- Centurion Member
- Posts: 3618
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
otter and rockyrock,
I definitely can see how having a lot of customers, many with a small transaction amount, can mean you have to spend a lot of time dealing with disputed charges that could be easily avoided with cash.
I wonder how the risk of a "customer" making a purchase with a stolen card compares to the risk of that same person using counterfeit paper money. Testing pens can be tricked and I don't know how many people have a good enough eye to spot a near-perfect fake. Security cameras can identify, even if only in retrospect, the party that used a stolen card fraudulently. I'm guessing it's harder to know, in a busy cash register, exactly where the counterfeit $20 came from. It's probably easier for a crook to grab a victim's wallet and physical card or buy someone's information online than to purchase high-quality counterfeit currency.
Maybe more places will charge surcharges on credit transactions? I can see the rationale, although it is definitely irritating for a consumer when you expect the originally quoted price.
For small transactions where I'd have to lose sight of my card or share the info over the phone, I can definitely see myself switching to cash. For large outings...treating a bunch of people...it is a little hard, I admit, to pass on the rewards. On the other hand, a cash discount of even 3% would definitely make me a cash customer.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when