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Message
1
Posted on 3/4/09 at 9:53 pm to LSUDad
the food is not bad... service is ok at best... thing i don't like is they have a thank us for letting you come here instead of being appreciative of you biz. The owner walks around with this I own this place attitude! Unless he know you hes a dick...
Posted on 3/5/09 at 10:27 am to Will Cover
quote:
no longer take Credit Cards
How can a restaurant owner be this dumb?
he kinda has no choice for now, will ... back in august his POP system got compromised and a bunch of us started getting $400 to $500 charges at a wal mart in chicago ... it amounted to about $15K worth of fraud ... well, the credit company went back and yanked this money out of george's checking account and royally fricked him up ... the processor's position was that since he was using a third party with online processing, they weren't responsible for the fraud, he was ... he basically is "black balled" right now ..
Posted on 3/5/09 at 10:29 am to Old Smokey
quote:
On the Half Shell doesn't take them any more, either. They have an ATM, and they take checks. Interesting. Will they still come out ahead with no credit card fees to pay and with some bounced checks?
it's easier to hide sales and manipulate your gross revenue figures when you only take cash and checks .. credit cards = a paper trail ..
that being said, you have to take cards ..
Posted on 3/5/09 at 11:22 am to TigahRag
They don't have credit cards because their POS system provider was hacked, this happened to several restaurants on the same system. VISA/MC wants a shite load of money to pay off the claims and they won't give it to them, I wouldn't either. So they are screwed.
Posted on 3/5/09 at 11:22 am to TigahRag
quote:
he kinda has no choice for now, will ... back in august his POP system got compromised and a bunch of us started getting $400 to $500 charges at a wal mart in chicago ... it amounted to about $15K worth of fraud ... well, the credit company went back and yanked this money out of george's checking account and royally fricked him up ... the processor's position was that since he was using a third party with online processing, they weren't responsible for the fraud, he was ... he basically is "black balled" right now ..
Just a excuse not to have to pay CC processing fee... I know that happen but there are ton of Card processing company's just start a new bank acct... besides his beef is with the company that installed has security on his network... the dudes is a big time arse... just be honest... pokey dose not take CC's and nobody has a problem with it because he is honest and says he does not want to pay the fees
This post was edited on 3/5/09 at 11:25 am
Posted on 3/5/09 at 11:34 am to andouille
quote:
They don't have credit cards because their POS system provider was hacked, this happened to several restaurants on the same system. VISA/MC wants a shite load of money to pay off the claims and they won't give it to them, I wouldn't either. So they are screwed.
i think they actually wanted the $15K back and tied up a lot of money in his checking account and eventually got a lot of it ..
Posted on 3/5/09 at 11:35 am to WhippingBoy
quote:
Just a excuse not to have to pay CC processing fee... I know that happen but there are ton of Card processing company's just start a new bank acct... besides his beef is with the company that installed has security on his network... the dudes is a big time arse... just be honest... pokey dose not take CC's and nobody has a problem with it because he is honest and says he does not want to pay the fees
no, it was an actual incident, and if you were in his shoes, you would be thinking about it a lot differently ..
Posted on 3/5/09 at 1:10 pm to TigahRag
quote:
back in august his POP system got compromised and a bunch of us started getting $400 to $500 charges at a wal mart in chicago ...
Was he using Heartland?
quote:
he basically is "black balled" right now ..
Maybe, but they do have other credit card merchant services out there.
Posted on 3/5/09 at 1:51 pm to Will Cover
will .. i think it was heartland if memory serves ... as far as the "black ball" is concerned, i am pretty sure that literally was a VISA thing, not processor related ... regardless, it hurts his business .. he will deduct the $6 transaction fee off of your bill if you use the ATM in there ... but it is hard to patronize a place that just takes cash ... i hardly ever have a lot of cash on me, use my debit card for everything, and really don't like using those little off-the-beaten-path ATMs ..
Posted on 3/5/09 at 2:01 pm to TigahRag
quote:
i think it was heartland if memory serves
Heartland had a breach a few months back, no doubt about it.
I am actually partnered with a credit card processing company and have talked with several restaurant owners who had security issues with Heartland.
quote:blah blah blah
Card Processor Admits to Large Data Breach
A large credit card processing company was breached in an attack late last year that may have compromised more than 100 million accounts.
Heartland Payment Services, which processes debit and credit card transactions for 250,000 businesses, said it first learned around late October that it might have been hacked, but wasn't able to determine that its system had indeed been breached until last week.
Heartland discovered malware on its system that allowed thieves to sniff unencrypted card data as transactions were being authorized in Heartland's system. The thieves captured card account numbers and expiration dates and, in 20 percent of cases, the customer's name as well.
The company, which is based in New Jersey, did not know how long the sniffer was in its system or how many card accounts might have been compromised, although the company's web site indicates that it processes about 100 million transactions a month.
I use a local community bank here in town, and like you, I rarely carry cash, mostly because I am broke and married, but that's for another story ... anyway, I hate when I get charged $2.50 to $3.00 to take out cash on $20.00 ... what a rip ...
Posted on 3/5/09 at 2:01 pm to TigahRag
quote:
getting $400 to $500 charges at a wal mart in chicago ...
Bunch of Democrats?
Posted on 3/5/09 at 2:13 pm to Martini
quote:
Bunch of Democrats?
the address was in south chicago and they bought them a 27" flat screen ..
Posted on 3/5/09 at 2:13 pm to Martini
It has a LOT to do with not reporting CASH so you don't have near the TAXES... Can't lie about credit card charges!!!
Posted on 3/5/09 at 2:14 pm to TigahRag
Posted on 3/5/09 at 2:15 pm to Will Cover
quote:
anyway, I hate when I get charged $2.50 to $3.00 to take out cash on $20.00 ... what a rip ...
exactly .. then to compensate for this you feel like you need to pull $100 out of the machine since you are being charged either way .. then, you have $100 in your pocket that you will spend a lot faster than you would day to day on a debit card ..
Posted on 3/5/09 at 2:17 pm to WhippingBoy
quote:
It has a LOT to do with not reporting CASH so you don't have near the TAXES... Can't lie about credit card charges!!!
yeah, exactly .. i used to eat lunch at a place that used to be at airline and florida called carlos' ... if you paid cash, they wouldn't charge you sales tax .. but if you had to write a check or pay with a credit card they had to charge you sales tax ... i marveled at how open they were about this ..
Posted on 3/5/09 at 2:20 pm to TigahRag
Lot of joints in New Orleans accept cash only. I'm sure it has something to do with taxes but he did take a pop as did On the Half Shell and what the hell. Why go through that again? The cash only tax savings doesn't necesarily cover the loss of credit card income.
Posted on 3/5/09 at 2:25 pm to Martini
yeah .. basically, the merchant is paying anywhere from 1.45 to 1.7% on visa and master card swipe sales with a .29 transaction fee per ticket ... AMEX runs a little closer to 3% i think ... but on a $60 ticket .. maybe $1.31 is coming off the top ... that's not that much ... you have to take credit cards .. you are just cutting yourself off to a market that is easily in the majority ..
Posted on 3/5/09 at 2:30 pm to TigahRag
quote:
yeah .. basically, the merchant is paying anywhere from 1.45 to 1.7% on visa and master card swipe sales with a .29 transaction fee per ticket ... AMEX runs a little closer to 3% i think ... but on a $60 ticket .. maybe $1.31 is coming off the top ... that's not that much ... you have to take credit cards .. you are just cutting yourself off to a market that is easily in the majority ..
I just think the loss of business would be more than the tax savings. I mean no matter what he still has to show income. Hell taking credit cards actually is better since you can show that as income and pocket the cash.
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