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> I struggle a little to understand why more merchants don't get rid of them... Why is this a struggle? The reason is obvious. Most individual merchants have l
by clintonb 8y ago
> I struggle a little to understand why more merchants don't get rid of them...
Why is this a struggle? The reason is obvious. Most individual merchants have little, if any, bargaining power. Once you get big enough, you can negotiate lower rates, but you will almost always pay a percentage per transaction. Encouraging cash isn't necessarily a good thing.
Some customers (like me) like the convenience of paying with a card. If a merchant doesn't accept credit cards, I probably won't make a purchase since I rarely carry cash.
- ddingus 8y agoEncouraging cash is a great thing. I make sure to patronize and speak up about cash where I know the merchant will get the message.
- lathiat 8y agoIt may be a great thing for consumers, but it doesn't seem like a great thing for electronic transaction processors
- ddingus 8y agoPriorities. Mine are definitely aligned with ordinary people long before payment processors. Ever had bad things happen? I have. Cash counts then. Payment processors not so much. Now do not get me wrong. The processors are not doing anything wrong. I am not making a statement against them at all. Just not one for them. Not a priority, put simply.