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re: Restaurants charging 4% for using credit card
Posted on 3/19/22 at 6:42 pm to ForeverLSU02
Posted on 3/19/22 at 6:42 pm to ForeverLSU02
Buds Broiler over on Canal Blvd explains you get a discount for cash and explains why on the sign by the cash register
Posted on 3/19/22 at 6:43 pm to lsujag
Log Cabin didn't charge extra. Got my order wrong though.
Posted on 3/19/22 at 6:44 pm to lsujag
Began seeing this in Lafayette a lot pre Covid
Posted on 3/19/22 at 6:47 pm to vl100butch
Are people really frequenting restaurants and bars so much that they are having to worry about 3-4% transaction fees? shite, I only go to restaurants and vars when I'm traveling.
Posted on 3/19/22 at 6:52 pm to Spankum
Great idea. It's obvious a service issue. Guess the waitress at Waffle House can expect less tip from you. That will show them.
Posted on 3/19/22 at 7:09 pm to LSUJML
quote:
My parents always tip in cash
No clue how or why they would know this but said the fee gets taken out the servers tip if it’s done on a card
No one in our family has ever worked in a restaurant so not sure who told them that
They bought the ole line that lets waiters get away without paying their fair share of taxes like the rest of us.
Yes, they lose 2%, but you are up charged for that 2% already.
Posted on 3/19/22 at 7:10 pm to lsujag
I'm seeing more of it but still not common.
It really annoys me. But I'm also annoyed with mandatory tipping, paying servers crap wages, etc.
Just make your price on the menu high enough to pay your employees, pay your overhead, and make a profit. Don't nickel and dime me when I'm trying to pay my bill.
It's a good way to annoy your customers. When they don't come back, hope it was worth it.
It really annoys me. But I'm also annoyed with mandatory tipping, paying servers crap wages, etc.
Just make your price on the menu high enough to pay your employees, pay your overhead, and make a profit. Don't nickel and dime me when I'm trying to pay my bill.
It's a good way to annoy your customers. When they don't come back, hope it was worth it.
Posted on 3/19/22 at 7:10 pm to lsujag
Trashy. There's probably also tax fraud going on there.
Posted on 3/19/22 at 7:14 pm to Wipe Out
quote:
Right! Punish the server who has NOTHING to do with the policy.
They chose to work there. They are part of the company. A service company.
Posted on 3/19/22 at 7:15 pm to lsujag
B&M locations are probably paying less than 1% in total processing fees. I averaged under 1% with my business on my B&M transactions. Online was higher but our processor always charged us B&M rates on our online stuff because we would have a few hundred thousand at our location and maybe a few thousand online. Now some small places might not take the time to shop around rates and find a good processor, but that isn't the customers fault. It is pretty much lazy to show this to your customer, what you should be doing is counting is as an expense and marking it up behind the scenes.
Posted on 3/19/22 at 7:22 pm to armsdealer
Legally you have to show it to the customer and within the next 5 years every bar and restaurant will do this. Generally you pay between 2.5-3% when it's all said and done normally. So if you do $1 million in sales you are paying $25-30k a year plus in processing. What's going on now is the processing companies have bought and/or teamed up with point of sale register companies. They come in and tell you if you charge the 4% to your customers not only will you not pay a dime in fees anymore but they will also give you all your register equipment free and give you a signing bonus of several thousand dollars. In turn the processing companies come behind your 4% and charge 3.8% in processing fees. It will be everywhere soon bc as soon as a few dominoes in an area fall everyone will do it. It's too good of a deal to pass up especially for anyone starting a new business that can not have to pony up for new POS systems and terminals. Legally you have to post a sign advertising a Cash Discount.
Posted on 3/19/22 at 7:27 pm to Spankum
quote:
Thanks for the notice….looks like the tip gets cut by 5% when using a credit card from now on.
Go to the same place often enough and you might just end up with 5% more bodily fluids in your food.
Posted on 3/19/22 at 7:32 pm to lsujag
Obviously it’s been a “thing” for a while. Do you expect the business to accept a 4% fee on all customers who don’t pay cash? Wouldn’t be good for business. Should they have (& may have) stated it on the menu? Yes.
Posted on 3/19/22 at 7:35 pm to lsujag
When I got out 4% on my bill is not going to kill me. I go out to eat to relax, enjoy myself, and have a great meal.
Posted on 3/19/22 at 7:37 pm to Spankum
quote:
Thanks for the notice….looks like the tip gets cut by 5% when using a credit card from now on
Yep. I cut the tip. I know it’s not the server’s fault but they can take that issue up with the owners.
Posted on 3/19/22 at 8:06 pm to lsujag
Been a thing around here and not just restaurants. Our vet started adding it when cc:dc are used maybe 18 months ago. He told me what they pay in fees for cards and it was A LOT. wish I could remember the amount but there wasn’t a way for them to absorb it anymore.
I just pay cash when I’m there and many places like restaurants.
I just pay cash when I’m there and many places like restaurants.
Posted on 3/19/22 at 8:14 pm to lsujag
quote:
Went to a local restaurant to eat lunch. Glanced when I put my cc down. Noticed the total was in the 60’s. Didn’t pay that much attention to it. When she brought me back the cc slip to sign, when I went to leave the tip it was in the 70’s. Asked her and she showed me in small print a 4% charge for all non-cash payments. When did this become a thing? I go out to eat all the time, rarely do I look closely at the bill. Only reason I noticed it this time is the first number changed.
This makes me think I should probably go cash only. Go to the ATM for a couple hundo when I need it. I feel like seeing cash leaving my hand may make me more frugal/respectful of dollars spent in the long run.
The CC feels like free money. A problem for another day. Not financially healthy.
Posted on 3/19/22 at 8:21 pm to lsujag
It’s probably because I believe Visa up there percentage that they charge for every swipe.
I get 4% back on everything I spend on the crypto of my choice and honestly there’s one that I’m looking at in particular, it’s like a new payment rail system that’s going to replace visa and MasterCard and American Express and it pretty much doesn’t charge the business and it almost eliminates fraud completely but it’s a long ways off.
I get 4% back on everything I spend on the crypto of my choice and honestly there’s one that I’m looking at in particular, it’s like a new payment rail system that’s going to replace visa and MasterCard and American Express and it pretty much doesn’t charge the business and it almost eliminates fraud completely but it’s a long ways off.
Posted on 3/19/22 at 8:22 pm to notiger1997
ok
This post was edited on 3/20/22 at 10:44 pm
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