Which is why offering to pay in cash often gets you a discount.CardsofSTL wrote:Maybe in Chicago and some of the other big cities. Local shops love cash. I bet my barber only claims about a third of his actual business.
No cash restaurants
- Radbird
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Re: No cash restaurants
- Secret Weapon
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Re: No cash restaurants
If you bring in a million in revenue, thats 30 grand in credit card fees right off the top
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Re: No cash restaurants
On the other hand, if your shop is busy during something like lunch it take more time to process customers. Additionally, with cash you increase the chances of employee theft and you have to pay someone to count the money.Secret Weapon wrote:If you bring in a million in revenue, thats 30 grand in credit card fees right off the top
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Re: No cash restaurants
Which is the point in NYC where a lot of that is happening. The credit card fees must be worth it to get rid of the theft and overhead.Michael wrote:On the other hand, if your shop is busy during something like lunch it take more time to process customers. Additionally, with cash you increase the chances of employee theft and you have to pay someone to count the money.Secret Weapon wrote:If you bring in a million in revenue, thats 30 grand in credit card fees right off the top
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Re: No cash restaurants
Also they were offered $10k by CC companies to go cashless according to the article.
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Re: No cash restaurants
That too.haltz wrote:Also they were offered $10k by CC companies to go cashless according to the article.
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Re: No cash restaurants
Michael wrote:On the other hand, if your shop is busy during something like lunch it take more time to process customers. Additionally, with cash you increase the chances of employee theft and you have to pay someone to count the money.Secret Weapon wrote:If you bring in a million in revenue, thats 30 grand in credit card fees right off the top
Cashless department stores would put Willie and Marcus out of business.
I started to go the 'lack of cash for an armed robber route' and decided to make a Bad Santa reference for those (everybody most likely) who didn't get it.