Quote:
Originally Posted by TheTimeTraveler
Their "Plastic Policy" is what it is. The sad part is that the owner doesn't seem to recognize that his business would do substantially better if he did accept plastic.
I have a friend who has a business and when he decided to finally accept plastic his business (and income) showed a large increase....
Also, the close out at the end of the day is very easy; much less cash to count!
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How do you know he would get more business? In normal conditions the place is always full. Additionally how do you know that he hadn’t did an analysis between increased business and card processing fees and the additional cost wouldn’t justify additional business. Remember if he accepted them not only would need people come and there would be a fee existing customers would probably switch also so the processing fees would increase tremendously.
I’m not saying this is how it could work for all businesses but in this case it could be the financially sound decision for VK
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