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Small businesses pay a lot in cc fees. I am happy when they give me the fee back as discount. One restaurant I frequent its 4%. Imagine losing 4% on all revenue
by asdff 3y ago
Small businesses pay a lot in cc fees. I am happy when they give me the fee back as discount. One restaurant I frequent its 4%. Imagine losing 4% on all revenue just to be a participant, what a sham, its like being taxed by the mafia.
It's also interesting how you see more knowledge on making it work with cash in communities where its common to have small businesses, like working class immigrant communities. A greasy spoon burger joint in socal might be open for decades, no marketing budget, cash payments, interior is what it is when it opened, word of mouth and line of sight customer base, no website.
Meanwhile you have these "modern" hip restaurants that might have no paper menus nor tableservice let alone not take cash, have impressive marketing and social media operations, big grand openings, an entire merch line, brewery partnership, all this fanfare, complexity and overhead, just because that's what all these sort of restaurants tend to do. Then they tend to fail in like 2 years because its hard to sustain this costly model even if they are ostensibly bringing in customers and good reviews. As they say, the flame that burns twice as bright burns half as long.
- SoftTalker 3y agoYep, exactly the places I am thinking of. Chinese place in an unimpressive storefront, dining room looks like it's furnished from an institutional cafeteria surplus auction, menu is handwritten on posterboard and pinned up on the wall. No website, no online orders, no delivery. The food is really good though.