Anyone know what this means?

3/31/2011 4:58:24 PM

its what the goverment does

3/31/2011 5:02:33 PM

who doesn't know what this means?

3/31/2011 5:03:22 PM

Explaining Your Time Warner Bill:

http://www.newyorker.com/humor/2011/04/04/110404sh_shouts_jost

3/31/2011 5:07:44 PM

3/31/2011 5:19:32 PM

who doesn't know what this means?

3/31/2011 5:21:57 PM

3/31/2011 5:26:40 PM

why was perez hilton at the hillsborough st burger king?

3/31/2011 5:31:24 PM

taco bell

3/31/2011 5:34:48 PM

Not much of a genius are you boy?

3/31/2011 5:59:40 PM

ironic screen names itt

3/31/2011 7:37:57 PM

fickle and diming

4/1/2011 8:20:58 AM

who doesn't know what this means?

you also have access to the internet, which has search engines that can answer this question for you.

4/1/2011 8:35:56 AM

It's the defense you put up when you think someone is trying to make a pass at you.

4/1/2011 9:23:07 AM

Just as suspected, everyone knows what nickle and diming a person is.

I created THIS thread because somehow, in some way, everyone on this site managed to forget this concept while arguing in the "Credit Cards (not a debt question)" thread.

They can't figure out why on Earth someone would complain about merchant credit card fees.

The believe when THEY spend $1, WE are only losing $.03 and gain $.97.

Wrong.
They forget that the $1 is cut up ~$.33 to rebuy the product.
They forget that the $1 is cut up ~$.43 to pay for taxes, licenses, utilities, labor, etc.
They forget that the $1 is cut up ~$.20 to pay for repairs, advertising, and expanding the business
In fact, the average $200,000 restaurant business is doing WELL if they get to keep just 5% of their gross revenue.

That said, having credit card companies taking 3% of every sale, including 3% of all credit card tips and taxes which is money that doesn't even belong to me, it really does make it worth an argument.

4/1/2011 9:28:33 AM

I'm actually making an effort to start carrying around cash like the olden days and stop using my cards to buy stuff.




except at the gas pump, thats just too convenient

[Edited on April 1, 2011 at 9:37 AM. Reason : not because I want to help small businesses but because I hate banks and credit card companies]

4/1/2011 9:34:28 AM

so don't enter into the merchants agreement to accept credit cards if you don't like the terms

4/1/2011 9:38:01 AM

Very advanced thinking you have there. You're either with us or against us. Presidential thinking!

4/1/2011 9:46:07 AM

it's nickEL

4/1/2011 9:50:25 AM

^^^^^so why didn't you bring that up in the thread you just referenced?

[Edited on April 1, 2011 at 9:50 AM. Reason : ]

4/1/2011 9:50:27 AM

Credit card processing companies are crooks. I'm dealing with one right now and they destroy you with chargebacks.

4/1/2011 10:03:21 AM

How do you not know what this is. I guess this is why your company went under.

Your user name should be stupidxboy

4/1/2011 10:29:39 AM

Maybe companies should start offering "discounted" prices for those paying cash.

4/1/2011 10:33:57 AM

Quote :

"Maybe companies should start offering "discounted" prices for those paying cash."

That's a great idea however when you're nickEL and diming people, people don't care about the 35 cents they're saving. It's too small.

When you're a business and you deal with 35 cents times 15,000 transactions, only then does 35 cents matter

4/1/2011 10:52:25 AM

You're paying a fee for a service. Get over it.

4/1/2011 10:54:08 AM

Quote :

"When you're a business and you deal with 35 cents times 15,000 transactions, only then does 35 cents matter"

What would you know about dealing with 15,000 transactions?

4/1/2011 2:49:20 PM

Is 15,000 too big a number for your head to imagine?

It's only 41 transactions per day.

4/1/2011 3:02:43 PM

or 1 a day

4/1/2011 3:04:07 PM

Quote :

"That said, having credit card companies taking 3% of every sale, including 3% of all credit "

the customer pays waitresses/waiters 12-17%(taking out the 3% for credit card tips) for refilling drinks and bringing food. saving the customer what.. the 3-4minutes it would take to refill your own drinks and get your own food.

now the credit card save the store owner and customer 15-45sec on counting change and refilling the change drawer with the non-signature method for 3%.

plus at peek times for the store owner the credit cards are keeping the line low so they can serve more and not have people pass up their establishment because the line is unreasonable.
See Cookout or Bojangles in Raleigh, if everyone paid cash those place would be impossible to get though the line on peek hours.

it's about convience. just cuz it is an evil corporation not a sweet waitress doesn't change the money.

4/1/2011 3:28:31 PM

Also I'd like to point out how much a business will save if it was robbed and most of it's transactions were done with CCs/Debit etc. You can run off with dollar bills but it's not so much fun when its all CC receipts




[Edited on April 1, 2011 at 3:48 PM. Reason : ]

4/1/2011 3:44:01 PM

you sure do bitch a whole lot about being in the "business" business. maybe become a firefighter or something? i hear they don't worry too much about this type of thing.

4/1/2011 9:39:12 PM

I did not realize that nickel and diming a person was a term for dumbasses running a small business with no business sense. The more you know...

4/1/2011 11:42:53 PM

some of my favorite regular restaurants and bars only accept cash. i suspect it's because they have competent business owners who know they can get away with it.

when the quality of your product speaks for itself, you can chose to accept whatever forms of payment you want.

4/2/2011 1:22:57 AM

Nickel and Dimed: On (Not) Getting By in America

Quote :

"a book written by Barbara Ehrenreich. Written from the perspective of the undercover journalist, it sets out to investigate the impact of the 1996 welfare reform on the "working poor" in the United States. In some ways it is similar to George Orwell's much earlier Down and Out in Paris and London, German investigative reporter Günter Wallraff's Ganz Unten (The Lowest of the Low), and John Howard Griffin's Black Like Me. -http://en.wikipedia.org/wiki/Nickel_and_Dimed"

4/2/2011 1:34:18 AM

^

4/2/2011 5:10:32 AM

Raise your price 3% and charge 3% less for cash transactions.

Is this the same kid who thought starting a pizza place was a good idea? Really?

4/2/2011 9:10:50 AM

Quote :

"some of my favorite regular restaurants and bars only accept cash. i suspect it's because they have competent business owners who know they can get away with it. "

On most days, I'd walk right out of a restaurant like that because I'd have no means of payment.

4/2/2011 9:26:18 AM

I have $1.50 Stella Artois tonight.


CASH only.

4/2/2011 3:00:39 PM

change your business plan - buy a beer, get a free pizza

http://www.yelp.com/biz/crocodile-lounge-new-york

works for them

4/2/2011 6:18:04 PM

^

Quote :

"$20 credit card minimums on Wednesdays, Fridays and Saturdays. I'm not sure the significance that Wednesday night holds (in this case, I was HERE on a Wednesday) but nonetheless 4 cold Lagunitas or Southamptons, etc (and consequently 4 pizzas) gets you there quickly. Beers are about $5/each. From what I hear, this is quite a steal in New York City. "

Where are the credit card nazis on this one?


In response to your post:

Beers are $5 each there, Mine are $1.50.
I have a stone oven (slow cook speed) and quality product. They have whatever's the cheapest product and a conveyor belt oven.

Yes, their concept makes a shitload of money, a lot more money than my concept, BUT it's not very prestigious. They don't really have any accomplishments other than tricking some foolish college kids into buying a $5 pizza costing less than $1 and getting a free 75 cent beer. You can't even call them a restaurant or a pizza place. It's a "lounge" and they have the right atmosphere (a basement) for college kids to be loud. My place is certainly more elegant for me to pull this off. They still have trouble paying their employees based on all the "REMEMBER TO TIP THE COOKS" comments in their review.

Why would I tip someone for making a pizza like this?




It's a great concept to make money off college students and perhaps one day I'll resort to it, but right now people are definitely going to say "hmmm" at paying $5 for a beer when I currently sell them for $1.00 to $1.50 for over 4 years. They will also be disappointed that they can't get the best tasting pizza they've ever had anymore because I cheapened my ingredients.

4/2/2011 7:02:38 PM

Bitter unsuccessful businesspeople ITT

4/2/2011 7:17:16 PM

Looks like a handmade pizza to me.

4/2/2011 7:57:14 PM

Maybe I'm missing the point, but many small businesses that accept cash only also have an ATM if you need to get cash out. They make the money from the ATM instead of the banks/credit companies.

Additionally, I thought the first thing financial advisers tell you to do, if you are staying in a budget, is to pay for items with cash, because it is supposed to be inherently more painful to give away.

And, I don't believe that credit cards are faster than cash in a line like at the grocery store or Bojangles. A good cashier (and I was one back in the day) should be able to break change just as fast as someone putting in their PIN on a number pad. If not, the problem is the cashier, not the cash itself.

4/2/2011 8:57:31 PM

^at bojangles you hand them the credit card, they swipe it and hand you the receipt in one motion...it is definitely faster than paying with cash...

4/2/2011 9:26:33 PM

aye, anything under 50 at target doesnt require a sig.

4/2/2011 9:28:03 PM

Quote :

"aye, anything under 50 at target doesnt require a sig."

yay security! Guess who pays for all the credit card fraud

4/2/2011 10:27:18 PM

So...who should pay for fraud?

4/2/2011 10:39:51 PM

It's really hard not to Chit-Chat this thread.

4/2/2011 10:51:08 PM

let me carry around 300 dollar bucks in my wallet for a night of drinking downtown. surefire security there too.

4/3/2011 12:34:29 AM

Quote :

"So...who should pay for fraud?"

The criminal.

4/3/2011 12:40:22 AM