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Cash only -- list of businesses not accepting Interac and credit cards


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#101 nagel

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Posted 24 May 2017 - 07:29 AM

I'm fairly certain you cannot put a minimum on a credit card transaction.  Of course who knows what VISA actually does if you do do it.



#102 Mike K.

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Posted 24 May 2017 - 07:39 AM

Depositing cash in to a business bank account also costs fees. In fact banks prefer that no cash is deposited because cash brings problems (armoured vehicles, mistakes when counting, counterfeit bills, increased possibly of earnings related to crime, and so on).

So one way or the other, the bank gets its fees. Unless the cash never makes it to the bank, of course.
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#103 sebberry

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Posted 24 May 2017 - 03:49 PM

I'm fairly certain you cannot put a minimum on a credit card transaction.  Of course who knows what VISA actually does if you do do it.

 

I think that's probably the case.  You also can't charge the customer a premium for using a CC.  However, one workaround is to put "Cash discounted price" on your menu board, and charge the additional fee when processing CCs

 

Mark Brennae on CFAX offered an apology for his reporting of this yesterday.  I don't think it's necessary.  Is he a talk-show host or a journalist?  There's a difference.  If he's paid to have an opinion and host a discussion, then I think he was in the clear. 


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#104 VicHockeyFan

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Posted 24 May 2017 - 04:16 PM

Was he told by the boss to apologize maybe?
<p><span style="font-size:12px;"><em><span style="color:rgb(40,40,40);font-family:helvetica, arial, sans-serif;">"I don’t need a middle person in my pizza slice transaction" <strong>- zoomer, April 17, 2018</strong></span></em></span>

#105 sebberry

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Posted 24 May 2017 - 04:18 PM

Was he told by the boss to apologize maybe?

 

I think he said he was told to address it, not necessarily apologize. 


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#106 Rob Randall

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Posted 23 January 2020 - 10:32 AM

Cashless Restaurants in NYC Will Officially Be Banned This Year

New York City Council is set to pass a bill requiring all restaurants and food stores to accept cash payments from its customers


Edited by Rob Randall, 23 January 2020 - 10:32 AM.

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