Cashless

[turkeyrun]

Why go cashless?

A business takes in $100. Then has $100 to obtain inventory, cover expenses, pay salaries, run their household. Each of those businesses Then have $100 to spend. And the cycle continues.

A business takes $100 by credit/debit card. Then has $97 to obtain inventory, cover expenses, pay salaries, run their household. Then each of those transactions pay 3% in CC fees. Then the next transaction pays 3% and the next and the next, until the CC Company has the entire $100.

Same thing the goobermint does and society gets no benefit.
Pay cash and F*** CC Companies. They produce nothing for society.

 

[foghorn918]

I'll try it it next week.

Was it a grandson?

No it was bought and opened by a local business man.
They now also take credit cards, but have a 2% upcharge if using a card. Cash is our preferred payment

 

[Uncle TK]

Why go cashless?

A business takes in $100. Then has $100 to obtain inventory, cover expenses, pay salaries, run their household. Each of those businesses Then have $100 to spend. And the cycle continues.

A business takes $100 by credit/debit card. Then has $97 to obtain inventory, cover expenses, pay salaries, run their household. Then each of those transactions pay 3% in CC fees. Then the next transaction pays 3% and the next and the next, until the CC Company has the entire $100.

Same thing the goobermint does and society gets no benefit.
Pay cash and F*** CC Companies. They produce nothing for society.

Using your example of $100.00 for each time period.
Breakeven is $125.00 (Loses $25.00 each time period) (Owner works for free)
Starts taking Credit Cards, Sales for the Time Period go up to $200.00.
$200.00 Sales
$125.00 Overhead
$ 3.00 Credit Card Fees (100 x 0.03) Actual around 2% not 3%
------------------------------------------------
$ 72.00 Profit for owner not a $25.00 Loss (Credit Cards make a business money)

Most cash only restaurants under report Income to IRS & Sales Tax to State

 

[TedKennedy]

Pay cash and F*** CC Companies. They produce nothing for society.

Bingo!

 

[JD8]

Why go cashless?

A business takes in $100. Then has $100 to obtain inventory, cover expenses, pay salaries, run their household. Each of those businesses Then have $100 to spend. And the cycle continues.

A business takes $100 by credit/debit card. Then has $97 to obtain inventory, cover expenses, pay salaries, run their household. Then each of those transactions pay 3% in CC fees. Then the next transaction pays 3% and the next and the next, until the CC Company has the entire $100.

Same thing the goobermint does and society gets no benefit.
Pay cash and F*** CC Companies. They produce nothing for society.

It probably doesn't matter because the business that takes CCs sets their goods at $103.

Yeah....no benefit? They sure as heck benefit me when I go to the gunstore LOL. I sure love a CC when I travel. Carrying a ton of cash (north of $1000) is stupid IMO, but you do you, and I'll do the same.

Produce nothing for society you say?

1.6 Trillion in purchases. 75,000 Employees.

 

[Dorkus]

The problem is people who don’t know how to use credit cards. They should be a convenience for both consumer and business. Not a way to live beyond your means.

 

[JD8]

Had a McDonalds drive through employee initially not give me my $3.00+ change from a $20.00. When I called her out on it, she looked at me funny and asked me “You really want your change back?” I told her, “If you don’t want your manager involved, I better get every penny of it back.” She gave it to me, all pissed off. I still pulled into to a parking space and went in and talked to the manager.

That honestly sounds like she got distracted and joked about it.

 

[golddigger14s]

Also, the cost of CC transactions is tax deductible.