Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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They ALL charge a fee including diners club. I worked in retail and the percentage rate the card companies charge depends on how much business the retail store does....the higher the sales, the less they are charged. American Express charged the most. MC and Visa were the least 1-2%. Sounds like these businesses are trying to re-coup extra income.
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#17
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#18
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Quote:
__________________
“Living is Easy with Eyes Closed” |
#19
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#20
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Cash helps the restaurant hide paying taxes.
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#21
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Considering they now “for our convenience” suggest a minimum tip of 18%, have increased the meal cost and in some cases reduced the meal quality and selection, might as well do more cooking at home.
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#22
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I went to a restaurant in Massachusetts that gave a 4% discount for paying with cash. Prices were the same as before they started offering the discount.
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#23
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Actually, the amount the merchant pays is based on a complicated formula that includes the type of business, the sales volume, the average transaction amount, and the type of credit card used for each transaction. If a high percentage of customers use a rewards card, then the merchant's fee will increase. Low transaction amounts can also increase the fee.
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#24
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The times are sure interesting.
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#25
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Yes, and since 2008, banks are required to report the credit card activity of businesses to the IRS.
Even the IRS has said that many restaurants significantly underreport their income, especially independent restaurants who don't need to report income to a franchiser. |
#26
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😂 😂 😂
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#27
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Doesn’t it make more sense for a restaurant to up their prices for a credit card on the menu then off a “discount” to cash customers. That makes them look “better”!
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#28
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Well Darrell’s Diner also has a “non cash” fee. We had a $22 breakfast bill with a $1.54 (7%) tax and then a $0.94 “fee”. Not a big thing. Dropped a $3.50 tip and walked out for under $30. Problem for me is that our “cashless society” gonna start costing us real soon.
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#29
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I like it!! Discount sounds and feels a lot better than Surcharge!!
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#30
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