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Originally Posted by TiltonBB
That seems to be the answer.
The Village Kitchen does a great job of providing good meals at fair prices. If we were to assume that there was a 10% profit in that business it would seem like a poor decision to give up a substantial percentage of that to credit card fees.
A $40 check which would have had a $4 profit changes to a $2.60 profit when someone uses a card where the owner pays a 4% fee. Enjoy your credit card perks but remember that those benefits come at a cost to the seller and that money has to come from somewhere. When you dine at restaurants that accept credit cards remember that you are paying extra for that.
For one, I appreciate the good food and fair prices at the Village Kitchen and would rather pay cash than see them go up on their prices to compensate for credit card fees.
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I'm not saying this happens at the Village Kitchen. However, the maturity of the time small businesses refuse to take cash it is to hide some income from Uncle Sam. The avoidance of credit card fees is always the excuse always given but the real reason is so income can be under reported.