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In reply to the discussion: Visitors sue National Park Service over policy prohibiting cash payments [View all]Mosby
(16,395 posts)Probably due to some lawsuits. I was part of one. The range now is 1.5 to 2.5 percent.
There is another, somewhat common reason why a small business prefers cash, and that's because the money is not reported to the state revenue department like cc transactions are. Not only can the money be kept off the books so to speak, but the tax collected by the merchant can also go unreported. This is what drives the 2.5 TRILLION dollar underground economy. No payroll tax, no social security tax, no Medicare tax, and maybe no sales taxed paid. I have been in banks making deposits where a truck pulls up with a company name of the door and the owner withdraws 5-10 thousand dollars. That's his payroll. I've been in small convenience stores with double registers (old school of course, x/z reads only) where they run cc transactions on one and cash transactions on the other. I have hired contractors who give me a cc price and a cash price.
Personally I would be wary of a restaurant that only takes cash. It's shady AF.