U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-18-2020, 01:02 PM
 
Location: NY/LA
3,937 posts, read 3,207,396 times
Reputation: 3097

Advertisements

Quote:
Originally Posted by North Beach Person View Post
I'm just finding it hard to believe you guys are all using a card for $2 purchases.
Aside from feeding a parking meter, I can't remember the last time I made a purchase for $2 or less (and we used a CC for the meter). What did you buy?
Reply With Quote Quick reply to this message

 
Old 06-18-2020, 01:05 PM
 
2,093 posts, read 551,028 times
Reputation: 3332
Quote:
Originally Posted by saibot View Post
My husband (a mechanic) gives a cash discount too. Credit card fees for small businesses can be so high that it's worth it to him.
"Two percent for cash" is a very old discount, going back to when businesses carried their own credit.
Reply With Quote Quick reply to this message
 
Old 06-18-2020, 01:07 PM
 
Location: North Beach, MD on the Chesapeake
35,241 posts, read 45,242,805 times
Reputation: 45633
Quote:
Originally Posted by Mr. Zero View Post
Aside from feeding a parking meter, I can't remember the last time I made a purchase for $2 or less (and we used a CC for the meter). What did you buy?
Coke, ice cream cone, newspaper, lottery ticket, a low cost prescription ($1.78), Chapstick, that's the last couple days.

I can't believe you guys' street level herbal supplement vendors take plastic.
Reply With Quote Quick reply to this message
 
Old 06-18-2020, 02:26 PM
 
2,093 posts, read 551,028 times
Reputation: 3332
Quote:
Originally Posted by North Beach Person View Post
Coke, ice cream cone, newspaper, lottery ticket, a low cost prescription ($1.78), Chapstick, that's the last couple days.
I very rarely buy such small things in isolation; if I did, I'd probably go back to putting two quarters and two dimes in my pocket as a routine thing, so that I could pay with something that would generate less than a pocketful of return change. (When I packed to move three years ago and consolidated various change stashes, it brought me nearly $80. Got tired of getting 50-80 cents change on every single transaction and trying to re-spend any of it. The 2/2 rule saved a lot of that.)

Quote:
I can't believe you guys' street level herbal supplement vendors take plastic.
Here, we call them "dispensaries" and they do have some special payment problems because of federal banking regs.
Reply With Quote Quick reply to this message
 
Old 06-20-2020, 05:16 PM
 
Location: Lake Norman, NC
7,546 posts, read 11,699,929 times
Reputation: 31952
I used cash today to tip the dog groomer and at the barber shop.
Reply With Quote Quick reply to this message
 
Old 06-20-2020, 06:22 PM
 
3,583 posts, read 2,266,179 times
Reputation: 8085
Quote:
Originally Posted by MEGAlot View Post
This is one of the benefits of cash. My local mechanic (well ex-mechanic -- who has since retired) gave me 20% discount when using cash. I've been having a tough time finding someone who would give that kind of discount these days... especially someone who can work on modern cars.
That sounds like a high probability of tax fraud. I’d imagine it would be hard to find legitimate business people actually offering 20% discounts just for using cash.
Reply With Quote Quick reply to this message
 
Old 06-20-2020, 06:32 PM
 
3,583 posts, read 2,266,179 times
Reputation: 8085
Quote:
Originally Posted by North Beach Person View Post
I'm just finding it hard to believe you guys are all using a card for $2 purchases.
Why? Would I rather walk around with a bunch of 1 dollar bills?

What does the the cost have anything to do with it? Alot of people use credit cards for nearly every transaction.

Last edited by Thatsright19; 06-20-2020 at 07:54 PM..
Reply With Quote Quick reply to this message
 
Old 06-21-2020, 09:55 AM
 
943 posts, read 264,127 times
Reputation: 1121
After witnessing a customer at the supermarket taking almost 10 minutes to complete the transaction it just reinforces the need for cash. Let alone enough money in ones account there are all the technical and procedural glitches that can add to the pitfalls of being cashless/electronic.
Reply With Quote Quick reply to this message
 
Old 06-21-2020, 11:37 AM
 
Location: Guadalajara, MX
7,529 posts, read 3,659,169 times
Reputation: 14315
Quote:
Originally Posted by Mr. Zero View Post
Aside from feeding a parking meter, I can't remember the last time I made a purchase for $2 or less (and we used a CC for the meter). What did you buy?
Orange juice, at the convenience store on the way home from out on our walk this morning.


Quote:
Originally Posted by anononcty View Post
After witnessing a customer at the supermarket taking almost 10 minutes to complete the transaction it just reinforces the need for cash.
By this logic any exception to the norm that has negative effects reinforces the need for an alternative. The overwhelming majority of people just slide/insert a card and are done in 10 seconds, the outlier isn't really important in the grand scheme of things.
Reply With Quote Quick reply to this message
 
Old 06-21-2020, 12:47 PM
 
Location: NY/LA
3,937 posts, read 3,207,396 times
Reputation: 3097
Quote:
Originally Posted by lieqiang View Post
Orange juice, at the convenience store on the way home from out on our walk this morning.
Oof. I think an OJ at the Jamba Juice here is around $6.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top