Avoiding the CASH ONLY Business...

[onlycafe]

Originally Posted by Nostril Cheese

I have a bunch of Gumby memorabilia. Make me some food. Post haste.

you're on!
when are you coming?

[Tilikum Turbo]

Originally Posted by island911

yeah, that's our big problem. All of these wonderfully efficient government bureaucracies are being robbed by a few fly-by-night businesses.

Yeah, that's the ticket.... be angry about it... outrage!

You would not need keys for your car...or house, or business if the world wasn't flush with crooks.

'if men were angels, we wouldn't need laws'

[manbridge 74]

I recall when gas was sold 4 cents per gallon cheaper when using cash in Tx years ago. I believe they outlawed that. Then there were the CC only places, perhaps to thwart skimming. I once left cash for gas at such a place and drove away. Can't use the coin-o-the-realm? Then I'm out...

[onlycafe]

locks only keep out the honest people.

[Bill Douglas]

I always use cash - unless it's over $200. I'ts fast, ultra fast

There is nothing worse than getting stuck behind a line of school kids in the supermarket. Each one buys a bag of chips or one candy bar. Then waiting for the f' to put in their card, put in their PIN number, wait, wait, remove card, then next kid. Or the old gits at homestore type places.

[Nostril Cheese]

Originally Posted by Bill Douglas

I always use cash - unless it's over $200. I'ts fast, ultra fast

There is nothing worse than getting stuck behind a line of school kids in the supermarket. Each one buys a bag of chips or one candy bar. Then waiting for the f' to put in their card, put in their PIN number, wait, wait, remove card, then next kid. Or the old gits at homestore type places.

[Bill Douglas]

Oh thanks for reminding me of "the good old days"

[Head416]

Quote de Head416

I don't go to cash only places because... I NEVER HAVE CASH AND IT'S 2014 GET OUT OF THE STONE AGES!!!!

Anyone ever have their identity stolen using a dollar bill?



Start laying down dollar bills...5's, 20's, 50's, and Hundred dollar bills...then you have a better sense of where your money is going, rather than whipping out that card(especially bites if there's interest as icing on the cake).

I've had my identity stolen once, and it had nothing to do with swiping a card.

Both Home Depot and Target supposedly affected me. I put my new cards in my wallet, threw away the old ones, and didn't waste another thought on it.

When I blow cash, at the end of the month I have no idea where it went. When I use my card I can dump it in a spreadsheet and see that I spent $xxx eating out. And I don't have to go to the ATM a dozen times to refill my wallet, and I never have a pocket full of change.

Swipe - PIN - done. If it takes longer than cash you're doing it wrong.

[atcjorg]

I do enough business on my credit card to pay for 4 round trip tickets to Maui a year , I almost always use a cc

[Jrboulder]

Originally Posted by Bill Douglas

I always use cash - unless it's over $200. I'ts fast, ultra fast

There is nothing worse than getting stuck behind a line of school kids in the supermarket. Each one buys a bag of chips or one candy bar. Then waiting for the f' to put in their card, put in their PIN number, wait, wait, remove card, then next kid. Or the old gits at homestore type places.

I was at a gas station yesterday and the guy behind the counter complained about me using $3 in cash to purchase $2.29 of junk food. "I always use a debit card blah blah blah"

[look 171]

I don't get the no bills over 20 places. Its still "US CURRENCY"isn't it? Are there that many fake 100s out there, even the new $100? wht the hell happened to cash is king?

[Kraftwerk]

In day to day / face to face purchases I use cash 99 % of the time, nobody can steal my card numbers. I use the card to buy gas & that's about it.

[sc_rufctr]

I like dealing with cash and I often get a good deal because of it.

People running their own business have enough issues just staying open so I don't worry about what they may or may not be doing.
And anyway, If they're breaking the law eventually that will catch up with them.

[Dantilla]

Originally Posted by look 171

I don't get the no bills over 20 places. Its still "US CURRENCY"isn't it? Are there that many fake 100s out there, even the new $100? wht the hell happened to cash is king?

A $100 bill for a small purchase early in the day wipes out the smaller bills in the till when change is made. If too many pay with $50 or $100 bills, it becomes impossible to make change. This is for stores that want to keep cash on site to a minimum.

I've worked at trade shows for a friend a couple times, and we started off the day with $100 in five-dollar bills just to make change. Another stack or two of fivers stashed away in case we need more. We priced everything so that with sales tax added, all sales ended up being a multiplier of 5.

[look 171]

Yeah I understand that. Usually for lunch or dinner. I almost never buy anything before 10-11am.

[john70t]

Originally Posted by sc_rufctr

And anyway, If they're breaking the law eventually that will catch up with them.

That is Flaw #1 in OP's argument:
It literally takes a couple weeks of investigation by the local constables.
-Average check stubs (no 'special wine' allowed).
-Average menu prices.
-Compare to distributor truck deliveries.
-Compare to foot traffic.
-Bam. Tax Fraud. Shutdown.

Flaw #2:
Banks automatically skim 1-7% off the restaurant's top end just for paying by plastic.
-The difference has to be made up somewhere- quality of product, employee compensation, somewhere.

The only difference is that paying by card "looks" more legitimate as a tax exemption business write-off.
That is cultural. Not legal.

[Rick Lee]

Originally Posted by tedg04

It is an inconvenience when you come across something you want and have no cash (has happened to me).

I wanted to buy a Sinn 857 UTC (watch) in Germany on a Friday night a few years ago. The shop didn't take cc's and I couldn't take $1800 out of an ATM in a foreign country, banks were closed and I had an early morning flight the next day. Owner let me take it and said to wire him the money when I got home.

[GH85Carrera]

Originally Posted by strupgolf

Not the best idea my friend. Scammers love debit cards but not credit cards. If you get scammed by debit, your money is gone: you have a recourse on a credit card.

Poppycock.

My debit card number was stolen. They charged some things but the credit union caught it. I did not loose one penny except the time to go to the credit union and get a new card.

[berettafan]

If you operate a cash only business you are making it MUCH easier for your employees to steal from you.

Alternatively you are making it much harder for big banks to steal from you


Audit hint:

Auditors know to look for excessive 'void' transactions in registers and also can decide you did $xxx,xxx in sales based on your PURCHASES if your records are inadequate.

[GH85Carrera]

A friend of mine owned a nice car wash with multiple bays. The self service wand type of place. 100% cash, all quarters.

He has the IRS after him because some bean counter looked at his water bill and calculated the time it takes to wash the average car and he was using way more water than that bean counter figured he should.

He told the investigator to meet him at the car wash on a Monday morning. As usual several stalls had some of road mud lover stop and wash their truck and leave huge piles of mud and crap. He showed how every morning he gets there and has to clean the place up. He had to hose all the concrete down and then clean out the grease and mud traps. He showed the investigator the cash collection for the night and ran it through the counter. He spent several hours there and a lot of water to get the place ready for customers to come wash cars.

In the end they decided the water numbers fit his income. My buddy admitted he would buy himself a 12 pack of beer about once a week with quarters. He called it his bosses bonus.