Dtail
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I do sometimes if the restaurant was not recommended by anyone.Mee too!
I do sometimes if the restaurant was not recommended by anyone.Mee too!
Yes... the cost to handle cash is a lot higher than people might think.... and there are fees for processing checks... but not anywhere near what a CC charges...There is a term for the cost of collecting revenue but I don't recall what it is. Credit cards are actually pretty cheap. Checks, cash, mailed payments, etc. all have costs.
Me too, but only when travelling/new to me places.I sometimes look at reviews and the menu in advance.
Why are people are much less annoyed about cash discounts ? Aren't they essentially the same thing?I'm not sure why people are so steamed up about this. Credit card fees are a cost, so the only question is "who pays?" It seems logical to me that the person who benefits from using the card should be the one who pays. Same as believing that the person who wants french fries should be the one who pays for them.
From a numbers angle, that "tiny" credit card fee could easily take 25% or more of a small shop's net profit.
Another angle: My "wine guy" is sole owner and clerk at his well-curated shop. I like him and want to see him do well, so I always write him checks instead of using a card. The fees he pays (accommodating most customers) have a significant impact on his net.
Well for me it is adding hidden fees... I hate hidden fees...Why are people are much less annoyed about cash discounts ? Aren't they essentially the same thing?
Ask when you enter the restaurant and leave if they up charge for a credit card.
Let them know why you are leaving. This is the only way to change their thinking by hurting their sales.
Many years ago (before widespread use of CCs) I was working in a restaurant. At the end of the day we (manager and I (asst manager)) would count the money and balance the register. Then we put the cash in a bank bag and walked it over to the bank and dropped in the night deposit box. One night he was robbed on the way. Lost a large sum of money. Now, it was insured, but it was a major PITA to get repaid (no real proof), and there was a large deductible in order to keep the price down. So, I would say, over and above the costs previously mentioned, there is definitely a cost to handle cash. One robbery can wipe out an awful lot of credit card charges.As someone who once managed a retail store for a large well-know chain, handling cash is a big deal. It requires two people to count it, when the person with a gun comes in they go for the cash (not the credit card payments), and it tends to disappear (credit cards don't, they are "captured" by the credit card terminal). As for checks, they have bad check losses (which are greater as a percentage than disputed credit card sales). So I will have to disagree with you.
As for small businesses, I won't paint them all with the same brush, but I am sure that some like the way that cash can be left off of their taxable sales.
I would expect so if it's done with the CC.That leads to an interesting question... do they charge the 3% on the tip also
And what actual facts cause you to believe this?I believe that most restaurants that prefer cash or only accept cash are cheating on their taxes and/or laundering money.
Resturant owners I have known open admitted to me that they pocketed $100 cash every night.And what actual facts cause you to believe this?
I don't think it is fair to say most small businesses that deal in cash evade taxes, but they seem to do it at higher rates than other businesses because it is easier to accomplish. The IRS has in the past conducted studies on tax compliance and found that individuals/proprietors under-report business sourced income at a rate of about 50%, because there is substantially less monitoring and reporting in place for that income.And what actual facts cause you to believe this?
I expect a lot of the waiters/waitress prefer cash tips, for that reason.Resturant owners I have known open admitted to me that they pocketed $100 cash every night.