Who paid 99¢?
41–46 of 46 posts
Re: Who paid 99¢?
#42Earlier quoted context omitted.
> I struggle a little to understand why more merchants don't get rid of them... Why is this a struggle? The reason is obvious. Most individual merchants have little, if any, bargaining power. Once you get big enough, you can negotiate lower rates, but you will almost always pay a percentage per transaction. Encouraging cash isn't necessarily a good thing. Some customers (like me) like the convenience of paying with a…
Encouraging cash is a great thing. I make sure to patronize and speak up about cash where I know the merchant will get the message.
Re: Who paid 99¢?
#43Earlier quoted context omitted.
Per transaction fees in finance really suck. I struggle a little to understand why more merchants don't get rid of them.. as it still encourages cash for smaller transactions at shops. Really confuses me. I guess they are smarter than me.
I've never owned a store, but I imagine there have to be processors that charge only the percentage available to most states, even for small businesses. But maybe not? I don't think the major EFPOS providers in New Zealand charge a per transaction fee, because most bars will let you ring up ever single drink individually if you want.
Re: Who paid 99¢?
#44Earlier quoted context omitted.
Encouraging cash is a great thing. I make sure to patronize and speak up about cash where I know the merchant will get the message.
It may be a great thing for consumers, but it doesn't seem like a great thing for electronic transaction processors
Ever had bad things happen? I have. Cash counts then. Payment processors not so much.
Now do not get me wrong. The processors are not doing anything wrong. I am not making a statement against them at all. Just not one for them.
Not a priority, put simply.
Re: Who paid 99¢?
#45Re: Who paid 99¢?
#46If you pay me 50¢, I'll tell you who paid 99¢!
The best part is, you don't even need to use the 50c to actually find out who paid. You can just make up a name :D New SaaS idea: verify that the parent comment is actually finding it out for you for a fee (for obviously less than 49c)