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Old 08-14-2023, 11:59 PM   #1
ITD
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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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Old 08-15-2023, 05:21 AM   #2
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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.
And depending on the amount of business and deal they are able to get a business pays around 3% for each transaction. I have noticed in the last couple of years if you use plastic, more and more people are adding a fee to use it. As I recall it used to be illegal to do that but not anymore.
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Old 08-15-2023, 09:04 AM   #3
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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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Old 08-15-2023, 09:08 AM   #4
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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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Old 08-15-2023, 09:44 AM   #5
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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
Haha.....you are so right
When I saw this post I was told "The credit card debate has risen from the dead"
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Old 08-15-2023, 10:05 AM   #6
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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
The one thing that is consistent is people like the Village Kitchen. Good quality at a fair price brings them many repeat customers.

Places like the VK and Pop's have spent many years building up a well deserved loyal following.
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Old 08-15-2023, 04:56 PM   #7
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The one thing that is consistent is people like the Village Kitchen. Good quality at a fair price brings them many repeat customers.

Places like the VK and Pop's have spent many years building up a well deserved loyal following.
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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Old 08-15-2023, 07:35 PM   #8
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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.
Nothing wrong with copying the success of the previous owner, esp if you worked for him or her.
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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Old 08-16-2023, 05:30 AM   #9
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Nothing wrong with copying the success of the previous owner, esp if you worked for him or her.
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.
I totally agree. VK had a different, very popular approach and don't change what ain't broke!!
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Old 08-16-2023, 09:53 AM   #10
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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.
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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Old 08-16-2023, 01:27 PM   #11
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As Yogi said nobody goes there anymore it’s too crowded
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it's tough to make predictions specially about the future
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