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Jul 12, 2017
2:28
:29
pm
Skeptical Optimist
All-American
There is nothing forcing a business to accept cash, unless you are paying back
debt. I believe that a lender has to accept cash as payment for debt.
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Skeptical Optimist
Previous username
workindev
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Skeptical Optimist
Joined
Aug 2, 2006
Last login
Sep 20, 2024
Total posts
82,574 (4,426 FO)
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Messages
Author
Time
Visa has declared war on cash, and they are incentivizing small businesses to
Skeptical Optimist
7/12/17 2:24pm
How does that play with the notion that cash is legal tender? Can I offer cash
ByuMba90
7/12/17 2:26pm
Plus, how will Visa know if you have accepted cash? Are these businesses
cucciolo25
7/12/17 2:28pm
There is nothing forcing a business to accept cash, unless you are paying back
Skeptical Optimist
7/12/17 2:28pm
Ah, thanks.
ByuMba90
7/12/17 2:31pm
why wouldn' something like that be illegal? all debts public and private etc..
EEcougar
7/12/17 2:27pm
Only applies to debts
Skeptical Optimist
7/12/17 2:33pm
So I could pay off my house with pennies
Copelius
7/12/17 2:43pm
Good luck with that
KingDave
7/12/17 2:32pm
That would be step 1.
Bert609
7/12/17 2:33pm
small business owners will laugh.
Bert609
7/12/17 2:33pm
I would make my small online business cash free if they really paid me $500,000
viper
7/12/17 3:24pm
.25%-2.5% isn't really crazy, and it's built into the price you pay.
Thunder Buddy
7/12/17 6:45pm
One of the unknown "costs" of credit cards, is that you spend more...
lilpenny
7/12/17 2:33pm
There is nothing in the article about incentivizing businesses to not accept
Clark Addison
7/12/17 2:34pm
So Visa charges a fee for credit card use and they want people to spend more
ByuMba90
7/12/17 2:40pm
Also like Visa and other credit card companies encouraging tipping
coolcats
7/12/17 2:46pm
I own a business & give a discount for cash/checks so we dont have to pay VISA
YouPuntYouDye
7/12/17 4:02pm
I thought that was against VISA merchant account agreements? If somebody
Skeptical Optimist
7/12/17 4:20pm
guess I'd better not do that anymore then
YouPuntYouDye
7/12/17 4:25pm
There may be ways around it. Lots of people do it.
Skeptical Optimist
7/12/17 4:43pm
if it gets reported to Visa and they want to go after you, you will be denied a
Nat Gas Man
7/12/17 4:54pm
There is no problem with giving a cash discount. You cannot charge extra for
Pick-Six Coug
7/12/17 5:20pm
Makes sense. Thanks
Skeptical Optimist
7/12/17 9:05pm
Maverik takes.visa and they offer cash discounts.
Bert609
7/12/17 5:39pm
Correct, discounts are OK but a surcharge to use plastic is prohibited
Pick-Six Coug
7/12/17 6:09pm
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