a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment by cgod

I don't understand how credit card fees could take that big a chunk out of their ass. I get a lot of cash business, often over half. At the end of the year Square will soak me for about 1% of what I bring in, less than coffee or milk.





snoodog  ·  2649 days ago  ·  link  ·  

I assume the cc soak the same 2% except their per item margins are lower. If their margins are 10% then cc fees eat up a large chunk of then before they even start paying for lights and labor