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Old 09-09-2011, 01:36 AM   #51
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wait, dude are you really complaining that they only accept cash, yet you can hardly spell well enough to put together a legible post....i dont think you have a leg to stand on, chief
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Old 09-09-2011, 12:30 PM   #52
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Originally Posted by jspooney View Post
Yes but guess what....your good ole American dollar could be turned off at the flip of a switch just as easily. In fact, I predict it will. A George Washington is already far less valued than it was just a few years ago. Many countries who used to take the USD won't even accept it any more. Try buying something in India or China with a Dollar bill. It won't happen. Some places in Mexico won't even take it any more. That should tell us something.
I'm not in those countries and have not heard the dollar being stripped out of circulation anywhere in this country.

I can get through a checkout line faster with a dollar than you can with plastic.

One thing I will agree with you on. With plastic, the Gov. will be able to round you up faster when that time comes.
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Old 09-09-2011, 02:07 PM   #53
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Originally Posted by flappininthebreeze View Post
Good on ya for getting something back I guess, but please understand that the $700 did not come from the credit card company like they want you to think. Merchants pay a higher fee for accepting cards that have rewards programs, like cash back. You can thank all the businesses you did business with over the year for the $700, NOT your credit card company. Your airline miles, cash back, rewards points and gas discounts all came out of some business man's pocket. That's why cash only is a good thing. It makes the transaction fair.
i already did thank them - by giving them my money to begin with. if they don't wanna pay the fees, and they wanna lose out on all the business they would have had becasue of a few hundred dollars in fees, then let 'em. lose thousands to save hundreds?? i can't understand a business not accepting plastic these days. i will absolutely go somewhere else because i'm not about to go to the bank or atm every other day to get cash to carry around. i guess there's some really important people out there that the gov't would actually care what they're doing or make an effort to track - i'm not one of them. at the risk of offending some people i have a lot of respect for, i'll say i think it's borderline paranoia to think you have to use cash all the time. for something like a private gun sale, yup, cash, no doubt (as opposed to a check more so than plastic obviously). but for everyday stuff, meals, etc - if you own a business, IMO a credit card fee should be lumped in with all the other costs of doing business. if you're struggling that bad, raise everything a few cents - we're not talking crazy numbers. a few hundred people a month spend an extra 40 or 50 cents on their meal and you're good. i'd rather spend 50 extra cents on food i like than go somewhere else because my first choice won't run my debit card. there's no way you're not losing out by limiting the ways you can accept payment.
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Old 09-09-2011, 02:22 PM   #54
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Lots of truck stops and even some local gas stations have had lower prices for cash paying customers for years. 3% of $400 fuel bills add up quick, even for a large supplier. The major problem for the fuel station owners is that the pay at the pump keeps people out of the gas stations where they may buy products. Not much $ made on fuel, especially after cc fees. I guess I am old school in that I always carry cash. I have 3 debit cards but only use them for online transactions. I am the only one at my office that refuses to have my check direct deposited. My coworkers think its wierd, but more than once I have scooped up deals from people because I had the green in my pocket and no one else did. I deposit my monthly check and retain the amount of cash I need. I even pay the water, electricity, phone, ect. bills in person with cash and save the reciepts. Nothing wrong with interacting with people instead of a computer screen. And before you assume that I am old geezer, I am an early 30's, college graduate.
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Old 09-09-2011, 03:07 PM   #55
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Originally Posted by Bonsaifishrman View Post
You are spot on, on this one. Got a letter the other day for a new type of fee charged if I do not go online and fill out a questionaire. The outside of the envelope said in a big red block "Rate Decrease Notification" Inside it said that I was going to be charged an annual compliance fee of $45 but if I do not meet the compliance then the fee is $75. If I do not go online and take a SAQ (whatever that is) then I will be charged a $15.95 monthly non compliance fee for that. No where did they mention in any written detail how I was getting a rate decrease, but in fact could be paying hundreds of dollars more for non compliance. Non compliance to what? Their, I gotta have mo of yo money thinking?

Then today I get another notice of a $4.95 monthly fee for an IRS mandate (IRS 6050W), part of new regulatory requirement in relation to my merchant account. Assesed in order to implement and manage the processes needed to meet the new requirements. Sounds to me it is a fee for IRS spyware on my transactions.

I'm thinking I might have to add a surcharge to all charge outs and a discount for all cash. 3% up and down.

I would be curious of anyones opinion of this?
..that most people will not tolerate an up-charge without creating some kind of ill will...However , everyone seems to appreciate a discount, even if you have to "earn" it by using cash.
Most people don't consider an add'l cost of 3% to be that great ,until they realize that they are the ones paying it...
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Old 09-09-2011, 03:32 PM   #56
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I rarely carry cash. I like the convenience of not having to go to a bank. I am sure when people went from trading chickens for services to money for services there were a lot of people that refused to sell you something unless you brought them a chicken.

I will not avoid a cash only place but if I don't have it and I walk to up a store that only accepts it, I will go to a new store rather than an ATM and then back to the old store. Especially since I might have to pay $2, 3 or even 5 to pull out $20.

Lots of places may discount the 3% for cash, but many will not. If I'm gonna pay the 3% anyway I might as well get the convenience.
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Old 09-09-2011, 07:00 PM   #57
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I decided after some thought and help from members comments, that 3% up and down is not a good idea and would take to much time at the til to calculate or train an employee to calculate. I also do not like the .50 cent add on either for the ill will as suggested by another member. I guess, I will bite the bullet until I need to raise the prices by, as suggested, a small margin markup, across the menu to absord the cost of changes being pressured onto businesses accepting plastic as payment. Thanks all for the further imput.

I agree with some on one thing though. Cash is king and will always be in my book. Plastic is "convenient regulation" and in my book regulation is loss of freedom through control. A cashless (no cash) society will be easy to regulate and control. To me it is amazing, the rapid expanding rate of regulation and control going on in our society, right now.
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Last edited by Bonsaifishrman; 09-09-2011 at 07:03 PM.
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Old 09-09-2011, 07:12 PM   #58
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Quote:
Originally Posted by Bonsaifishrman View Post
I decided after some thought and help from members comments, that 3% up and down is not a good idea and would take to much time at the til to calculate or train an employee to calculate. I also do not like the .50 cent add on either for the ill will as suggested by another member. I guess, I will bite the bullet until I need to raise the prices by, as suggested, a small margin markup, across the menu to absord the cost of changes being pressured onto businesses accepting plastic as payment. Thanks all for the further imput.

I agree with some on one thing though. Cash is king and will always be in my book. Plastic is "convenient regulation" and in my book regulation is loss of freedom through control. A cashless (no cash) society will be easy to regulate and control. To me it is amazing, the rapid expanding rate of regulation and control going on in our society, right now.
Have you seen greater than a 3%increase in your margin since accepting the cards? You might still have a lot of people avoiding for that reason. My guess it that more than 3% of your customers like using CC's. I would think vacationers today use a CC primarily.
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Old 09-10-2011, 02:37 PM   #59
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Originally Posted by sealark View Post
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 cash credited 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.
Wanted to bring up the point of where did that $700.00 cash credit come from? You? and the biz that you used your CC at. In the end, it is a zero sum game, you paid yourself $700.00 if you carry this out to a balance sheet assuming you can get a cash discount.

If a customer wishes to pay with a credit card or debit card we charge them the cost. Our prices and quotes are based on normal exchange of funds. We don't get many but when we do they bare the burden of the costs associated with their cards.
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