Anonymous wrote:They don’t make enough to afford the credit card mark ups - which are huge for small businesses.

This is it for us as a small farm that does farmers markets. We try to make it as easy as possible for people to pay at our tents, we have venmo, paypal, zelle, and a card reader, of course cash is also accepted. When someone pays with a card we pass the "swipe fee" on to the consumer - our reader company charges 3% and our bank charges another fee to accept the transaction into our account. Most people don't have a problem with the fee tacked on, but a few will then pay in cash. We report all income on our Schedule F, so, at least for us, it's not about tax evasion, but I'm sure others are not as honest as we are.

Anonymous wrote:Won't be around much longer. In UK and Europe, everything is paid by cards these days. Cash is rapidly dying out. Same is happening in US. I tried making an appointment for a hair cut at a recommended salon and was told cash only. I laughed and said forget it. Went elsewhere. Not running to an ATM just to get cash for a haircut! Sooner or later the holdouts are going to realize they lose more business being cash only.

You can get cash back with nearly any purchase, no need to go to ATM. Even if you pay for the service with cc, they often prefer or require tip to be in cash.

Won't be around much longer. In UK and Europe, everything is paid by cards these days. Cash is rapidly dying out. Same is happening in US. I tried making an appointment for a hair cut at a recommended salon and was told cash only. I laughed and said forget it. Went elsewhere. Not running to an ATM just to get cash for a haircut! Sooner or later the holdouts are going to realize they lose more business being cash only.

Tax fraud!

Anonymous wrote:

Anonymous wrote:They don’t make enough to afford the credit card mark ups - which are huge for small businesses.

For a company that only takes Visa and MasterCard, the fee is @ 2.5%. For a small business, they can just raise their prices.

For example, my nail salon gives a 2% discount for paying cash. (I’m reading this as that is the “real” price for a manicure and they raised the price 2% and posted the credit card cost.)

And my massage place gives a much deeper discount than 2.5% if you pay in cash… because they’re committing tax fraud.

Anonymous wrote:They don’t make enough to afford the credit card mark ups - which are huge for small businesses.

For a company that only takes Visa and MasterCard, the fee is @ 2.5%. For a small business, they can just raise their prices.

For example, my nail salon gives a 2% discount for paying cash. (I’m reading this as that is the “real” price for a manicure and they raised the price 2% and posted the credit card cost.)

They can't even say it's because credit costs so much. Cash actually has a lot of expenses- cash registers, Brinks trucks, etc.

It's tax fraud. The only places that should still take cash are coin operated machine places like laundromats.

They don’t make enough to afford the credit card mark ups - which are huge for small businesses.

I love So’s Your Mom but there’s no way that place is entirely above board.

Yeah probably tax fraud.

Tax fraud 100%. They are disgusting freeloaders.

Anonymous wrote:Super old person or they are hiding money

Lol this, so true and first part made me laugh

I assume tax fraud. Since I don’t carry cash it usually means I’m not buying.

Super old person or they are hiding money

Any still exist in the area? What's your take on them?