Posted on Sep 26, 2023
Why many business owners would love it if you stopped using your credit card
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https://www.npr.org/2023/09/26/ [login to see] /credit-card-fees-visa-mastercard-retailers
Whenever someone uses a credit card to buy a scoop of mango ice cream at one of Victor Garcia's shops in Texas, the financial system takes a bite.
Credit card fees gobbled up more than $25,000 of Garcia's sales last year. He's now posted signs at his two shops near Fort Worth urging customers to think twice before paying with plastic.
"Most are shocked," Garcia says. "Half of them say, 'Gosh, I have no cash. I wish I did.' People don't know. They just say, 'Hey, I get points, so I'm going to use my card.'"
Whenever someone uses a credit card to buy a scoop of mango ice cream at one of Victor Garcia's shops in Texas, the financial system takes a bite.
Credit card fees gobbled up more than $25,000 of Garcia's sales last year. He's now posted signs at his two shops near Fort Worth urging customers to think twice before paying with plastic.
"Most are shocked," Garcia says. "Half of them say, 'Gosh, I have no cash. I wish I did.' People don't know. They just say, 'Hey, I get points, so I'm going to use my card.'"
Why many business owners would love it if you stopped using your credit card
Posted from npr.org
Money
Retail
Business
Posted 1 y ago
Responses: 4
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Some of the cards have pretty high fees...maybe the store owners should discount for cash. Some of our local gas stations do that.
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Diane and I went to a place in Plymouth, WI called Chester's. It used to be an A&W and the root beer tastes exactly like it still is. They have a sign hanging on both sides of the menu that says they only accept cash or checks
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I don't use mine unless I absolutely have to. Cash is still king in our house.
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