Mike
Contributor
Discussion you are sarcastically replying to is about CASH as in hard paper currency, not any transaction other than a credit card. It's about transactions that are not traceable due to a paper trail such as having to go to a bank to deposit or cash them.
Perhaps you didn't actually read the entire thread and just jumped in without any knowledge of what was actually being discussed? You can go back to post #32 and start re-reading from there and get caught up.
Does the above quote help you? It's referring to Cash - as in dollar bills or Peso bills, not checks, money orders etc...Nowhere in the discussion that you are reply and referring to is there a separation of Credit card vs all other transactions (cash, check, money order etc...) it's a separation of Credit Card vs hard cash.
In regards to your questions about what type of business has transactions SO large they won't take credit (cards), if you're referring to me as I'm sure you are :
I said LARGE. I didn't say SO LARGE or TOO LARGE. Large is relevant.
We don't take credit cards because most of our transactions are over $20.000, and many are $50,000 - $60,000. That's large to us, it might not be large to you, but as the business owner we get to make those decisions. Businesses take credit cards for a reason -- the convenience of the transaction factor, for credibility, to gain business that wouldn't be able to capture, for cash flow reasons, security of funds...etc... As said, we don't lose business over not accepting credit cards, further we don't have any cash flow problems, etc... so we don't accept them because there is no benefit to us for doing so. In 1999-2003 I owned a different business and we did accept CC because we needed to due to we were 100% internet based. In a 3 person company doing just under one million dollars a year in 100% credit card transactions, and being the one responsible for the financial and transaction side of the company, I'm well versed in the details of credit card acceptance and merchant accounts. You on the other hand are having a hard time understanding the difference between CASH and everything else besides a credit card. Hopefully this helps clear up your confusion. By-the-way, somebody posted some stuff about Belize dive operators on AC having the tendency to put up websites with pictures of dive shops that don't exist and such to miss-represent themselves, you might want to go defend those accusations.
Perhaps you didn't actually read the entire thread and just jumped in without any knowledge of what was actually being discussed? You can go back to post #32 and start re-reading from there and get caught up.
Does the above quote help you? It's referring to Cash - as in dollar bills or Peso bills, not checks, money orders etc...Nowhere in the discussion that you are reply and referring to is there a separation of Credit card vs all other transactions (cash, check, money order etc...) it's a separation of Credit Card vs hard cash.
In regards to your questions about what type of business has transactions SO large they won't take credit (cards), if you're referring to me as I'm sure you are :
I said LARGE. I didn't say SO LARGE or TOO LARGE. Large is relevant.
We don't take credit cards because most of our transactions are over $20.000, and many are $50,000 - $60,000. That's large to us, it might not be large to you, but as the business owner we get to make those decisions. Businesses take credit cards for a reason -- the convenience of the transaction factor, for credibility, to gain business that wouldn't be able to capture, for cash flow reasons, security of funds...etc... As said, we don't lose business over not accepting credit cards, further we don't have any cash flow problems, etc... so we don't accept them because there is no benefit to us for doing so. In 1999-2003 I owned a different business and we did accept CC because we needed to due to we were 100% internet based. In a 3 person company doing just under one million dollars a year in 100% credit card transactions, and being the one responsible for the financial and transaction side of the company, I'm well versed in the details of credit card acceptance and merchant accounts. You on the other hand are having a hard time understanding the difference between CASH and everything else besides a credit card. Hopefully this helps clear up your confusion. By-the-way, somebody posted some stuff about Belize dive operators on AC having the tendency to put up websites with pictures of dive shops that don't exist and such to miss-represent themselves, you might want to go defend those accusations.
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Hope to see you guys again soon!
