http://www.reddit.com/r/WTF/comments/coiic/1_way_of_helping_out_ma_pa_stores/
Today I went into a 'Ma & Pa' type of gas station today to buy a pack of smokes. The cashier thanked me for using cash to purchase the product. I said you're welcomed & asked why are you happy that I used cash instead of a debit or credit card.
He informed me that small chains, such as his (gas stations, local stores, etc) are basically getting raped by by 'Card Companies' w/ fees. These companies take 40cents of the profit made from the product sold using debit/credit cards while the more well known companies such as Walmart, Target, Sheetz, etc only have to pay 1% for those types of transactions.
An example he gave me: Say you go into a 'Ma & Pa' type of store & but a $10 pack of beer. He only see's 50cents from that sale. If you use you debit/credit card, the company they deal w/ takes the 40cents, leaving the store w/ a 10cent profit.

0 comments:
Post a Comment