/biz/ - Business & Finance

>>8997950
taxes

>>8997950
credit cards have like 3% fee, businesses can offer lower prices if they don't accept credit cards, and banks don't allow anyone to sell higher to people who use card instead of cash, for those accept CC

crypto _will_ solve this, but banks are taking what they can until

>>8998086
Why not just make the customer pay for the credit card fee.

>>8998086
i mean, they disallow you to accept credit cards but make those who pay with credit card pay the fee you're paying for the banks. so people paying with cash are paying the transaction fee of those who pay with cards. so people who pay with cash and are sensitive to prices will go to a business that doesn't accept CC and therefore is able to offer a lower price

>>8998101
because if you do that you're not allowed to operate a credit card reader

>>8998116
like they're gonna know that your prices are 3% higher

>>8998139
well, you have to let the customers know the price of the goods/services they're buying before they pay. you cannot say that 'if you pay with credit card your prices are 3% higher' or that 'if you pay with cash you pay 3% less'.

the customer will know if they paid 3% more than what they were supposed to pay.

>>8997956
This. With cash you can claim you made less money and pay less taxes that way. If you accept credit, you're not only paying fees but there's a paper trail

>>8997950
because they are practicing illegal activities. this is why the government wants to get rid of cash and move to trackable digital currencies only i.e. (((bitcoin)))

https://www.mirror.co.uk/tech/cash-become-obsolete-2037-generation-9736868

https://www.investopedia.com/articles/investing/031213/currency-trading-black-market.asp

http://www.abc.net.au/news/2016-10-21/world-awash-with-cash-fuels-illegal-activity/7933250

>>8998139