Re:Forget Google, time to end the Visa-MasterCard duopoly
by Rebelgecko on Monday June 29, 2020 @09:20PM
(#23685498)
I wonder how much more expensive credit cards actually are? Cash costs money/time to handle and deposit, it's easily stolen, and easy to commit fraud with (like the classic move where a drive thru employee pockets the cash from a sale without ringing it up)
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Re:Forget Google, time to end the Visa-MasterCard duopoly
by paranoidrobot on Monday June 29, 2020 @09:57PM
(#23685711)
One issue I know smaller retailers sometimes have is that it can take a long time to get cleared funds into their account.
One small cafe near a place I used to work said it usually took 30-60 days for funds to clear into their account after a card transaction. That, for them, was a major problem as it meant that they couldn't then pay their suppliers in a timely manner when cashflow was highly variable.
Then again, a bakery I visited that was in a small town said they'd stopped taking cash, as they got robbed some huge number of times.
Re:Forget Google, time to end the Visa-MasterCard duopoly
by toast0 on Monday June 29, 2020 @09:26PM
(#23685533)
The computerization of order taking and kitchen tickets would seem to make it harder to charge a customer without ringing it up? I know you could cancel it in the system, but that's gotta be counted somewhere where a manager is going to see it eventually?