or they dont want to pay all their taxes...

If you choose to not buy something because having some cash is an inconvenience, that's too bad. But at least we can agree this is wrong:
Another CC use tidbit. One of the top areas for CC and ID theft? Restaurants. Another place I'd avoid using plastic is at a bar/nightclub, like Jenkinsons and such. Both for fraud reasons and to keep things from getting out of hand (how the hell do I have a $300 bill! lol).

The old saying 'cash is king' still holds true.

1. Cash is not king, I just ordered something worth 1000 dollars. I will receive a percentage of that money back via my credit card, I will be protected if the other side decides to screw with me, and it's way better that to send them "cash".

If you used cash to buy flowers for your wife, you would pay face value, I would pay 80% of it, because that's what CC offers me. Overpaying by 20% is not "king".


2. I find it funny that you bring up an issue of ID theft. Did you know that Peter Lugers accepts debit cards? Debit card usage entails that I give out my password, in a restaurant of all places, how's that for ID theft? Or do they just run it as credit, so you don't have to give out your password? In which case someone needs to call the IRS :lol:

edit* We can review how it's bad to use your debit instead of credit, but I think you know that already..

Here you go.

So almighty business man, tell me is it better to make 96 dollars on 100 dollar tab, or is it better to make 0 because a customer doesn't come? For a place like PL that sees higher check balances cost/middle man isn't what's prohibiting them in accepting credit cards.

you're forgetting the monthly cost of owning or leasing a c.c. machine, plus the cost of service. If there's a lot of volume it doesn't matter much. But for a small business, it's definitely something to take into account.

Well as I was told Peter Luger isn't a small place. In addition to the fact that one has to make reservations weeks in advance, and typical check is in 200+ dollar range. I don't think they are hurting for business.

Correct me if I'm wrong, but can't one get a free CC terminal such as Hypercom T4100 which might raise your rates by .01% and install minimum monthly transactions, but you gotta see if the "free" one is profitable for you. Don't think PL will have a problem moving 1200 to cover the monthly minimum. Again I can post the numbers but it will be useless.

We aren't talking mom and pop 5 dollar steaks here. This is a place where an ATM trip is required to cover your bill.

Matters not, now we are in red herring territory. We have moved to semantics and irrelevant information. From your example, we could also add charge back costs into your cost calculations. Charge backs are the #2 reason some places don't take amex (following transaction costs). Amex will side with a card holder in a dispute regardless of how much proof a vendor has. I've seen it first hand many times. There will be a certain about of charge back, even if you run a perfect business - people bitch, CC bow to their card holders.

I'm not sure how you save 20% using a credit card in normal everyday situations - let's not talk about short term special offers and all that. I can clip coupons too, but now we are way off the mark. You can't use situational anecdotes don't support general theories. You are not getting 20% cash back from your cc on every purchase are you? What one?

Bringing it back more in line with the OP questions, the point is there are valid reasons to need access to cash. Is cash needed less these days? Sure. But there is still unequivocally a need for cash access, highlighted in previous posts.
*cash businesses/business does not accept plastic
*personal preference, spending control
*tipping/service payment
*convenience

I gave you a specific example, flowers. yes my card offers 20% cash back on flowers. It's not a monthly offer, it has been there since I opened the card. The card is called discover..

We can just agree to disagree on the rest.

the guy in charge of beating the dead horse only takes cash...