And instead of "dialing" a phone number, it should be "pushing" a phone
number!
Why? I still use cash for a lot of purchases and quite frankly I wish
stores would offer cash discounts since I really don't want to pay for
someones "rewards".
>Bill wrote:
>> I was thinking a "cash" register should now be called a "charge" register.
>Why? I still use cash for a lot of purchases and quite frankly I wish
>stores would offer cash discounts since I really don't want to pay for
>someones "rewards".
Cash is not free for a store to handle. My experience is that banks
charge commercial customers service fees to handle cash deposits. The
store also has to have employees to handle the cash after it is out of the
register. Finally, there is a fee to have an amored truck pick up the
cash.
There is a transaction fee to take a credit card, but they don't take all
the manual labor to deal with either.
I ran a small business for a number of years that billed folks about $20
every month. Even with the fees for credit cards, we preferred to take
credit cards instead of sending a monthly statement. Each statement cost
about 55 cents for paper, postage, and envelope. We also had to pay an
employee to stuff the envelopes and then again to process all the incoming
checks. We also had way more deadbeats with statement than with credit
cards.
Now, with large transactions for $1,000 or more I can understand why
merchants prefer cash and smaller businesses will sometimes offer a cash
discount.
And many people still refer to making a video or audio recording as
"taping", even if it involves no actual "tape".
Dennis (evil)
--
"There is a fine line between participation and mockery" - Wally
Sure, I never suggested there was no cost to handle cash. The tribute to
the bank in the form of fees is more expensive.
>
> There is a transaction fee to take a credit card, but they don't take all
> the manual labor to deal with either.
>
> I ran a small business for a number of years that billed folks about $20
> every month. Even with the fees for credit cards, we preferred to take
> credit cards instead of sending a monthly statement. Each statement cost
> about 55 cents for paper, postage, and envelope. We also had to pay an
> employee to stuff the envelopes and then again to process all the incoming
> checks. We also had way more deadbeats with statement than with credit
> cards.
Thats a different thing since you were extending credit and handling the
processing and collections.
> Now, with large transactions for $1,000 or more I can understand why
> merchants prefer cash and smaller businesses will sometimes offer a cash
> discount.
But their hands are tied. The merchant agreements (and sometimes
legislation promoted by the banks) does not allow merchants to offer
cash discounts.
>On Thu, 27 Mar 2008 08:16:08 -0700, "Bill"
><billnoma...@yahoo.com> wrote:
>
>>I was thinking a "cash" register should now be called a "charge" register.
>>
>>And instead of "dialing" a phone number, it should be "pushing" a phone
>>number!
>>
>
>And many people still refer to making a video or audio recording as
>"taping", even if it involves no actual "tape".
>
>Dennis (evil)
And outside of New Jersey and Oregon, where can you find a "Service"
station?
If you think about it, you don't "drive" a car the same way you
"drive" horses or oxen.
Ever try to find a post in a post office?
>Cash is not free for a store to handle. My experience is that banks
>charge commercial customers service fees to handle cash deposits.
You have been dealing with sucky banks then. I've made millions of
dollars worth of deposits and never been charged a fee. Most banks
would supply the deposit bags, wraps and even deposit slips for
nothing. The use of all that cash for a few days was enough payment.
The only fees I've ever paid on my business accounts are wire transfer
fees.
And a "restroom" is about the last place I'd want to catch up on my
sleep!
And toilet water is NOT something I'd want to splash on my face.
Waiter, bring me the check. Er wait, *I'm* the one expected to pay money
here?
Agreed. I own a dinky small business and the only fees "banking" fees I've
ever paid have been to my credit card processor, not my bank. My bank even
offers pre-paid envelopes so I can mail in check deposits for free, then
they mail back the receipt. I don't use that service now, but when I
traveled around the country on the Ren Faire circuit it was extremely
useful.
>> Now, with large transactions for $1,000 or more I can understand why
>> merchants prefer cash and smaller businesses will sometimes offer a cash
>> discount.
>But their hands are tied. The merchant agreements (and sometimes
>legislation promoted by the banks) does not allow merchants to offer
>cash discounts.
The agreements allow a discount for cash customers. A surcharge for
credit cards is not allowed. Any advertised prices must be the
non-discounted price for credit card customers.
Flying J truck stops got in trouble with Visa for advertising the cash
price for diesel and adding 6 cents per gallon for credit cards. Flying J
quit taking Visa at their truck pumps rather than change their advertised
price.
Certain parts of Nevada maybe?
Oh! THAT kind of service station! Nevermind...