Sure if he's doing small transactions but in general you shouldn't be allowing people to use a credit card to make a $2 purchase, right?
What is defined (in this thread) as "most cash businesses" would be to me businesses that would typically allow someone to pay with a credit card.
That wouldn't be a local bodega allowing some to pay for a pack of gum with a credit card. It would be a business allowing cc use in a typical case where the per transaction charge is not significant and you don't stand to loose business because you don't accept credit cards.
Examples:
You run a restaurant and your average ticket is $45. If you don't accept cc's you will generally loose business.
You run an ice cream stand and your average ticket is $5. Less expectation of being able to (or needing) to use a cc for a small transaction like that. Chance of loosing business: significantly less.
Entirely possible. for a long time in California it was illegal (state law) to require a minimum purchase amount in order to use credit cards I believe (but can certainly be mis-remembering) that this was only recently changed. And yes, his business does include a lot of 'small' transactions like someone coming in to get a key made etc.
Comments
Sure if he's doing small transactions but in general you shouldn't be allowing people to use a credit card to make a $2 purchase, right?
What is defined (in this thread) as "most cash businesses" would be to me businesses that would typically allow someone to pay with a credit card.
That wouldn't be a local bodega allowing some to pay for a pack of gum with a credit card. It would be a business allowing cc use in a typical case where the per transaction charge is not significant and you don't stand to loose business because you don't accept credit cards.
Examples:
You run a restaurant and your average ticket is $45. If you don't accept cc's you will generally loose business.
You run an ice cream stand and your average ticket is $5. Less expectation of being able to (or needing) to use a cc for a small transaction like that. Chance of loosing business: significantly less.
Entirely possible. for a long time in California it was illegal (state law) to require a minimum purchase amount in order to use credit cards I believe (but can certainly be mis-remembering) that this was only recently changed. And yes, his business does include a lot of 'small' transactions like someone coming in to get a key made etc.