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That's still a thing in Canada and the US in various places, generally "mom and pop" run business. Credit card fees for small orgs are like 1-2% so for a small
by red-iron-pine 3y ago
That's still a thing in Canada and the US in various places, generally "mom and pop" run business.
Credit card fees for small orgs are like 1-2% so for a small biz that could pinch. Cash also lets you, uh, "fudge" your numbers for tax purposes.
- i80and 3y agoThere's a good sushi place near me that gives a 10% discount for cash. I'm fascinated by this. (I still use a card because life is short)
- Tijdreiziger 3y agoThat may just be good old-fashioned tax evasion. (If you pay cash, the business owner can just pocket the money without ever recording the transaction. For digital payments, this is much harder to do undetected.)
- lupire 3y agoIt's tax evasion.
- 725686 3y agoFirst comment I see that addresses this. This is a big part of accepting and paying cash. Tax evation. From both sides.
- photonbeam 3y agoUnrecorded cash payment makes it much easier to pay undocumented staff
- deleted 3y ago[deleted]
- JosephGuerra 3y agoYeah I often see small print on the fuel cost per gallon as "cash price" .. I assume this happens mostly on low-margin products.
- bonzini 3y agoWhere I live there's a mom and pop (well, mom and daughter) shop that sells relatively expensive clothes. They stopped accepting Amex because fees were too high, yet they basically apply a 5-10% discount by default if you spend enough...