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Originally Posted by EricP
Maybe the new owners will setup CC processing. I am amazed in this day and age there are still businesses that are cash only. Usually that means they are cooking the books.
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Actually, what it means is that they are not willing to part with 1.5% or more of their credit card business, which for a seasonal business can be substantial. If the business grosses $15000 per week in credit card sales, it would cost them $225. In that business, if they are open for 12 weeks, that's $2700. They also have the cost of the c.c. machine, telephone line, extra time to process the transaction, etc.,...weighed against the fact that people have been going to their establishment for many years, they know it is a cash only business, if they don't have to spend nearly $3K to keep their clients happy, they won't. Not about cooking the books!!!!
