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There are scammers that have merchant accounts too... FYI
Spokane has two long-time business that have been or are Cash Only for the majority of time (Dick's Drive In still is, and the White Elephant only recently started accepting CC's - after Cabela's came into our market challenging them). Both are waaaaayyyy above board.
Several other businesses have gone under or been closed for tax evasion.
5-6% seems astronomical to me. Even on low volumes Square, PayPal, even US Bank, etc. would likely be in the 3% range. There may be a monthly charge as well, but I would estimate less than $100 (from what my clients report - I'm not in the banking industry).
It is an inconvenience when you come across something you want and have no cash (has happened to me). However, if the business is busy without it why give up any %? And while you can evade taxes easily in a cash business, it can be done with CC charges as well.
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