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Food, Cooking, and Restaurants
Reply to "Cash or check only restaurants "
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[quote=Anonymous][quote][b]Cookin the books along with the bacon…[/b] No, it isn't. It's the surcharge that the credit card companies charge back to the business. This is why you will often be offered a 10% discount if you pay by cash or check. Every business loses at least 10% off the top when they accept credit cards.[/quote] Nope. Those fees are part of doing business and factored into pricing of services. A cash only business means you can’t trace the money coming in daily. The fees are also not 10%. Try 1.5-3% https://www.bankrate.com/finance/credit-cards/merchants-guide-to-credit-card-processing-fees/[/quote]
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