|
Off Topic Off Topic - General non-Corvette related discussion. |
|
Share | Thread Tools | Search this Thread |
09-23-2022, 12:56pm | #1 | ||||||
A Real Barner
Join Date: Dec 2011
Location: Down the Shore,New Jersey Elev.3 feet.
Posts: 18,686
Thanks: 4,608
Thanked 11,062 Times in 5,173 Posts
Gameroom Barn Bucks: $1007997
|
Non cash use fee.....
When businesses open up and take credit cards along with cash as payment they agreed up front to pay the fee associated with the credit card use. Same with debit cards.......fast forward to "covid" ....businesses didn't want to touch cash because depending on what day it was the covid cooties were transmitted in various ways.
Don't you think it's wrong to charge this fee when it's considered to be a "cost of business" expense ? |
||||||
09-23-2022, 1:00pm | #2 | ||||||
A Real Barner
Join Date: Mar 2019
Location: Montgomery, AL
Posts: 12,751
Thanks: 5,290
Thanked 14,839 Times in 5,888 Posts
Gameroom Barn Bucks: $1014987
|
I think there should be a discount for cash.
|
||||||
09-23-2022, 1:08pm | #3 | ||||||
A Real Barner
Join Date: Apr 2019
Location: North Carolina
Posts: 17,379
Thanks: 4,960
Thanked 23,992 Times in 9,974 Posts
Gameroom Barn Bucks: $315482
|
Credit card fees cost businesses alot of money... American express is the highest IIRC.
|
||||||
09-23-2022, 1:13pm | #4 | ||||||
A Real Barner
Join Date: Dec 2011
Location: Down the Shore,New Jersey Elev.3 feet.
Posts: 18,686
Thanks: 4,608
Thanked 11,062 Times in 5,173 Posts
Gameroom Barn Bucks: $1007997
|
Then the other option is to be a cash only business ....I have gone to restaurants that will not accept Amex for that reason. When I was a partner in the company we did take credit cards.....rare it was but when we did we paid the fee.
|
||||||
09-23-2022, 2:21pm | #5 | ||||||
Charter Member
Barn Stall Owner #5 Barn Raising I,II,III,IV NCM Supporter '11,'12,'13,'14,'16,'17,'19,'20,'21 Bantayan Kids '13
Join Date: Oct 2009
Location: Republic of Texas
Posts: 18,814
Thanks: 6,105
Thanked 5,437 Times in 2,936 Posts
Gameroom Barn Bucks: $2173478
|
At this point cash may be more expensive for a business to receive. It’s more likely to be stolen/lost, then has to be deposited to the bank in order to make any bill payments.
|
||||||
The Following User Says Thank You to Stangkiller For This Useful Post: |
09-23-2022, 5:49pm | #6 | |||||||
Vette Barn Crew
Join Date: Dec 2019
Location: CFPR&C Refugee Standing Outside the Quick Stop
Posts: 697
Thanks: 181
Thanked 581 Times in 257 Posts
Gameroom Barn Bucks: $884
|
Quote:
|
|||||||
09-23-2022, 5:54pm | #7 | ||||||
Barn Stall Owner #1120
NCM Supporter '20,'21
Join Date: Jan 2016
Location: La Isla de Ira
Posts: 17,701
Thanks: 3,899
Thanked 18,678 Times in 8,266 Posts
Gameroom Barn Bucks: $1030760
|
Actually they simply jack up all their prices by 3% to cover the processing fees, In effect the people who pay cash are subsidizing the people who use credit cards. This is why I always pay with a credit card, pay it off in full every month, and collect all the cash back rewards.
|
||||||
09-23-2022, 6:04pm | #8 | ||||||
A Real Barner
Join Date: Feb 2011
Location: GA
Posts: 19,015
Thanks: 9,674
Thanked 7,050 Times in 3,110 Posts
Gameroom Barn Bucks: $46272
|
I don't know if the rest. or biz is actually making a profit from CC?
I know they pay a fee to whatever company processes the CC transactions. |
||||||
09-23-2022, 6:56pm | #9 | ||||||
A Real Barner
Join Date: Dec 2011
Location: Down the Shore,New Jersey Elev.3 feet.
Posts: 18,686
Thanks: 4,608
Thanked 11,062 Times in 5,173 Posts
Gameroom Barn Bucks: $1007997
|
|
||||||
09-23-2022, 7:14pm | #10 | |||||||
Barn Stall Owner #74
Barn Raising II Bantayan Kids '13,'17
Join Date: Jan 2011
Location: On an island somewhere
Posts: 23,676
Thanks: 3,832
Thanked 14,879 Times in 6,565 Posts
Gameroom Barn Bucks: $10393746
|
Quote:
|
|||||||
The Following User Says Thank You to 99 pewtercoupe For This Useful Post: |
09-23-2022, 8:42pm | #11 | ||||||
Barn Stall Owner #103
Join Date: Feb 2017
Location: North Cackalaky
Posts: 25,617
Thanks: 11,954
Thanked 31,481 Times in 10,920 Posts
Gameroom Barn Bucks: $108939
|
|
||||||
09-23-2022, 10:40pm | #12 | |||||||
Barn Stall Owner #112
Join Date: Apr 2022
Location: Content provider
Posts: 16,976
Thanks: 6,715
Thanked 4,684 Times in 2,755 Posts
Gameroom Barn Bucks: $500
|
Quote:
Try and match that with cash transactions: taking to the bank, cashier's time, loss percentage... |
|||||||
09-24-2022, 5:44am | #13 | ||||||
A Real Barner
Join Date: Jul 2022
Posts: 3,882
Thanks: 607
Thanked 3,676 Times in 1,650 Posts
Gameroom Barn Bucks: $500
|
I have boat mechanics, tree trimmers, pressure wash guys, pest control people, etc.. that routinely work around my house; none of them balk at cash, all of them give me a discount for it....
With 87,000 new IRS agents and this adminstration wanting to track every $600 transaction I think cash will be around for a LONG time... |
||||||
09-24-2022, 7:51am | #14 | ||||||
A Real Barner
Join Date: Dec 2011
Location: Down the Shore,New Jersey Elev.3 feet.
Posts: 18,686
Thanks: 4,608
Thanked 11,062 Times in 5,173 Posts
Gameroom Barn Bucks: $1007997
|
If for instance every diner raised the price of everything by ten cents,I bet hardly anyone would blink an eye and not bitch.....they would probably make more then with the charge that upsets most people.
|
||||||
09-24-2022, 8:06am | #15 | ||||||
A Real Barner
Join Date: Dec 2011
Location: Down the Shore,New Jersey Elev.3 feet.
Posts: 18,686
Thanks: 4,608
Thanked 11,062 Times in 5,173 Posts
Gameroom Barn Bucks: $1007997
|
|
||||||
09-24-2022, 8:16am | #16 | ||||||
Latin American Goat Roper
Barn Stall Owner #101 Bantayan Kids '13
Join Date: Nov 2009
Location: Orange Park Florida
Posts: 60,808
Thanks: 32,963
Thanked 11,581 Times in 5,713 Posts
Gameroom Barn Bucks: $1138393
|
|
||||||
09-24-2022, 8:44am | #17 | ||||||
Barn Stall Owner #112
Join Date: Apr 2022
Location: Content provider
Posts: 16,976
Thanks: 6,715
Thanked 4,684 Times in 2,755 Posts
Gameroom Barn Bucks: $500
|
This. All a waiter has to do is not go to the cash register. Pocket the cash, thank the customer and reset the table.
|
||||||
09-24-2022, 10:20am | #18 | ||||||
Barn Stall Owner #421
Join Date: Sep 2021
Location: Those satisfactions are permanent
Posts: 14,936
Thanks: 6,232
Thanked 7,874 Times in 3,889 Posts
Gameroom Barn Bucks: $500
|
Do you think the waiter drives a big block?
|
||||||
09-24-2022, 10:31am | #19 | |||||||
Barn Stall Owner #1120
NCM Supporter '20,'21
Join Date: Jan 2016
Location: La Isla de Ira
Posts: 17,701
Thanks: 3,899
Thanked 18,678 Times in 8,266 Posts
Gameroom Barn Bucks: $1030760
|
Quote:
Governments around the world are working hard to introduce digital currencies controlled by their respective central banks. When paper money is replaced by a digital currency every single transaction, no matter how small, is automatically tracked and logged. Governments are creaming their jeans over that kind of control. |
|||||||
09-24-2022, 11:06am | #20 | ||||||
A Real Barner
Join Date: Apr 2019
Location: North Carolina
Posts: 17,379
Thanks: 4,960
Thanked 23,992 Times in 9,974 Posts
Gameroom Barn Bucks: $315482
|
Great so when the choice is eat or pay 250k in medical bills you starve as it'll be automatically taken for bills first. Hasn't there been a bunch of sci-fi horror movies about this type of control...
|
||||||
|
|
Support the Barn: |
Download the Mobile App; |
Follow us on Facebook: |
||