Establishments that only take cash - Page 4 - TigerDroppings.com

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nikinik
LSU Fan
Mid City
Member since Jan 2009
5430 posts

re: Establishments that only take cash


I feel the exact same way you do.





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nikki6
New Orleans Saints Fan
Dallas
Member since Jul 2011
1782 posts

re: Establishments that only take cash


I know a small bar owner who stopped taking credit cards b/c of the fees. He whined that he couldnt afford them. He promptly installed an ATM machine that charged $3.00 to use. It wasn't a bank affiliated ATM. It was my understanding that the bar owner supplied the ATM with the cash. Not sure what the fee was for the company that owned the ATM. So, $3.00 to use it, then you get hit with another $1.50 from your bank for using an out of network ATM.
The patrons bitched, the bar owner didn't care. He lost a ton of business. Finally he switched back to taking credit cards, but it was too late. He went out of business.
I hate places that are cash only. I never carry cash and don't feel that I should have to make a special trip to the ATM. I just go somewhere else.






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bdevill
LSU Fan
Baton Rouge, LA
Member since Mar 2008
8671 posts

re: Establishments that only take cash


quote:

a small bar owner who stopped taking credit cards


It's not a good practice to use a credit card at a bar..

But again.. to each his own.



This post was edited on 11/30 at 10:48 am


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notiger1997
Member since May 2009
22661 posts
 Online 

re: Establishments that only take cash


quote:

It's not a good practice to use a credit card at a bar..


I agree in some cases, but not every bar is a college aged place or a crazy night club.

I visit my neighborhood bars 2 or 3 times a week and use credit cards 100% of the time.






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bdevill
LSU Fan
Baton Rouge, LA
Member since Mar 2008
8671 posts

re: Establishments that only take cash



I'm wasn't even thinking about a college age place or a crazy night club.. Any bar is a bad idea.






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TigahRag
Texas A&M Fan
Sorting Out OT BS Since 2005
Member since May 2005
128519 posts

re: Establishments that only take cash


it's not a good idea to open a tab at a crowded bar that you have no control over on a credit card .. i agree ..





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notiger1997
Member since May 2009
22661 posts
 Online 

re: Establishments that only take cash


quote:

Any bar is a bad idea


Why? I'm thinking you may be young and not have alot of experience with different kinds of bars or something.

I stop at a place after work. Usually 5-10 people there. Know the bartenders. After I'm done drinking, they give me a receipt. I review, then hand them my card. I pay. I get points.

What is the problem again?



This post was edited on 11/30 at 11:11 am


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bdevill
LSU Fan
Baton Rouge, LA
Member since Mar 2008
8671 posts

re: Establishments that only take cash



If you're in a situation where you know the people, you're a regular etc.. It's not the same.. (I'm not young by the way, and have indeed been to quite a few bars..) But in a crowded situation, a number of things could happen with your credit or debit cards. No matter how old you are you should know this. It's very easy for example, for you to run a tab on your card and then have another patron be handed your credit or debit card that looks exactly like theirs and walk out with your card.. Things like this happen all the time. It's also possible for additional charges to be applied to a card, unwittingly or not. There's plenty scenarios that can occur and I'm not going to list and argue the points of each one.. I just use cash at a bar and don't worry about it.. but like I said.. to each his own.






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LSUAfro
LSU Fan
Baton Rouge
Member since Aug 2005
10299 posts

re: Establishments that only take cash


quote:

Posted by nwacajun you have no clue what you are talking about

go on....






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TFTC
LSU Fan
New Orleans, LA
Member since May 2010
11531 posts
 Online 

re: Establishments that only take cash


I understand it's a business choice, but average check goes up when you allow customers to use credit/debit. In many cases, it can off set the fees...






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bdevill
LSU Fan
Baton Rouge, LA
Member since Mar 2008
8671 posts

re: Establishments that only take cash


quote:

average check goes up when you allow customers to use credit/debit


Which is altogether another reason I use cash only at a bar..






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Queen
LSU Fan
383 miles from Death Valley
Member since Nov 2009
2759 posts

re: Establishments that only take cash


quote:

you pay between 2 and 3% on individual VISA, Master Card, and Discover swipes .. and between 3 and 4% of AMEX swipes to your credit card processor plus about a .35 per day close fee


Serious question, isn't this changing because of the new credit card reform act? That it would be $0.21 per transaction - which is great if you're selling a $1000 TV, but much more than it used to be for a $5 burger.

I can't remember where I originally read that, but here's a link that sort of touches on it: LINK






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WNCTiger
LSU Fan
Member since Aug 2006
2883 posts

re: Establishments that only take cash


As a merchant and a customer, I really like it.

F**k the banks and their parasitic skimming on the entire economy.

My company spends a ~$1M/yr in CC transaction fees. For what? Work? GMAFB.

You know those reward credit cards? You know who pays for those rewards? Not the CC company -- rather, it's the merchant who pays an extra fee at the time of transaction.

Black Card has the highest transaction fee of all (~5% per First Data). In fact the higher the customer's credit limit, the higher the fee.

If you give a crap about local merchants, use cash.

I always use CC at Walmart and other large chains though. Screw them. The world would be a much better place without Walmart. Period.

And the .Gov hates cash because it can be used without their knowledge and therefore could theoretically be spent without them and their owners (banks) getting a piece. Frickin A! They take enough of my hard earned money as it is before I even get it.

Cash. Is. King.

Money Talks. Bullshott walks.









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bdevill
LSU Fan
Baton Rouge, LA
Member since Mar 2008
8671 posts

re: Establishments that only take cash


quote:

Cash. Is. King.








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TROLA
LSU Fan
BATON ROUGE
Member since Apr 2004
6302 posts

re: Establishments that only take cash


quote:

My company spends a ~$1M/yr in CC transaction fees. For what? Work? GMAFB.


I think people miss the point here.. Without Credit Cards, the proliferation of spending within our country would nose dive. We live on credit as a society and CC companies provide the service and risk to all the continued spending.. I don't own a restaurant but I do pay 60k a year in processing fees to credit cards companies and I'm thankful every month when they take out their cut.

What many business don't realize is how negotiable the rate can be especially with high volume.






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TimeAndTide
LSU Fan
The Promised Land
Member since Jun 2009
788 posts

re: Establishments that only take cash


quote:

If you give a crap about local merchants, use cash. I always use CC at Walmart and other large chains though. Screw them. The world would be a much better place without Walmart. Period.


My sentiments exactly. But if you really feel that way about WalMart, you need to stop going there. It can be done. Really.






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joeleblanc
Member since Jan 2012
796 posts

re: Establishments that only take cash


quote:

Thats the difference between a town and a city. Unless the poboy place is so much better than the competition, I don't want to stop at the bank to get cash. I can find any number of places that will not require me to stop and get cash

Town of 122k.

Old Tyme Grocery...i'd say he has a good business..Just celebrated 30 years...cash/check only..






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bdevill
LSU Fan
Baton Rouge, LA
Member since Mar 2008
8671 posts

re: Establishments that only take cash


quote:

Old Tyme Grocery


It's mostly places like smaller local businesses that you'll drop less than $25 (that I'm aware of) that do cash only.. A restaurant with a $50 to $200 price point is less likely to be cash only.






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notiger1997
Member since May 2009
22661 posts
 Online 

re: Establishments that only take cash


quote:

If you give a crap about local merchants, use cash.


Nah. I show I give a crap about local merchants by dining or shopping at their places. I try to avoid national chains for both restaurants and grocery stores most of the time.

You will accept my credit card or I will take my business elsewhere. It's really pretty simple.






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glassman
USA Fan
Next to the beer taps at Finn's
Member since Oct 2008
97651 posts
 Online 

re: Establishments that only take cash


quote:

Cash. Is. King.


Yep. I use cards for 3 things. Hotels, air fare and rental cars while travelling. That is it. Cash for everything else.






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