The DU Lounge
Related: Culture Forums, Support Forums"Your tip, is in that @#$&ing machine!" Learned yesterday that the barber shop I've gone to for 20
years has a new owner. Most of the barbers and stylists are still there, mine included. During my cut there was an argument at the cashiers station. According to my barber a frequent occurrence recently. Apparently the new owner accepts only cash having discontinued taking credit and debit cards. This change has pissed off more than a few regulars. The new owner has also installed an ATM for those clients who dont have enough cash to cover their cut. There is a fee for using it.
The customer who was arguing eventually made a withdrawal from the cash machine and paid the cashier. He then walked over to who I guess was his barber and said, Sorry bro! Your tip, is in that @#$&ing machine!
My barber told me that only about 30 percent of shops revenues go into the till. The rest are pocketed by the owner.
virgogal
(10,178 posts)TEB
(12,842 posts)I just got home from my barber it is her and daughter awesome barbers razor cuts. And cash or debit card $9 a head 4 boys and me one was our sons friend I just hand her $60.
A HERETIC I AM
(24,368 posts)COLGATE4
(14,732 posts)loves to get tips about Owners who are less than truthful with reporting their cash receipts.
bitterross
(4,066 posts)All cash sure makes it easy to cheat on taxes. I'm going to be the new owner is a Trump lover.
iscooterliberally
(2,860 posts)I have graduated from a forehead to a 'fivehead'.
Niagara
(7,610 posts)It costs business owners when a customer pays with a debit card or credit card. The new business owner could look at the state laws to see if they could add a surcharge for card-paying customers, if they are willing to lose more customers for doing so. I don't think customers realize how much card processing fees can add up for businesses, especially small businesses. Generally, business owners have utilities, mortgage, and insurance to pay for also.
A potential customer could stop at any grocery store, dollar store or a big-box store, purchase an item or two, get cash back for free while paying for the purchases to avoid ATM fees at the barber shop.
I once had a credit union that eventually starting charging for every 3 debit card PIN transactions. I asked about the new charges and one teller told me that it was "safer" for me to use my debit card as a credit card instead of using my debit card as a debit card. So basically if I lost my debit card in a store, anyone could use my debit card as a credit card and buy whatever they wanted without needing a PIN number, as opposed to using my debit card as a debit card and needing a PIN number to purchase items. I ended up switching to another banking institution.
TexasBushwhacker
(20,190 posts)How much business is he going to lose because he won't accept credit cards? If he feels he's losing too much money on card fees, go up a buck or two on haircuts. He could even give a discount to people who pay cash. That's what they do at my local liquor store.