re: These restaurants that charge a 5% non cash fee is BS

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tells them before they order.

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I’m less annoyed when this happens. At least she is upfront and it’s not a gotcha.

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sometimes the card is fraudulent, and is charged back

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Happens less and less these days but it still happens yes

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cash may or may not be reported on da taxes

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Finally some truth.

The rise of extra CC fees times perfectly with the increase in 1099-K reporting.

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plus vendor pays the “cash back” or rewards fee as well.

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100 percent inaccurate.

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And when they batch out there may not be limit left and the charge doesn’t process.

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Do you understand how authorizations work?

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My bank charges me 4.5% on a transaction (they recently went up,

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Do you also buy your checks from your bank?

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BS. I have a square POS for a nonprofit, we have Square POS and we pay 2.6% plus 10 cents.

That 10 cents equals 1 percent on a $10 transaction.

So unless your wife is accepting a bunch of $5 credit card charges, it’s not even 4%, much less 5.

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On top of that, mastercard doesn't let you charge more than 4% for credit card purchases.

I think what people miss is that this sort of thing is a sign of shady behavior. It's not about the money. It's the "I wonder what other bullshite they do back there in the kitchen?" vibe.

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I assume processing fees have gone up as I see this more and more around Louisiana. Always noticed cash options in Texas.

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It hasn’t.


Margins are getting squeezed with ingredient and labor costs.

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Presumably "muh COVID", but why?

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Happened before COVID.

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but why?

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Don't recall. Cash buyers were subsidizing CC users since pricing was the same, so perhaps as merchant fees went up, merchants revolted and gained the ability to charge the difference to CC users to recover those costs, instead of being uncompetitive with cash users/pricing.

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If you're not providing the totals for both types of transactions (I've seen some that do), I find it kind of annoying

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I agree with that.

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The rates are negotiable

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Yes.

Obama "reforms" to protect credit card holders.

It's all spun as unicorns and gumdrops, but there are always marketplace reactions to regulatory changes, for valid economic reasons. That's what this is. TINSTAFL (There is no such thing as a free lunch.)

Saying the business is trying to skim money is borderline idiocy. Management reconciles the till (theoretically), and being so motivated to hide $800 of income a week through 50 cents here or there. This isn't a server writing a 50 cent fee by hand on a check and pocketing the money.

I'll post this again on page six when nobody reads it.

Well, first off the private business can do whatever the hell it wants. You don't have to go there

Secondly, I'd rather them charge extra for those that use cards leaving the option for cheaper with cash than raise prices across the board even for those who use cash

You literally admit that you arent sure or not if you were charged a non-cash fee when paying cash. You didnt. We all use a separate credit card reader than what our actual POS system tickets are when someone does pay cash. So if you get the bill and hand over a credit card to pay with, it will be run through a separate reader that will add the 5% charge, (mine is 3%). Do you have any idea how expensive it is for a business with credit card processing fees? It’s drastic. There has been a shift over the last 10 years where everyone is paying with a card and people rarely pay with cash. This has hurt the bottomline tremendously to an service industry establishment. You have the option to never pay a fee by just paying cash for your bill, but most people accept the fee and pay with a card because of convenience.