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Tractor Talk Discussion Board

Re: Update on Am I being bold or stupid


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Posted by jimg.allentown on July 22, 2015 at 07:05:33 from (173.49.143.208):

In Reply to: Update on Am I being bold or stupid posted by northeast puller on July 22, 2015 at 02:21:26:

The whole issue is a no-win situation. Customers are fickle. Wait until they open up a Home Depot or Lowes right down the street from you. I have sadly watched the smaller hardware stores slowly close up one after the other because of that.
Personally, I dislike the 2-tier pricing system. I do normally pay cash for my purchases. Cards are convenient - TOO convenient. One friend of mine calls it invisible money. It is an unfortunate necessity to be in business these days. There are a LOT of things that are necessary evils in business. Like high rent, gross receipts tax, self employment tax, and having to absorb cost increases from both ends - suppliers and overhead alike.
My best suggestion is to set your pricing where you can absorb the transaction fees and continue to do business the old fashioned way. Folks like that. You may want to pass the word along that you would prefer folks to pay in cash, but I recommend against extra charges for cards. There are a lot of things in this world that are not fair. This is just one on the list.


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