hambugerpete
Well-known member
Or it's legitimate, but not having a sign saying cash only is underhand though.
Random Irritations
- Thread starter Blue in Munich
- Start date
Chip&Run
Active member
Ignorant and nasty people who take their roles way too seriously. I'm certain Cassie in accounts was thrown out of the Nazi Party for being too nasty.
GreiginFife
Money List Winner
The type that members of the CCP find her views on humanity a bit harsh?
Wilson
Head Pro
I vary rarely carry a card with me! I needed to get a taxi a few weeks back and he said cash only, it was for work so I declined and said I'd find an alternative, he then said he'd do it via card for an extra £2, to which I agreed - at drop off he couldn't get his card machine to work, I offered my details to make payment later but he just told me to get out and sped off.
Bazz
Q-School Graduate
DSE training that I can't skip.
PJ87
Journeyman Pro
It's awful isn't it. They made me DSE champion at work it's the worst chasing people to do something that it a pain in the butt to do anyways
Bazz
Q-School Graduate
Ouch. I work from home pretty much all the time, I don't think they want me to tell them I work from sofa, bed or desk depending on how I'm feeling that day.
PJ87
Journeyman Pro
Doesn't help since they changed the system aswell. The old one was easy to see reports and manage this new ones is a waste of my time lol
Bunkermagnet
Journeyman Pro
I think the whole thing is very tricky to deal with. Many businesses (that’s single tradesmen to multi staff businesses) don’t want cards because it’s traceable but also card fees are going up and eating into their margins, and you can no longer charge different prices for differing payment methods. Also consumers don’t carry much cash and see cash only as a dodge, yet will always ask to pay by cash for services done in the expectation of getting a discount. Cash also costs to pay into the bank.
When people ask me if they can pay by cash, I always reply they can pay me by any of the 4 legal forms of payment…cash, cheque,card or bank transfer.
Cheques or bank transfers are always the preferred simply as they don’t cost me anything to deal with. Cash costs time and about 5%, cards can vary between about 3.5% up to about 8.5.
jim8flog
Journeyman Pro
At the beginning of the month I booked my car in for service today.
Just look at the weather and I am stuck at home.
Just look at the weather and I am stuck at home.
Old Colner
Club Champion
Why not use the cash you collect to pay local suppliers and your wages then spend it locally or bank into a personal account, this would avoid the 5% banking fees, I have been doing this for years.
Chip&Run
Active member
People are often too quick to claim cash only is ALL about fiddling and hiding from tax and vat man but to some small business, 8% transaction fees are higher than the profit margin. For 99% of small businesses, card fees are crippling.
GreiginFife
Money List Winner
As a small business owner I accept card payments or bank transfer. Most (probably 95%) of my customers will pay by card and the card fee is already built in to my pricing.
Cash means that I need to make an additional journey to a branch to pay it in, costing me time and money. Thats the only reason I don’t accept it. Rural living has it’s drawbacks around facilities.
As long as businesses are using proper invoicing then there should be no negative cash only issue. It’s traders that don’t issue proper, traceable invoicing that should be viewed at least skeptically and are probably up to something.
Chip&Run
Active member
You're in the 1% of whom its not crippling.
A family member has a mobile coffee business and the fees are crippling. She is in the position where she has to swallow the transaction fees because if she increases the cost of the coffee to cover the transaction fee, she's running the risk of over pricing the sale and in turn cutting her own throat. It's a fine line.
Add in the cost of the handsets etc, its hard running a profitable business.
GreiginFife
Money List Winner
I’m with Square, having moved from Sum Up. Card reader was a one off fee, highest transaction fee is 2% for card not present transactions, 1.5% for card present.
Of people are getting fee reamed then maybe they need to shop around. 1.5% on a £2.50 cup of coffee is a few pence.
PJ87
Journeyman Pro
On the £23 car wash the other day would be 35p .. guess not worth what they are saving in tax dodging or money laundering
Bunkermagnet
Journeyman Pro
Suppliers want electronic payment, one is in France and the other main one is in the middle of my country.
Cash recieved has to show up somehow on the accounts software and that only shows as the bank account showing a reciept of funds for an invoice. The only way I can get over it easily is to give the cash to my wife for house spending. She then does an electronic payment to my company account using the invoice number of the cash paid job as a reference. That way Quickbooks is happy and all sorted.
Bunkermagnet
Journeyman Pro
I use a Zettle mobile card reader. It works fine, but now PayPal own it things have changed. They hammer you when someone wants to pay an invoice with a credit card through PayPal, which if you know thats what they want to do you can "adjust" things accordingly, but when youve sent the invoice and then find out thats how they want to pay rather than bank transfer its a little annoying to wave bye to a banking fee of about £50
GreiginFife
Money List Winner
I looked at Zettle but ruled it out for those reasons.
Beezerk
Money List Winner
Plane to Lanzarote delayed by an hour and a half, now we’ve been sat on the tarmac an hour as there’s no buses to take us to the terminal 
