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I was in Sweden last week and this caught me by surprise. A significant number of the restaurants and shops I visited had signs indicating cash only. I'm used
by ben1040 9y ago
I was in Sweden last week and this caught me by surprise. A significant number of the restaurants and shops I visited had signs indicating cash only.
I'm used to the US pattern where businesses prefer cash, to the point of refusing to accept any cards at all, because processing fees cut into their margins.
- ams6110 9y agoIt's also comparatively easy to accept cash off the books, which makes it tax-free.
- ben1040 9y agoI'm 99% sure that's why my favorite bar refuses to take cards. OTOH they had a break-in and someone walked off with their safe that had like a week's worth of cash revenue in it. Almost put them under. You'd think they'd consider taking cards after that to reduce their risk, but nope.
- raymondh 9y agoThe legitimate reason not to accept credit cards is to avoid the substantial processing fees.