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> Related, there's also the risk of being paid with counterfeit bills. Granted, there's also the risk of stolen credit cards being used, and the business is usu
by everforward 4y ago
> Related, there's also the risk of being paid with counterfeit bills. Granted, there's also the risk of stolen credit cards being used, and the business is usually forced to eat the cost of that. So this might turn out to be a wash (or perhaps, I suspect, this is actually worse with credit cards).
I'm curious if credit cards actually are worse. I haven't had anyone ask for my ID to use a credit card in a long while. My hypothesis is that stolen credit cards are used online frequently, but rarely in person. Likely because it's easier to steal 10,000 credit card numbers online than in person, and because people are more likely to notice and report a card stolen if it's physically missing.
- andirk 4y agoLetting people in to your store means they can steal stuff. Things that you sell can break. Windows are a hazard in your saloon. I have seen 1 single counterfeit USD in my life and i've worked plenty a register. I have seen innumerable amount of credit card fraud. There's pros and cons to all forms of currency, and not accepting cash does eliminate some of those cons but also its pros.