Even as somebody really disliking the current interchange fees in the US, 4% is a money grab on the merchant's side that I find hard to empathize with.
Even if the merchant pays the sticker price for card acceptance, it's usually just below 3%, unless international cards are involved. Add to that the fact that cash transactions in restaurants are often accounted for in "more tax efficient ways", and it feels even more icky.
Except nearly every restaurant I frequent. Example menu below with cash and credit prices, credit prices being 4% more. I see this commonly.
https://misslucyskitchen.com/menu
Even as somebody really disliking the current interchange fees in the US, 4% is a money grab on the merchant's side that I find hard to empathize with.
Even if the merchant pays the sticker price for card acceptance, it's usually just below 3%, unless international cards are involved. Add to that the fact that cash transactions in restaurants are often accounted for in "more tax efficient ways", and it feels even more icky.