10 ms·
Quite a few bars, and restaurants in the Mission, are cash-only.
by estro 8y ago
Quite a few bars, and restaurants in the Mission, are cash-only.
- cal5k 8y agoThis has nothing to do with lack of technology adoption and everything to do with avoiding taxes.
- paulie_a 8y agoAnd transaction fees
- seanmcdirmid 8y agoAre they really worried about the CC fee on $15 drink?
- paulie_a 8y agoYes absolutely, if they care about profit margins.
- seanmcdirmid 8y agoBut not if they cared about sales volume. That is just really dumb for an expensive impulse buy like alcohol. Even McDonalds can afford to take CCs these days.
- paulie_a 8y agoThat's not how cc fees works. McDonald's does such volume they pay a lot less. A nice restaurant selling those more expensive drinks does a lot less volume. So they pay more. and in the restaurant business margins like that matter. Upwards of 6.5 percent is a decent margin to lose.