cash only in 2010? seriously? - Page 2 - Pensacola Fishing Forum

Go Back   Pensacola Fishing Forum > General Discussion > Off Topic

Reply
 
Thread Tools Search this Thread Display Modes
Old 03-09-2010, 10:23 PM   #11
Senior Member
Grand Slam
 
Join Date: Oct 2007
Location: Gulf Breeze
Posts: 12,111
Default RE: cash only in 2010? seriously?

Don't want to say what restaurant b/c I don't want to seem like I'm trying to hurt their business. I was just wondering if I was the only one who thought a cash only policy was crazy. Why don't I carry cash? Because I can keep track of everything I buy by using a credit card and paying it off every month. I also don't have to go to the ATM every other day.
jspooney is offline   Reply With Quote Quick reply to this message
Sponsored Links
Advertisement
 
Old 03-09-2010, 10:24 PM   #12
Neptune calls me "Daddy"
Grand Slam
 
jim t's Avatar
 
Join Date: Sep 2007
Posts: 8,983
Default RE: cash only in 2010? seriously?

I always have $10.00 or more in my pocket... another $20 stashed in the car.

Just in case somebody only takes cash.

Jim
__________________
Always buy rope with cash...
jim t is offline   Reply With Quote Quick reply to this message
Old 03-09-2010, 11:10 PM   #13
Senior Member
Mingo
 
Shankopotamus's Avatar
 
Join Date: Apr 2009
Location: Pace, FL
Posts: 170
Default RE: cash only in 2010? seriously?

I can see both sides of it..i personally use my debit card most of the time but I can see the company not wanting to have to cover the 3 percent...some companies like to keep it simple and old school..like my boss wont get direct deposit for us bc it cost extra, yet he pays for stamps year round..Figure that one out for me? :doh
__________________
- Shanks
Shankopotamus is offline   Reply With Quote Quick reply to this message
Old 03-09-2010, 11:29 PM   #14
Senior Member
White Marlin
 
Play'N Hooky Too's Avatar
 
Join Date: Sep 2007
Location: LA (Lower Alabama)
Posts: 3,070
Default RE: cash only in 2010? seriously?

It's always a good idea to carry cash in case you need to buy a dimebag, hire a low rent hooker, get a special deal on a trunk full of Penn80W's, orplan to conduct business withsome of the other fine establishments that don't take plastic.oke

Personally, I perfer to "pay at the pump".:letsdrink
__________________
The only thing that ever works on an old boat is the owner.
Play'N Hooky Too is offline   Reply With Quote Quick reply to this message
Old 03-09-2010, 11:32 PM   #15
Senior Member
Mingo
 
Shankopotamus's Avatar
 
Join Date: Apr 2009
Location: Pace, FL
Posts: 170
Default RE: cash only in 2010? seriously?

Quote:
alanbarck (3/9/2010)It's always a good idea to carry cash in case you need to buy a dimebag, hire a low rent hooker, get a special deal on a trunk full of Penn80W's, orplan to conduct business withsome of the other fine establishments that don't take plastic.oke

Personally, I perfer to "pay at the pump".:letsdrink


Hahaha...Funny stuff!
__________________
- Shanks
Shankopotamus is offline   Reply With Quote Quick reply to this message
Old 03-10-2010, 12:14 AM   #16
Senior Member
Grouper
 
Join Date: Oct 2007
Posts: 1,051
Default RE: cash only in 2010? seriously?

I have no problem with a cash only restaurant. I want food, they want money so we trade. No reason to bring other parties into the transaction. I think it is dumb to not carry any cash so I keep some on me all the time.
DreamWeaver21 is offline   Reply With Quote Quick reply to this message
Old 03-10-2010, 01:35 AM   #17
Senior Member
Grouper
 
Join Date: Sep 2007
Posts: 1,089
Default RE: cash only in 2010? seriously?

Dude credit card fees will eat you alive...Here is a standard small business scenario for a credit card machine

1. A credit card machine company is going to charge their client 20-50 bucks a month for a terminal rent on that machine.

2. They charge 10 bucks a month for a processing bill fee so that they can send you the bill on paper.

3. a credit transaction is .21 cent swipe fee and 1.9 to 2.9% of the total bill for Visa and MC....a whopping 3.9% plus a membership fee for American Express and a "Bend you over" fee on Discover at 5% PLUS!

4. A debit transaction is a plain .21 swipe fee

5. all this is what it costs to have the card in your hand with signature...If you haave to call in the number over the phone the fees go up

6. jspooney I agree with almost 99% if what you post on this forum...I have a question for you...you are a clergyman correct? When is the last time you saw a church take credit cards or debit cards on Sunday morning offering plates? I dont agree with you not supporting a business because of the SMART decision they made to avoid credit cards. MY business refuses to accept them and I have not lost a single customer because of it. I do however take checks without any problems and I am glad that I dont have that added expense.

I agree with those above that say that you will see it more and more. I forgot to mention how hard it is to get a machine for a small business if you have bad or no personal credit. I do agree with you in regards to a paper trail or rather an easy way to keep up with your expenses.

I had heard of a few restaurants recently that was making the servers share the expense of the credit transaction. So about .75% or 1.2% of their gratuity was being hit for the fee along with taxes etc. I always try to tip in cash when I can. also do a small business a favor by insisting on using your pin (debit) for transactions over about 30 bucks
badazzchef is offline   Reply With Quote Quick reply to this message
Old 03-10-2010, 02:01 AM   #18
Senior Member
Grand Slam
 
Join Date: Oct 2007
Location: Gulf Breeze
Posts: 12,111
Default RE: cash only in 2010? seriously?

Quote:
badazzchef (3/10/2010)Dude credit card fees will eat you alive...Here is a standard small business scenario for a credit card machine



1. A credit card machine company is going to charge their client 20-50 bucks a month for a terminal rent on that machine.



2. They charge 10 bucks a month for a processing bill fee so that they can send you the bill on paper.



3. a credit transaction is .21 cent swipe fee and 1.9 to 2.9% of the total bill for Visa and MC....a whopping 3.9% plus a membership fee for American Express and a "Bend you over" fee on Discover at 5% PLUS!



4. A debit transaction is a plain .21 swipe fee



5. all this is what it costs to have the card in your hand with signature...If you haave to call in the number over the phone the fees go up



6. jspooney I agree with almost 99% if what you post on this forum...I have a question for you...you are a clergyman correct? When is the last time you saw a church take credit cards or debit cards on Sunday morning offering plates? I dont agree with you not supporting a business because of the SMART decision they made to avoid credit cards. MY business refuses to accept them and I have not lost a single customer because of it. I do however take checks without any problems and I am glad that I dont have that added expense.



I agree with those above that say that you will see it more and more. I forgot to mention how hard it is to get a machine for a small business if you have bad or no personal credit. I do agree with you in regards to a paper trail or rather an easy way to keep up with your expenses.



I had heard of a few restaurants recently that was making the servers share the expense of the credit transaction. So about .75% or 1.2% of their gratuity was being hit for the fee along with taxes etc. I always try to tip in cash when I can. also do a small business a favor by insisting on using your pin (debit) for transactions over about 30 bucks


You are correct, I am a clergyman. I have actually read about churches putting ATM machines in the front of the sanctuary and have seen many that do receive tithes and offering through direct deposit, paypal, credit cards, etc. We do not do those things but it is not because of the fees, it is because we don't push money all the time and because I think it somewhat cheapens the act of worship through giving (could be debated, but maybe for another thread.) I have run a small business in the mall and I own a t-shirt printing company now. I don't take credit cards now, but in the mall I had to or I would have lost too many sales. I know the fees are there, and I don't like it because credit card companies...well, don't get me started. My point is simply that some businesses are gonna lose more than they will gain by not taking cards. For instance, this place lost a $50 sale today. This one sale would have covered the monthly charge, rental fee, etc, and would have probably meant a return visit if it was as good as everyone says it is. They may say, we don't lose any customers because of our policy, but they don't have a way to measure the lost customers if they never see them. I found their cash only policy on their website.



Please do not mis-understand me, I am not boycotting a cash only place. I'm just saying that I won't eat there because I can't...I don't usually carry cash. I think I am the norm rather than the exception. But I was wrong one time last year so maybe I am wrong again.
jspooney is offline   Reply With Quote Quick reply to this message
Old 03-10-2010, 06:40 AM   #19
Senior Member
Grand Slam
 
sealark's Avatar
 
Join Date: Sep 2007
Location: Pensacola, Sherman Cove Marina
Posts: 8,717
Default RE: cash only in 2010? seriously?

I'll tell you why I use a credit card for everything. I pay my credit card off every monthe. I do keep cash in my pocket when the need for it comes up. After a year and a half I cashed my reward points in and got $700.00 cashcredited to my account. Besides if you pay with cash in any resturant that takes credit cards you are also paying for the credit card fees it's all figured into there prices.
__________________
I Dont know where I'm going but I damn sure know where i've been
sealark is offline   Reply With Quote Quick reply to this message
Old 03-10-2010, 08:01 AM   #20
Senior Member
Sailfish
 
sosmarine's Avatar
 
Join Date: Sep 2007
Location: Navarre/Town Center
Posts: 2,101
Default RE: cash only in 2010? seriously?

Been in businees for 14 years and until last week I did not take credit cards. The only reason I decided to start now is because I expect the cracked blocks to start coming and people wont have that kind of cash to spend on the repair. Thanks to a PFF member, I got on line with reasonable rates and no contract.
sosmarine is offline   Reply With Quote Quick reply to this message
Reply

Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Pensacola Fishing Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:
How Did You Find Us?
Tell us how you heard about Pensacola Fishing Forum.

Log-in



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off




All times are GMT -4. The time now is 07:11 AM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0 RC 2
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.