There was a new restaurant that opened up in my neighborhood and today I decided to try it out. While I usually avoid dining out except for special events and gatherings, I figured that this was one of those things where you want to get to know your local businesses.
It seemed like a regular restaurant with nothing too fancy. As always my intent was to use a credit card for the purchase. During the meal, I was just looking around the restaurant and I noticed a sign that mentioned how the place took cash only.
The person I was with was saying too how lots of restaurants are like this for dubious reasons. While obviously everyone is not like this, essentially what a lot of restaurants that accept cash only do is they charge you regular prices including the tax like normal. Only difference is that a lot of these businesses don’t actually report that to the tax man and instead pocket it for themselves since the cash payment is hard to prove.
I usually try to avoid cash only places unless it is a type of venue of sort that you would expect that like some kind of night market event or a corner store. I understand perfectly too on how setting up say a credit card merchant account can be expensive for a business. At the same time, I guess it can really help your image.
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