Quote:
Originally Posted by 79CamaroDiva
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.
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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.