Comment by garciasn
3 days ago
I have an honest question: what's the cash vs card tip ratio? 99.999% of the time I am not carrying cash and I don't see many (any?) people paying with cash ANYWHERE in the last 10+ years.
3 days ago
I have an honest question: what's the cash vs card tip ratio? 99.999% of the time I am not carrying cash and I don't see many (any?) people paying with cash ANYWHERE in the last 10+ years.
At this point you are litterally a sucker to pay for anything in cash, because everything is marked-up to cover CC fees, which you get a portion of back in the form of rewards.
Yes, I know some places give cash discounts. Most do not.
Not everything is marked up to cover CC fees, and any time there's a CC surcharge, it's more than the points you get. That and the tip is separate.
As the GP said, most places do not give a cash discount (the equivalent of a CC surcharge), though that practice is indeed a bit more common than it was a decade ago. Interestingly, I've see this practice in odd places like my utility and phone bills (they don't charge an extra fee if you instead link your bank account or use a debit card, which I don't love, but... here we are).
And even if things aren't marked up to cover CC fees, if you have a rewards card, you're effectively paying more if you pay in cash.
I pay tips in cash. There's technically no CC fees on that.
Almost no one can give you a good answer because it varies by business type and location.
My business does not involve tips (exactly) but I can tell you that I’ve seen anywhere from 20-40% of money run through my system being in cash, depending on where I am in the country.
in SF I only carry cash for dive bars and the occasional mom n pop diner
NYC here, whole lot of cash still showing up in tip jars - there are still and loads of cash-only places around, from bars, restaurants, to street carts, you name it. JG Melon, for instance, is famously cash only. But so too is the bar around the corner from my apartment (Dynaco, do recommend).
...So people often tend to be carrying cash still.
Sure, but more places take card, and fewer people carry as much cash. Or rather, people carry less cash.
The fact that a business "famously" is cash only seems to support this, as that implies that it's becoming more unusual.
It’s certainly unusual for a famous restaurant to not accept cards.
Everything else is a crapshoot. If you don’t have cash you aren’t getting dumplings in Chinatown. And that’s just a bummer!