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LSUAfro
LSU Fan
Baton Rouge
Member since Aug 2005
11601 posts

re: Establishments that only take cash

quote:

My guess would be between 2-3, and that would put him around that 75K mark.

So I don't think that was b.s.



Yeah that would be more likely for total credit card fees. Not just MasterCard.

Oh and 2-3 in the restaurant biz...deserves a pat on the back too.

It is tough to see a company take 75k out of your pocket per year for credit cards though. But, it's almost impossible for most to live with out them. I wouldn't fathom opening one with out the option.
This post was edited on 11/28 at 3:18 pm


BRgetthenet
LSU Fan
Golf Board Smash Lab™ CEO
Member since Oct 2011
76977 posts
Online

re: Establishments that only take cash
quote:

total credit card fees. Not just MasterCard


I realized that after I posted.

I wanna say that Mastercard was the highest though.

It pisses him off is my point. I'd hate cutting that check too.


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tigerfoot
LA-Monroe Fan
Alexandria
Member since Sep 2006
21114 posts

re: Establishments that only take cash
75000 is around the fees on 2.5 mil or so in cc sales, I would imagine that cc sales are a large percentage of transactions.
This post was edited on 11/28 at 3:18 pm


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Degas
21876493 posts
Member since Jul 2010
7756 posts

re: Establishments that only take cash
quote:

snoball stand is one of the few I will still pay cash too
This, and some of the more suspect "ethnic" joints that either can't afford to mess with credit or are evading taxes, I expect to pay cash.

However, for a business as established as Jones Creek Cafe for instance, shame on them.


Politiceaux
LSU Fan
Member since Feb 2009
15890 posts

re: Establishments that only take cash
The business owner thinks that his customers will come anyway. Traditionally those owners are a bit older.

Pocorello's is a favorite of mine for instance. While I still go pretty often, I've passed it many times because I didn't have sufficient cash on me. I would have stopped in and purchased a number of things almost every time. Oh well I guess.


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LSUAfro
LSU Fan
Baton Rouge
Member since Aug 2005
11601 posts

re: Establishments that only take cash
quote:

However, for a business as established as Jones Creek Cafe for instance, shame on them.

I agree. I haven't been in some time, but if I remember correctly, at one point he wasn't charging ATM fees?


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Rouge
USA Fan
TD.com HOF Member - Class of 2014
Member since Oct 2004
101274 posts

re: Establishments that only take cash
quote:

or are evading taxes
ding ding ding


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timbo
LSU Fan
Red Stick, La.
Member since Dec 2011
3225 posts

re: Establishments that only take cash
quote:

However, for a business as established as Jones Creek Cafe for instance, shame on them.


Wasn't Jones Creek Cafe one of the businesses in Baton Rouge that was ripped off by an identity theft ring a few years ago? Some scammers got a bunch of credit card numbers from their registers. I used my debit card at another restaurant around that same time and someone stole my numbers and went on a shopping spree at a Wal-Mart in suburban Atlanta. That may be why they don't take credit cards anymore.
I was in San Francisco for my honeymoon a few weeks ago and I was amazed how many places there didn't take credit cards.


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nolanola
Member since Nov 2010
5204 posts

re: Establishments that only take cash
I pay Visa/MC/Discover/Amex 2.5-2.7% + .30 per transaction.


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TheIndulger
LSU Fan
Member since Sep 2011
13199 posts

re: Establishments that only take cash
I think it's fine. Can be slightly inconvenient, but it's not that hard to get some cash. People are way too spoiled with credit cards nowadays.


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hawkster
Member since Aug 2010
5099 posts

re: Establishments that only take cash
I'm sure that Pocorello will explain his reasoning to you in a polite and civilized manner.


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deerbutcher
LSU Fan
Raceland
Member since Aug 2008
45 posts

re: Establishments that only take cash
Not only does the credit card company charge the merchant a fee on the purchase, it also takes the fee from the total transaction, taxes which are not the merchants to keep just collect are also in the fee. Then it will take at least 3 days for the deposit to reach your checking account, so your money is tied up for a few days where cash can help buy supplies, or make payroll on time


DandyPimp
LSU Fan
New Orleans
Member since Jan 2007
806 posts

re: Establishments that only take cash
FWIW - I've heard that Mandina's sales increased by 20%+ when they started taking credit cards a few years ago.


LSUAfro
LSU Fan
Baton Rouge
Member since Aug 2005
11601 posts

re: Establishments that only take cash
I wouldn't doubt it.

Denying people the ability to put it on their company expense card would deter a lot of lunch and even dinner guests.

The restaurants that stay packed and are relatively small like a Fluer De Lis and Adolfo's don't care. They are on a wait all the time anyways. It has a limited ability to increase their revenues.


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Politiceaux
LSU Fan
Member since Feb 2009
15890 posts

re: Establishments that only take cash
quote:

FWIW - I've heard that Mandina's sales increased by 20%+ when they started taking credit cards a few years ago.
That's not hard to believe at all. I wouldn't mind the prices reflecting the increased charges.


bdevill
LSU Fan
Baton Rouge, LA
Member since Mar 2008
9031 posts

re: Establishments that only take cash

If you have to use a credit card to eat, you don't deserve to eat.



Politiceaux
LSU Fan
Member since Feb 2009
15890 posts

re: Establishments that only take cash
quote:

If you have to use a credit card to eat, you don't deserve to eat.
What? When I dine out, it's almost always on a personal debit card or one of my businesses' debit cards.


BottomlandBrew
LSU Fan
Member since Aug 2010
15643 posts
Online

re: Establishments that only take cash
quote:

If you have to use a credit card to eat, you don't deserve to eat.


I don't own a credit card, but I almost never have cash. I have what's called a Check Card. You might have heard about them. See, they're this card that is connected to your bank account and you can swipe it like a credit card and it pulls money out of your account. Crazy, I know, but it works.


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notiger1997
Member since May 2009
26052 posts

re: Establishments that only take cash
quote:

If you have to use a credit card to eat, you don't deserve to eat.




I buy pretty much everything with my credit cards. The rewards have worked very well for me.

Hate carrying cash.


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monz29
LSU Fan
Frisco, TX
Member since Dec 2006
694 posts

re: Establishments that only take cash
I personally hate this. I went to a place the other day and did not see this Cash Only sign until after I ordered. I had to run across the street to go to the ATM. I have not problem being prepared in the future, but that first time is a pain in the arse to find out.


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