Status of Everything Attachments

[Eagle1]

I never use cash anymore other than for purchases of $20 or less. If a business wants to charge me extra, I will patronize someone else. It’s becoming rare that they try to charge extra for credit cards. I pay my bill every month and don’t carry a balance.

OH but you are, everyone has to cover the extra costs of CC transactions. Why would a business set a lower profit margin?
Every business has to cover their expenses and pay the bills. Most just make an extra ~3% more on cash sales but they sure as heck are not taking a hit to their margin.
Bottom line is that every CC transaction is sending 3% cut to the bankers of the world, just wait for digital money and then even the allowance for your kids will sent 3% to the bankers or the government.

 

[shooterdon]

I never use cash anymore other than for purchases of $20 or less. If a business wants to charge me extra, I will patronize someone else. It’s becoming rare that they try to charge extra for credit cards. I pay my bill every month and don’t carry a balance.

Almost every local (non chain) restaurant charges to use a CC in my area.

 

[jyoutz]

Almost every local (non chain) restaurant charges to use a CC in my area.

I don’t know any business and especially not restaurants in my area that does that.

 

[Eagle1]

We tried surcharge but people don't like it, so we just raised nightly rates....

 

[airbiscuit]

I've talked with some businesses who figure the cc card fee is just a cost of doing business, increases sales, streamlines the accounting, and protects from dealing with bad checks.

Not a total wash, but it also doesn't bother them that much,

 

[jyoutz]

OH but you are, everyone has to cover the extra costs of CC transactions. Why would a business set a lower profit margin?
Every business has to cover their expenses and pay the bills. Most just make an extra ~3% more on cash sales but they sure as heck are not taking a hit to their margin.
Bottom line is that every CC transaction is sending 3% cut to the bankers of the world, just wait for digital money and then even the allowance for your kids will sent 3% to the bankers or the government.

Just saying that CC usage is standard practice at almost all businesses and it’s rare that I’ve had one want to charge additional fees. I’m sure it occurs, but I have only rarely encountered that at a few small mom and pop businesses.

 

[MossRoad]

Ya'll are running out of sticks to beat this dead horse?

Beating Sticks | Chestnut & Ash Beating Sticks

Quality beating sticks made from quality chestnut and ash. Plain and unique engraved chestnut staffs with various designs available. A great gift idea!

www.cherrytreecountryclothing.com

 

[MoKelly]

We tried surcharge but people don't like it, so we just raised nightly rates....

^^ This exactly.

Anyone who thinks businesses don’t charge to cover credit card fees (either overtly or baked into prices) has never owned a business.

Milton Friedman said it a long time ago —- there is no such thing as a free lunch.

 

[MossRoad]

I don’t know any business and especially not restaurants in my area that does that.

Many locally owned restaurants around here do that. So do a lot of flea markets and antique shops.

 

[Eagle1]

I've talked with some businesses who figure the cc card fee is just a cost of doing business, increases sales, streamlines the accounting, and protects from dealing with bad checks.

Not a total wash, but it also doesn't bother them that much,

Maybe they saved enough to keep prices but every business has to cover their costs with gross income or you won't be open long no matter how good or cheap their are. Raise a cost of doing business, prices have to go up or something has to be cut. Ask the fast food industry (not subway) in CA.