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I wonder how much more expensive credit cards actually are? Cash costs money/time to handle and deposit, it's easily stolen, and easy to commit fraud with (like
by Rebelgecko 6y ago
I wonder how much more expensive credit cards actually are? Cash costs money/time to handle and deposit, it's easily stolen, and easy to commit fraud with (like the classic move where a drive thru employee pockets the cash from a sale without ringing it up)
- toast0 6y agoThe computerization of order taking and kitchen tickets would seem to make it harder to charge a customer without ringing it up? I know you could cancel it in the system, but that's gotta be counted somewhere where a manager is going to see it eventually?
- eru 6y agoDepends on how much you can trust your employees.
- paranoidrobot 6y agoOne issue I know smaller retailers sometimes have is that it can take a long time to get cleared funds into their account. One small cafe near a place I used to work said it usually took 30-60 days for funds to clear into their account after a card transaction. That, for them, was a major problem as it meant that they couldn't then pay their suppliers in a timely manner when cashflow was highly variable. Then again, a bakery I visited that was in a small town said they'd stopped taking cash, as they got robbed some huge number of times.