4 ms·

>I don't totally understand the economics of how those work in NYC. Just sheer density and throughput? People like bodegas, they are everywhere and like someon

>I don't totally understand the economics of how those work in NYC. Just sheer density and throughput? People like bodegas, they are everywhere and like someone else said: tax evasion. Bodegas love cash, and you learn to carry it otherwise you are going to have to meet a $5 - $10 min (which they aren't supposed to be doing, but do)

pedantsamaritan 6y ago
> which they aren't supposed to be doing What is restricting them now? I knew it used to be part of the merchant-network agreement, and based on my quick searching that was due to US federal law. Then Dodd-Frank changed it to allow minimums up to $10 [0][1][2] [0]: https://www.creditcards.com/credit-card-news/merchant-minimum_purchase-credit-debit-1585/ https://www.creditcards.com/credit-card-news/merchant-minimu... [1]: https://www.creditcards.com/credit-card-news/merchants-who-violate-credit-card-terms-1275/ https://www.creditcards.com/credit-card-news/merchants-who-v... [2]: https://usa.visa.com/dam/VCOM/download/merchants/minimum-transactions-credit-card.pdf https://usa.visa.com/dam/VCOM/download/merchants/minimum-tra...