Why must pay cash
- Thread starter lotus80
- Start date
rain5533
Senior Member
If from the shop of seller there need more cash to rolling the stocks.
If from consumer, don't have cash in hand nvm, just need one card in hand that's never died.
To be compare here what's an different between cash & CC or Net.
Credit card and PayPal with net usually need to pay of the services fee at around 3% of total sale amount.
If just paid by cash only.
From the boss can get the ready cash to top up of overall stocks and bank in directly into bank account and compare of overall seller profit.
If CC or others.
Just need wait for end of the month and rebate from bank and transaction from the CC services company.
And the sales after GST and nett profits will be delay a bit, if some supplier they only need cash and died died must be used cash to get the stocks for customer in pre-order some time.
If that shop is really successful like courts, havy, best, there got big supported behind to roll of the cash..we dunno it as much.
End up got cash in hand you are get more rich in the world.
No cash used of future money and today or tomorrow still owning the banks.
IF you can saving for gold bar your future to be getting rich & rich..
If from consumer, don't have cash in hand nvm, just need one card in hand that's never died.
To be compare here what's an different between cash & CC or Net.
Credit card and PayPal with net usually need to pay of the services fee at around 3% of total sale amount.
If just paid by cash only.
From the boss can get the ready cash to top up of overall stocks and bank in directly into bank account and compare of overall seller profit.
If CC or others.
Just need wait for end of the month and rebate from bank and transaction from the CC services company.
And the sales after GST and nett profits will be delay a bit, if some supplier they only need cash and died died must be used cash to get the stocks for customer in pre-order some time.
If that shop is really successful like courts, havy, best, there got big supported behind to roll of the cash..we dunno it as much.
End up got cash in hand you are get more rich in the world.
No cash used of future money and today or tomorrow still owning the banks.
IF you can saving for gold bar your future to be getting rich & rich..
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Sion
Senior Member
Yes. No credit card in Geylang Hotels and massage parlours too. :bsmilie:
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zac08
Senior Member
Transaction fees will still occur as it requires a terminal to read the card and ppl to maintain the machines and servers.
Yutaka Go
Senior Member
When you pay cash, you can get more discount because the dealers can afford to lower the price.
FYI> There are monthly fees for putting the credit card or nets machine in the shop.
If the shop don't use them very frequently, they would prefer not to have them.
airfins
Senior Member
It take a lot of electricity to print money. Paper money gets damage and need replacement. Coins last longer but its heavy, more expansive compared to paper to produce and inconvenient to carry. With all the extra charges incurred and the waiting time to receive the money when using Nets or CC it's just logical that some shop owners decided to just accept cash. They know they will loss some business because of that but they had weight the pro and cons and decided that it's more profitable to just accept cash. Not all shop owner can afford the waiting for the transaction to clear and cash release or the CC fraud or dispute risk that can result in cash flow problems and cost the business.
hanzohattori
Senior Member
Urmm ... then could it be that the merchant cares for you and therefore encourage to use cash rather credit e.g customer getting into debt or paying fees / charges if not careful?
I strongly doubt it. For all I know, they don't care if you got hit by a truck right after you step out from their shop :bsmilie:
Kekeke ... Urm ... could it then be that the merchants are trying to express non support peacefully for certain financial institutions which could block countries or individuals from their electronic cash network at will with a flick of a switch ?
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