Comment by carlosjobim
4 hours ago
Small business owners ("indies") are notorious for getting hung up on fees and costs which do not matter, while ignoring important savings and revenue sources. That's why they haven't grown to be bigger.
A sensible business owner increases the base price a little to offset card fees instead of bothering customers with these details and losing sales.
You obviously don't know any small-business owners and didn't read the article.
Credit-card issuers in the USA are a textbook example of a consumer- and retailer-harming monopoly.
I think credit card fees are often positioned against what businesses believe is the cost of cash, i.e. zero.
However, with cash one needs to have / has / has to pay for:
* a more complex register * a person who takes more time to do the transaction * someone who counts the register at the end of the day to ensure it matches * someone who drives to the bank to deposit the money (at random times) * additional insurance * a bank account which probably charges for these cash services
If you don't count time, then cash is better.
And also, in Europe, if you as a business prefer cash, we all know it means that you make X, but you only report X/2.
But unless you don't accept cash at all, you have to do that anyway.