I didn't even know they were closed. I only go when I'm showing someone from out of town what people from out of town do, which is wait in line at Voodoo Doughnuts.
@Jim and @Ginny - No! Still cash only. But I didn't ask about it. They might take cards when they're fully up and running... but, personally, I doubt it.
A doughnut costs what, a couple of bucks? Give them cash.
Small merchants whose typical product or purchase is under $5 often don't do cards, because it eats such a chunk of the margin. That 3% estimate, Dobber, is actually low for merchants who have to contract individually for their processing. I get mine through my trade association, so my rate is mercifully lower, but I still pay $150~ per month in processing fees.
My average sale in my shop is $12, and my average charge card sale is $17, so it's worth it for me to take cards. But if I were a doughnut shop and planning to take cards, I'd know that lots of people are only going to buy a couple of bacon maple bars, or a glazed and a cuppa drip. I'd have to set a $5 minimum for card sales because they are costly. If you care about a local merchant, you pay cash for small purchases.
Right. But if I can think about how many times I would have purchased a doughnut (gladly paying a $.50 fee for under $10), or ordered MORE doughnuts than I had cash for...
I don't know. Multiply that by a lot. That's their lost opportunity for not having a credit machine.
The donuts are good, sure, but those lines 20 deep for a damned donut at night are about as silly as waiting 45 minutes for a tofu scramble on a sunday morning.
@dobber and @thebookgeek: So to avoid a 25¢ charge from the credit card companies, they expect me to pay a $3 ATM fee? I've never understood that logic. If you don't take cards...fuck you, really. I'm just done putting up with that BS.
Furthermore, it is actually a violation of the merchant agreement with visa and mastercard to charge a fee or set a minimum for the transaction. Either take them or don't. I highly doubt a place as wildly popular as voodoo doughnuts would have a problem paying the processing fees, especially with the higher volume of customers they'd bring in with cards.
The journalists will parade!
Normal Portlanders everywhere will shrug!
Small merchants whose typical product or purchase is under $5 often don't do cards, because it eats such a chunk of the margin. That 3% estimate, Dobber, is actually low for merchants who have to contract individually for their processing. I get mine through my trade association, so my rate is mercifully lower, but I still pay $150~ per month in processing fees.
My average sale in my shop is $12, and my average charge card sale is $17, so it's worth it for me to take cards. But if I were a doughnut shop and planning to take cards, I'd know that lots of people are only going to buy a couple of bacon maple bars, or a glazed and a cuppa drip. I'd have to set a $5 minimum for card sales because they are costly. If you care about a local merchant, you pay cash for small purchases.
I don't know. Multiply that by a lot. That's their lost opportunity for not having a credit machine.
Credit cards are a shitty deal for consumers and businesses. Just go the the ATM once a week you lazy fuck.