Quote:
Originally Posted by DAVES
This whole thing has gotten complex. Far as credit cards, according to a friend of mine who had a retail store, the contract you sign with the credit card company says you cannot offer a CASH discount. They gocha because few people have or use cash. There are places that will say, I will give you a discount of ???? % if you pay in CASH. Watch in the grocery, how few customers pay cash. I get my 1-2%. It is actually your own money coming back to you.
The stores add the credit card fees into what you buy. Underground UNTAXED economy, suitcase cash, I would expect it is far less than it used to be.
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I agree, but retail stores and restaurants benefit greatly by accepting credit cards. If they required cash, they would lose a lot of business. Credit cards are their friend.