I paid a lot of credit card interest, as a yute, but, since getting married, I have paid in full. Been over 30 years. Leeches rule!

At one time, credit card companies forced vendors to charge the same, whether cash or credit, but that seems to have fallen by the wayside.

The problem is, is that cash is becoming less and less acceptable.

In a nearby town, you can't pay for parking, with cash. I have seen credit-card-only vending machines. A lot of restaurants have iPads at the table, and you never see anyone but the bus[boy|girl|whatever], bringing you your food.

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OptionOfT 4 hours ago | parent | next [-]

> At one time, credit card companies forced vendors to charge the same, whether cash or credit, but that seems to have fallen by the wayside.

I miss that. I really dislike that it is allowed to charge extra for a credit card. It shows that the company doesn't understand the cost of cash.

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bluGill 15 hours ago | parent | prev [-]

Credit cards are cheaper than cash for most merchants. Most people forget about all the costs of cash because they are hidden, but they add up to more than the couple % credit cards cost.

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ChrisMarshallNY 12 hours ago | parent [-]

> Credit cards are cheaper than cash for most merchants.

Huh. I always thought it was the opposite. I know several restaurants that refuse to accept credit cards. They are great places to eat, but I won't go there. I don't think they miss my custom, though. Refusing to accept credit seems to be a signal of excellence, around here.

	▲	OptionOfT 4 hours ago \| parent \| next [-]
		In Belgium it is common knowledge that cash-only places don't report everything to the feds. For the same reason those food establishments had to get a government approved White Cash Register, because there was so much money disappearing.
	▲	bluGill 5 hours ago \| parent \| prev [-]
		If you don't do the accounting, it appears that the fees on a credit card are greater than the cost of cash and so restaurants that haven't done their accounting closely often think they're getting themselves something by not accepting credit cards. The cost of a credit card is very obvious. The cost of cash is many small things that are very hard to see and thus very hard to account for correctly.