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Cash only business's

  • Gomer said...

    Obviously don't charge extra for apostrophes.

    No kidding. I came into the thread for the extra apostrophe. I stayed for the additional ones inside ("cut's" is just dynamite) and the equally incoherent responses from Mudjin.

    Achtung Baby

  • SoCal Spartan said...

    Even the hippies at our local farmers market accept cards. They've all got the fancy do-dad that works with iphones.

    farmers don't sell airplanes!

    Big Ten Referee

  • Mudjin harbor said...

    My business isn't a business that would have an ATM on site, people pay me with cash, or check.
    Large ticket stuff you generally/ never put on a card
    For arguements sake, let's just say I sell airplanes, why would I take, or why would anybody buy my planes with a card.... They wouldn't. Nor would they come in my hangar looking for an ATM, see my point

    You should at least take Amex black cards

    SagnastysFinest ●

  • Mudjin harbor said...

    My business isn't a business that would have an ATM on site, people pay me with cash, or check.
    Large ticket stuff you generally/ never put on a card
    For arguements sake, let's just say I sell airplanes, why would I take, or why would anybody buy my planes with a card.... They wouldn't. Nor would they come in my hangar looking for an ATM, see my point

    I'll have a G550, please. And make it to go. biggrin

    Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. - Groucho Marx

    tGreenWay ●

  • I hate posting on an I phone which decides on its own what you are trying to type

    Mudjin harbor

  • SoCal Spartan said...

    Even the hippies at our local farmers market accept cards. They've all got the fancy do-dad that works with iphones.

    For $1.99, they could upgrade to the fancy thingamajig.

    Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. - Groucho Marx

    tGreenWay ●

  • Mudjin harbor said...

    I hate posting on an I phone which decides on its own what you are trying to type

    Nope.

    Businesses.

    If you try to spell it with sss at the end it will stick an apostrophe in there for you though.

    Gomer

  • Gomer said...

    Nope.

    Businesses.

    If you try to spell it with sss at the end it will stick an apostrophe in there for you though.

    In fairness, he's not the one who did that.

    Achtung Baby

  • I thought it was common place for barbers to be be cash only. I've never been in a barbershop that accepted cards.

    signature image signature image signature image

    vcmarsh1

  • Achtung Baby said...

    In fairness, he's not the one who did that.

    My bad. I through a plus one at him =)

    Gomer

  • Mudjin harbor said...

    My business isn't a business that would have an ATM on site, people pay me with cash, or check.

    Who the hell uses a check anymore? lol

    signature image signature image signature image

    Snake Plissken ●

  • Probably 85% of my customers pay by check of one form or another. Sell a plane, bank check, personal check or rarely, cash

    Mudjin harbor

  • john winger said...

    or you could install an ATM machine onsite, which at least says that you are still providing the convenience of an ATM right there for their use. i didnt get as upset when there was an ATM onsite

    Unless that ATM charges a higher fee than any the customer would see elsewhere. (a restaurant near my house is like that. Cash only, $5 service fee for ATM)

    Businesses can take a card or not, i don't care. I'd like them to post on the door if they don't take it. It's a hell of a lot easier than expecting the customer to recognize whether or not there was a Visa/MC sign on the front or ask when they get in there.

    Sparty is our mascot, we are Spartans.

    ConQueso

  • The trend I've seen in NYC in the 10 years I've been here is toward a massive expansion in the number of businesses that take cards, and the removal of minimums for an increasing number of businesses that accept cards (and yes, having a minimum and/or charging a fee for using a credit card is a violation of both the Visa and MC service agreements, but I don't think they are ever enforced; I believe the agreements do allow businesses to offer a "cash discount" though).

    Especially with Square, LevelUp and a lot of other payment acceptance systems being rolled out, I am increasingly surprised by the small shops I'll go into that accept cards.

    However, I still operate under the default assumption that non-chain establishments won't accept card unless I know otherwise.

    voodoochile

  • Snake Plissken said...

    The Golden Harvest restaurant in north Lansing doesn't take cards. They do post a sign at the door though.

    And I have no problem giving them my business but I hope others chose not to due to their "inconvenience"

    Io Triumphe ●

  • Duke Silver said...

    neither would I if I new they were cash only. But once your hair is cut what do you do? Flip a shit and refuse to pay them?

    What, do you go to a new barber every time you get your hair cut?

    SeeGreen: "Ahhh.. whenever optimusprimal19 speaks, good things have happened."

    J T ●

  • Credit card fees just get passed along to the consumer. So while it might be convenient to use credit cards, you're certainly paying for it.

    And that wonderful 'cash back' we enjoy also just gets passed along as another hidden cost at the point of sale.

    I'm not dogging credit cards... I prob use them for 95% of my purchases, but it's important to note that you're certainly paying for the convenience factor.

    Green Tonic21351 ●

  • Square charges 2.75% per transaction and a refund is counted as a transaction.

    So you do $3000 in a day its about $82-$83 to them.

    Identity theft is still around. A customer's wife applied for a Kohl's charge to get an extra 10% off about 6 months ago and less than a week later they had multiple accounts being opened in the NYC areawith loan applications. Someone was selling applications. So they are back to using checks or their debit card. Cancelled everything except their Costco Amex.

    Simple credit card processing rates, no merchant account fees — Square

    Square takes the confusion out of credit card processing rates. Now pay a simple 2.75% to swipe any major credit card, with no merchant account fees.

    squareup.com

    GRR Spartan

  • tGreenWay said...

    I'm fairly sure it's a violation of the agreements with both Visa and MC to charge a below-minimum purchase fee. I understand why some would want to do it, but they could lose their machines.

    I think it is universal that placing a minimum on a credit card purchase is prohibited by the agreement the business signs with there processor.

    signature image

    *

    Jaheab

  • Knapp Donuts in Rochester only takes cash. I'm totally cool with that. I would pay them in drachmas if that's what they wanted.

    TNSpartan

  • Mudjin harbor said...

    Phil Mc Crackin News flash, if a small business such as mine thought it cost me money to not have a credit card machine, I would have one I thus far have been unable to justify the cost vs the reward of having it

    Mudjin Harbor Newsflash

    All cash business is another way of saying I avoid paying the full freight on sales taxes and I understate my income and profitability to the IRS. You may not do either of those but I immediately assume any all cash biz is skimming for all their worth.

    Either scenario certainly makes up for any lost sales from not taking CC. Please do not try to convince me that this is not a distinct advantage of going all cash. And if your thinking of trying, do you purchase stock for resale in cash also?

    Billy Dee

  • Green & Tonic said...

    Credit card fees just get passed along to the consumer. So while it might be convenient to use credit cards, you're certainly paying for it.

    And that wonderful 'cash back' we enjoy also just gets passed along as another hidden cost at the point of sale.

    I'm not dogging credit cards... I prob use them for 95% of my purchases, but it's important to note that you're certainly paying for the convenience factor.

    I think there are costs to a business to using cash and checks as well. Not that knowledgeable about retail/accounting, but I think there are fees the bank charges for processing, not to mention the amount of staff time required to manage large quantities of cash.

    Again, this is probably (partly) why you see differences between credit card acceptance at large stores vs. small business. If you are an owner/operator who pays yourself out of your business profits, it may be entirely worth it to spend an hour or two of your day managing your cash, going to the bank, etc., as compared to being a supermarket that maybe would have to hire an extra employee just to manage all the cash coming through.

    voodoochile

  • Billy Dee
    I will just say that incoming inventory and outgoing inventory is closely monitored, tracked and accountable such that there is no tax advantage to me based on how I do things.
    I choose not to use a credit card service simply because it would be more trouble than it's worth.
    I have enough going on to want to fool with something that won't make me money
    When I buy a plane, it's not fudgable what I paid for it.
    It isn't when I sell it either. The customer signs documents detailing what he paid that the authorities look at as well
    I simply have the customer bring me the money to pay for it rather than helping him in house on that front

    This post was edited by Mudjin harbor on 8/6/2012 at 9:49 PM

    Mudjin harbor

  • Those businesses that go cash only are usually saving up to buy a fax machine.

    EdMartinsLoan

  • OP, please learn how to use an apostrophe

    Thats Good D ●

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