Travelling last week and I was surprised by the number of CASH ONLY places. Is card processing getting more difficult for small business?
I have not been traveling, but I usually get an eye roll when I pull out cash. Few places will take a $50, even though it is the new $20. I would be fine for cash only, except for getting gas, I do not want to go inside and wait. I would even be ok to round off to the nearest dollar, or nearest quarter or nearest anything besides a penny.?ÿ
Probably avoiding the tracking of their money. PPP loans encumbered the user's in interesting ways.
My speculation.
Now now,,,,,,I was thinking the same thing.?ÿ
I've had a couple of recent invoice payments come in with cash. The look you get at the bank with a roll of bills adding up to $5000 or so is very interesting. Didn't used to be that way.
I saw the opposite when going to a ballgame.?ÿ Zero cash in the stadium allowed, either CC or their ballpark card thing.
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ANymore, I would rather just put it on a card, as long as their machine is quick enough.?ÿ Pop the chip in, 5 sec, pop it out. Easier then watching them try to figure out how to count change.?ÿ Tips are always in cash though - to help out the servers.
I figure the bigger the business the smoother the card transaction. I was also surprised by the number of shops that required a signature for a card, usually anymore it's slide in the chip, wait a few seconds and go.?ÿ
My bottom line is that if they don't want my cash, they don't really want my business.
A nearby grocery store had to run for about a month without the ability to take any kind of card.?ÿ That was their poorest month for gross sales.?ÿ That told me a great deal about the majority of their customers.?ÿ There was too long of a period in my life when I was one of those customers.?ÿ Then I got rid of my credit cards.?ÿ Problem solved.
I would even be ok to round off to the nearest dollar
acorns.com
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What about: this note is legal tender for all debts, public and private
I would think they would have to take it; or convince the government to take this note off of our notes...
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I'd only be comfortable at the dime level.?ÿ I notice a trend for restaurants to quote prices in tenths. That threw me the first time I saw it.
My family owned a Subway store for a time. Naturally we took both cards and cash. The bank charged 4% on each card transaction. That is their cut. That is how the bank makes money on the service. That stung a bit, but we never lost a dollar of debit card transaction money in any of the 2 dozen times the store was held up, and no employee ever pocketed a single dollar of debit card transaction money. We never had to transport debit card money to the bank. We would have been very happy to have gone 100% card and then there wouldn't have been any "float" money in the till to be stolen.?ÿ?ÿ
When you stop and think about it, when you put a tip on a cc, who is getting a chunk of that tip??ÿ
Tipping is a good thing to do with cash.
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Amen.?ÿ When I tip it's always cash and handed to them personally.
PS - You ought to see the excellent service I get at the local cafe.?ÿ ?ÿI even get a free piece of pie every now and again. ;)?ÿ ?ÿ
