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Reply to "Cash or check only restaurants "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Definitely tax evasion. Years ago, my former federal law enforcement agency executed a search warrant at the home of the owner of a well know cash-only Peruvian chicken restaurant. Kind of like the movie Sicario, they found millions in cash hidden behind the walls. [/quote] no it isn't. Checks can be traced. haven't you been recently offered 10% off for cash or check? It's to avoid the 10% fees on the credit cards now[/quote] There is no 10% fee for credit cards. Stop repeating it. [/quote] Read and learn about Merchant Fees. https://directpaynet.com/lower-credit-card-processing-fees/[/quote] So you didn’t read your own link? “Here is the range of average credit card processing fees per credit card network: Visa: 1.4% – 2.5% Mastercard: 1.5% – 2.6% Discover: 1.55% – 2.5% American Express: 2.3% – 3.5%” Idiot.[/quote] Moron… Maybe you missed all of the other ancillary fees charged by the company that provides those terminals charge ABOVE what the major credit card companies collect. My dentist does not have a card reader which accepts Google or Apple Pay nor can it process cards with RFID as a new terminal would cost them $2000. This is of course having already had to get a new terminal to accept the chip cards years ago. Moron![/quote] What kind of dentist can’t afford $2000?!?[/quote] Dentists that work on troll teeth since no one is being charged 10% on credit card transactions.[/quote]
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