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#1 |
Senior Member
Join Date: Apr 2004
Location: Moultonboro, NH
Posts: 2,936
Thanks: 478
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I'm fan of credit too, but the more I see of electronic transactions and lower and lower transaction value reporting requirements of card companies to the government, I appreciate cash more and more.
I support VK's decision to not offer credit cards. Overhead on transactions is expensive and generally you need to rent the machines. And regardless of what most people think, those costs are always passed on to the consumer, same as corporate taxes. |
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The Following User Says Thank You to ITD For This Useful Post: | ||
ACME on the Broads (08-16-2023) |
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#2 | |
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Join Date: Jan 2006
Posts: 6,770
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Thanked 1,462 Times in 1,018 Posts
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#3 |
Senior Member
Join Date: Nov 2016
Location: Waltham Ma./Meredith NH
Posts: 4,186
Thanks: 2,259
Thanked 1,211 Times in 774 Posts
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I ran a small business which I closed 3 years ago. Back then I was paying about 1.5% on CC most transactions, 3% on American Express, I'm sure it's doubled by now. My business grossed about 250K a year and I paid about 5K in CC fees.
When I first opened, I tried going cash & check only, but after a few months I realized I needed CC. You can get away with it with small transactions, but you need CC's for large transactions |
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#4 |
Senior Member
Join Date: Jun 2016
Location: Tuftonboro and Sudbury, MA
Posts: 2,419
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The fun thing about VK threads is that they are completely timeless. We could take all of the posts from 10 years ago, paste them in here, and they'd be entirely consistent with current posts. We could even have a contest to see if any of us could identify old vs new
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#5 | |
Senior Member
Join Date: Apr 2004
Location: Moultonborough
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When I saw this post I was told "The credit card debate has risen from the dead" |
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The Following User Says Thank You to SAMIAM For This Useful Post: | ||
tis (08-15-2023) |
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#6 | |
Senior Member
Join Date: Feb 2005
Location: Gilford, NH and Florida
Posts: 3,026
Thanks: 706
Thanked 2,208 Times in 940 Posts
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Places like the VK and Pop's have spent many years building up a well deserved loyal following. |
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#7 |
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Join Date: Feb 2015
Posts: 839
Thanks: 117
Thanked 211 Times in 133 Posts
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If I am not mistaken, VK has new owners. Shouldn't the new owner build their own reputation? Their own way? Reputations are non-transferable IMO and well stated, time and time again, on this very web site.
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#8 | |
Senior Member
Join Date: Nov 2016
Location: Waltham Ma./Meredith NH
Posts: 4,186
Thanks: 2,259
Thanked 1,211 Times in 774 Posts
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If it's not broke it doesn't need fixin, until it does! In this case it seems like the new owner of VK has just followed in the footsteps of the previous owner with continued success. I've seen a lot of good businesses, that changed hands, that were run into the ground because the changes didn't sit well with the clientele. |
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The Following User Says Thank You to Biggd For This Useful Post: | ||
ACME on the Broads (08-16-2023) |
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#9 | |
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Join Date: Jan 2006
Posts: 6,770
Thanks: 755
Thanked 1,462 Times in 1,018 Posts
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#10 |
Senior Member
Join Date: Jun 2016
Location: Tuftonboro and Sudbury, MA
Posts: 2,419
Thanks: 1,321
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At least a handful of us have commented that the new owner is continuing the most important aspects of the old owner's approach. He is smart enough not to fix what isn't broken. Thus he is building his own reputation. You should try it and report back
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The Following 8 Users Say Thank You to FlyingScot For This Useful Post: | ||
ACME on the Broads (08-16-2023), Biggd (08-16-2023), Susie Cougar (08-16-2023), TiltonBB (08-16-2023), tummyman (08-16-2023), upthesaukee (08-16-2023) |
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#11 |
Senior Member
Join Date: Apr 2004
Location: phoenix and moultonboro
Posts: 1,559
Thanks: 61
Thanked 276 Times in 194 Posts
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As Yogi said nobody goes there anymore it’s too crowded
__________________
it's tough to make predictions specially about the future |
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The Following User Says Thank You to phoenix For This Useful Post: | ||
TCC (08-16-2023) |
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