3 ms·
And yet, when last did you get a 3-4% discount when paying cash? I remember that from the 90s and 00s. In fact, I have seen some small places ask a 3-4% surcha
by beAbU 3y ago
And yet, when last did you get a 3-4% discount when paying cash? I remember that from the 90s and 00s.
In fact, I have seen some small places ask a 3-4% surcharge for cash payments, because banks don't process cash for free any more.
- fullspectrumdev 3y agoA lot of places around here charge a bit less for cash payments.
- j7ake 3y agoCash only restaurants are often 10-20 percent cheaper than comparable restaurants.
- jusssi 3y agoThat would be because at least some of the cash bypasses the cash register and the tax report. Edit: alternatively they might not have same profitability requirement as other restaurants, because a cash-only restaurant is perfect front for money laundering.
- ghaff 3y agoAnd they're probably just not comparable restaurants on average.
- SoftTalker 3y agoMy barber only takes cash. $18 for a standard haircut.
- progbits 3y agoThat's not because of card fees but because of taxes. They can underreport their cash income, but can't do that if the bank and card processor are involved.
- thebruce87m 3y agoHad some fun with the thought of a “Standard Haircut”: https://chat.openai.com/share/cd2948ce-2285-4491-b58f-877abb04e994 https://chat.openai.com/share/cd2948ce-2285-4491-b58f-877abb...
- Workaccount2 3y agoI have never seen a place with extra fees for cash. However I know many small shops that give discounts for cash or only take cash for small purchases.
- thuuuomas 3y agoEvery gas station in my area offers a lower cash price.
- ImJamal 3y agoI'm guessing it could be because when you pay cash you go into the store which causes people to buy stuff and they more than make up the cost.