Hip Pocket cash only and CLOSE THE DOOR AC GOES OUT sign on front door.

03-09-2010, 06:44 PM	#5
Boatjob1 Senior Member White Marlin Join Date: Oct 2007 Posts: 2,517	RE: cash only in 2010? seriously? Get ready, With the upcoming tax increases your probably going to see this more often.... Less of a paper trail and cash will soon really be King............ With our "credit" economy, I can see where it would hurt business at first, but you can definantly see it coming.........

03-09-2010, 10:23 PM	#6
FLbeachbum Senior Member Grouper Join Date: Jul 2008 Location: East Pensacola Posts: 960	RE: cash only in 2010? seriously? i dont mind the cash deal. I always carry cash and only use credit / debit cards if paying bills. CASH IS KING. __________________ David T. Williams Manager ADTS, Authorized ADT Dealer Pensacola, FL dtwms@cox.net

03-09-2010, 11:00 PM	#7
TOBO Senior Member Snapper Join Date: Oct 2007 Posts: 420	RE: cash only in 2010? seriously? Blue Dot?? If I had a restaurant I would have an ATM and only take debit cards. Even with the cash back some may be getting, they charge almost 3% to the company and that is a part of doing business and guess who pays for that??? __________________ 19ft Cape Horn " Something Catchy "

03-09-2010, 11:07 PM	#8
CHUMM BUCKET Senior Member Grouper Join Date: Jul 2008 Posts: 1,008	RE: cash only in 2010? seriously? whats wrong with carrying cash?

03-09-2010, 11:11 PM	#9
finfever61 Senior Member Snapper Join Date: Oct 2007 Posts: 478	RE: cash only in 2010? seriously? If you look close enough quite a few "Mom and Pops" restaurants will have two registers one for credit cards and checks and the other for cash. Helps the bottom line when you don't pay taxes on the cash.

03-09-2010, 11:20 PM	#10
angus_cow_doctor Senior Member Sailfish Join Date: Apr 2009 Location: Gulf Breeze, Florida Posts: 2,097	RE: cash only in 2010? seriously? I guess it is better than paying in chickens or cows.......:moon

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