If you're choosing locally owned businesses for your coffee, groceries or other things, kudos for supporting alternatives to corporate-owned outlets.

Dan Goodin

If you're choosing locally owned businesses for your coffee, groceries or other things, kudos for supporting alternatives to corporate-owned outlets. A reminder that paying with cash allows them to keep the full proceeds rather than sharing them with moneygrubbing banks and payment processors.

Gytis Repečka

@dangoodin You are conveniently omitting cash handling costs - encashing service ain't cheap. And if you are doing it yourself - there are many physical security risks.

Yes, electronic money handling costs. But so as handling cash.

Dan Goodin

@gytisrepecka

So, I guess you know better than the independently owned businesses requesting cash?

Amber

@[email protected] @[email protected] all of the businesses with signs going "credit card purchases of less than $20 will have a $x fee" were just virtue signaling or something right? I do actually wonder what the difference in cost is for processing payments through a platform like stripe https://stripe.com/pricing and handling petty cash. now i haven't done the calculations but i am pretty sure handling petty cash is a hell of a lot cheaper than what some of these payment processors charge (especially the middlemen like stripe, who handle discover, mastercard, etc for you so be mindful that's a fee on top of fees)

Amber

@[email protected] @[email protected] oh also cash doesn't have the risk of charge backs. you aren't going to have money disappear from your account. you won't have a risk of your payment processors dropping you because people keep making chargebacks.

Dave Carlson

@dangoodin I've been using cash almost exclusively for the past 6 months. it's amazing how many times I've been handed a card reader, and i say, "is cash ok?" and they're like of course! and it's like 1 or 2 dollars cheaper. feels good. feels private. feels right.

{Insert Pasta Pun}

@beepcheck @dangoodin I guess I'm in a desert where none of the local businesses I buy from offer a cash price that's different.