Quote:
Originally Posted by blackmonsters
I can accept cash without paying any fees.
And if fees didn't mean much to merchants then they wouldn't have minimum CC purchase amount posted at the register.
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Fees are a huge deal to merchants. Most don't realize how much those transaction fees start stacking up.
It's easy to see why many local businesses prefer cash. May they be skirting taxes? Sure, absolutely possible and also plausible. But saving fees of 2-4% per transaction by taking cash, hell yeah they want that.
We have a popular liquor chain here that gives 5% off for cash or debit. (Debit is cheaper than credit.)
I've been doing cash more myself mainly because it's faster. Waiting for someone to swipe, sign, acknowledge a card, bleh.