Cash only - tanTALK

supjam1 · 02-27-2011, 01:44 PM

Has anyone gone from accepting credit/debit cards to not accepting them? Have you never accepted them? I am thinking about not accepting them anymore and putting in a ATM. Any opinions?

movieking · 02-27-2011, 03:13 PM

Terrible idea.

Robert K · 02-27-2011, 06:21 PM

ghetto

Quote:

Originally Posted by supjam1

Has anyone gone from accepting credit/debit cards to not accepting them? Have you never accepted them? I am thinking about not accepting them anymore and putting in a ATM. Any opinions?

tanu01 · 02-27-2011, 06:35 PM

Lots of small stores around here are only taking cash now. Started a few months ago.

kookyguy · 02-27-2011, 07:12 PM

Quote:

Originally Posted by supjam1

Has anyone gone from accepting credit/debit cards to not accepting them? Have you never accepted them? I am thinking about not accepting them anymore and putting in a ATM. Any opinions?

You should try it and let us know how it works.

Black Sun · 02-28-2011, 03:20 AM

Why??

Nobody carries cash anymore. My whole world is purchased with one debit card. My wallet has not seen cash in a long time. If I was to lose my wallet, I won't lose $100. I lose one card which is useless to whoever finds it with one phone call to the bank.

As Robert said, "Ghetto". Only those with no/little/bad credit live an all cash world.

And soon, a cash-less world will get bigger. Apple is coming out soon with a new cellphone app that has ALL personal info on it...credit info/bank/personal info/drivers license info....you just swipe your phone over a scanner and your purchase is paid for..It is to replace carrying a wallet.

theislandtan · 02-28-2011, 07:45 AM

About 50% of my salon business is cash... I'm getting back to using cash because it makes me more aware of what I am spending. Big difference in forking over a couple hundred in 20's compared to swiping a card.

I'd expect you to see a drop in income if you put this in place. I'm sure it'd be much more than saving any current fees you are paying to process credit cards if that is the reason you're looking in to it.

geminitanning · 02-28-2011, 10:49 AM

Interesting- one of my customers told me yesterday that her hair salon has now gone to cash or check only because of credit card fees (or so my client was told). The majority of our money coming in is charges. Definitely could not go cash only!

tanu01 · 02-28-2011, 01:33 PM

All cash would be nice.............

Heidi_sunshine · 02-28-2011, 03:43 PM

You gotta be able to accept credit/debit cards. Its at least half of my business. I would love to accept cash only and not have to pay a fee,..but its the world we live in.

02-27-2011, 01:44 PM	#1 (permalink)
supjam1 Join Date: Apr 12 2003 Location: Cape Cod Age: 55 Posts: 10 Rep Power: 0	Cash only Has anyone gone from accepting credit/debit cards to not accepting them? Have you never accepted them? I am thinking about not accepting them anymore and putting in a ATM. Any opinions?

02-27-2011, 03:13 PM	#2 (permalink)
movieking Team TanTalk Join Date: Aug 12 2004 Location: ITA 2004-2013 / ASA 2013 Posts: 3,444 Rep Power: 30	Re: Cash only Terrible idea.

02-27-2011, 06:35 PM	#4 (permalink)
tanu01 "The Man" Join Date: Mar 4 2003 Location: ohio Posts: 4,015 Rep Power: 23	Re: Cash only Lots of small stores around here are only taking cash now. Started a few months ago.

02-28-2011, 03:20 AM	#6 (permalink)
Black Sun Join Date: Nov 19 2010 Location: GA Posts: 933 Rep Power: 14	Re: Cash only Why?? Nobody carries cash anymore. My whole world is purchased with one debit card. My wallet has not seen cash in a long time. If I was to lose my wallet, I won't lose $100. I lose one card which is useless to whoever finds it with one phone call to the bank. As Robert said, "Ghetto". Only those with no/little/bad credit live an all cash world. And soon, a cash-less world will get bigger. Apple is coming out soon with a new cellphone app that has ALL personal info on it...credit info/bank/personal info/drivers license info....you just swipe your phone over a scanner and your purchase is paid for..It is to replace carrying a wallet.

02-28-2011, 07:45 AM	#7 (permalink)
theislandtan Join Date: Mar 5 2008 Location: Ga Posts: 156 Rep Power: 17	Re: Cash only About 50% of my salon business is cash... I'm getting back to using cash because it makes me more aware of what I am spending. Big difference in forking over a couple hundred in 20's compared to swiping a card. I'd expect you to see a drop in income if you put this in place. I'm sure it'd be much more than saving any current fees you are paying to process credit cards if that is the reason you're looking in to it.

02-28-2011, 10:49 AM	#8 (permalink)
geminitanning Join Date: Nov 3 2008 Location: East Coast Posts: 357 Rep Power: 16	Re: Cash only Interesting- one of my customers told me yesterday that her hair salon has now gone to cash or check only because of credit card fees (or so my client was told). The majority of our money coming in is charges. Definitely could not go cash only!

02-28-2011, 01:33 PM	#9 (permalink)
tanu01 "The Man" Join Date: Mar 4 2003 Location: ohio Posts: 4,015 Rep Power: 23	Re: Cash only All cash would be nice.............

02-28-2011, 03:43 PM	#10 (permalink)
Heidi_sunshine Join Date: Nov 11 2008 Location: St. Louis Mo Posts: 16 Rep Power: 0	Re: Cash only You gotta be able to accept credit/debit cards. Its at least half of my business. I would love to accept cash only and not have to pay a fee,..but its the world we live in. __________________ Heidi -

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