Today I went down to the local food court and again noticed something that confused me. A large number of retailers are still displaying signs advising that they accept “cash only”. This isn’t new. It happens every few weeks that I go to buy a coffee, or lunch, or something else, and I’m told “sorry, we only take cash”.
What I find so confusing is that a merchant facility doesn’t cost much, in the grand scheme of things. I mean, in reality it’s probably four transactions a month before you’ve covered your cost.
It’s incredibly odd. If these small retailers really want to play in the big leagues, they need to stop rejecting customers. There’s a reason McDonald’s, Target and all the other major players accept card payments.