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re: Establishments that only take cash

Posted on 12/3/12 at 8:11 am to
Posted by TigahRag
Sorting Out OT BS Since 2005
Member since May 2005
132775 posts
Posted on 12/3/12 at 8:11 am to
exactly .. it's not really that much .. you just add about 3.5% to your margin to cover any credit card they could whip out .. then, if they pay cash or check, you just made an extra 3.5% .. i don't think people realize this is what virtually everyone that takes cards does with their bottom line .. you pull out cash .. they fricking LOVE you !
Posted by yellowfin
Coastal Bar
Member since May 2006
97805 posts
Posted on 12/3/12 at 8:57 am to
quote:

then, if they pay cash or check, you just made an extra 3.5% .


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