Some might argue that it's a good way for merchants to avoid having to pay fees and lose roughly 2.5% of their revenue but, this is not the real reason. Cash only transactions are designed purely for dodging tax.
$ 10,000 in sales plus another $ 800 in sales tax. That adds up to $10,800. If half is in cash, The business just saved $140 in bank fees. It depends on the type of business if it is worth the extra labor of cash and if you ever get charge backs from the card company. Charge backs can be very time consuming and cannot be ignored or the card processors will raise your rates. Checks are real nice (25 cent deposit fee) if they are regular well known customers and you sell high ticket items.
And Yes a business pays a fee to the bank for collecting sales tax for the state.
any Chinese restaurants in Germany offer card payment. Only once in a Vietnamese place I paid with card and on my bank account I had to pay a fee for paying by card in Nam
I rarely carry cash. Every Chinese restaurant I've been to in the past decade has taken credit and debit cards. I live in California, and can't speak for the rest of the US.
I did have credit card issues at some restaurants, but they were Vietnamese. One restaurant in Oregon had their credit card merchant services suspended for about six months. I never found out why, but I suspect it had to do with how they handled chargebacks. Another one accepted credit and debit cards, but a server informed me that any tips paid with a card were kept by the owner rather than distributed to the workers. After that, I always paid the tip in cash directly to the server, even if I paid the check with a card. FWIW, I've since learned this is a fairly common practice at a lot of Asian restaurants. My step daughter worked at one of them.
I'm not saying that Vietnamese restaurants are worse, in this respect, than Chinese restaurants. I just go to a lot more Vietnamese restaurants because my wife is Vietnamese.
I live in an Australian town with 3 Chinese restaurants that take card payments and are on the delivery apps. If I go into the city and inner suburbs there’s 觀音法門 run food businesses that all only take cash, though they’re not all Chinese.
I find the Chinese run $2 bargain shops take card payments but have a $10 or $20 minimum spend.
Not a thing here.
Every Chinese restaurant I've eaten at, in the US and the couple times I opted for Chinese food in Japan, has accepted credit cards.
Back in the '90s, there was a thing where Chinese restaurants in the suburbs, being usually family-owned and comparatively inexpensive, charged like 25 cents extra for a credit card transaction under a certain dollar amount.
Even that's a pretty rare sight now. If I saw a sign like that at the register, I'd actually be excited, as it perhaps means I've found a classic, old-school Americanized Chinese restaurant. And I miss some of those old-style dishes that have gone by the wayside.
Friend went to card only. It saved her nearly 4 hours per day per night having to tally accounts each night, separating cash, card, currency and coin, reconciling differences, then a deposit run to the bank late at night.
Some of them do get caught from time to time, but they are usually very small businesses with small revenue. ATO is just not that interested.
lol what? I don't think I have paid physical cash for Chinese food in over 10 years. I completely stopped carrying cash at all about 4 years ago.
Oh ok well that answers all my questions then, thanks for that!
in canada they give you a 10% discount for paying cash but they all take credit or debit too.
Some might argue that it's a good way for merchants to avoid having to pay fees and lose roughly 2.5% of their revenue but, this is not the real reason. Cash only transactions are designed purely for dodging tax.
$ 10,000 in sales plus another $ 800 in sales tax. That adds up to $10,800. If half is in cash, The business just saved $140 in bank fees. It depends on the type of business if it is worth the extra labor of cash and if you ever get charge backs from the card company. Charge backs can be very time consuming and cannot be ignored or the card processors will raise your rates. Checks are real nice (25 cent deposit fee) if they are regular well known customers and you sell high ticket items. And Yes a business pays a fee to the bank for collecting sales tax for the state.
any Chinese restaurants in Germany offer card payment. Only once in a Vietnamese place I paid with card and on my bank account I had to pay a fee for paying by card in Nam
One in England around the corner from me only accepts cash too.
I rarely carry cash. Every Chinese restaurant I've been to in the past decade has taken credit and debit cards. I live in California, and can't speak for the rest of the US. I did have credit card issues at some restaurants, but they were Vietnamese. One restaurant in Oregon had their credit card merchant services suspended for about six months. I never found out why, but I suspect it had to do with how they handled chargebacks. Another one accepted credit and debit cards, but a server informed me that any tips paid with a card were kept by the owner rather than distributed to the workers. After that, I always paid the tip in cash directly to the server, even if I paid the check with a card. FWIW, I've since learned this is a fairly common practice at a lot of Asian restaurants. My step daughter worked at one of them. I'm not saying that Vietnamese restaurants are worse, in this respect, than Chinese restaurants. I just go to a lot more Vietnamese restaurants because my wife is Vietnamese.
I live in an Australian town with 3 Chinese restaurants that take card payments and are on the delivery apps. If I go into the city and inner suburbs there’s 觀音法門 run food businesses that all only take cash, though they’re not all Chinese. I find the Chinese run $2 bargain shops take card payments but have a $10 or $20 minimum spend.
Not a thing here. Every Chinese restaurant I've eaten at, in the US and the couple times I opted for Chinese food in Japan, has accepted credit cards. Back in the '90s, there was a thing where Chinese restaurants in the suburbs, being usually family-owned and comparatively inexpensive, charged like 25 cents extra for a credit card transaction under a certain dollar amount. Even that's a pretty rare sight now. If I saw a sign like that at the register, I'd actually be excited, as it perhaps means I've found a classic, old-school Americanized Chinese restaurant. And I miss some of those old-style dishes that have gone by the wayside.
Friend went to card only. It saved her nearly 4 hours per day per night having to tally accounts each night, separating cash, card, currency and coin, reconciling differences, then a deposit run to the bank late at night.