Quote:
Originally Posted by jimbo2012
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Now they say they don't take credit cards!
Red flag, they have no credit personally, if they did any bank would give them a merchant account.
So if they can't take a credit card they are not IMO really doing biz as a biz. .........
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jimbo, perhaps you're speaking just of businesses in the TV area. However, if you're speaking of any business in general..........then let me offer a counter-point:
I own and operate my own small business and have for over 10 years. A
very small business - just me, no employees.
- I don't accept credit cards. I have excellent credit.
- My business is set up as an LLC. It is registered with the Sec'y of State in OH, the Department of Taxation (for sales tax reporting purposes as well as for having a vendor's number), the Public Utilities Commission, and probably a few other entities as well. I have a federal tax ID for the business. I have two bank accounts for the business as well as two credit cards. My business is legit - it is a 'real' business.
The reason I consciously chose from Day One to not accept credit cards is that the transaction fees cut too deeply into my bottom line. I've not found the 'No Credit Cards' to be a hindrance - people ask if I take plastic, I politely tell them "No, I don't - just cash only, please". I've never had anybody turn and walk away.
I don't disagree that some people/businesses might fit your statements.........but not all of them do.
Bill