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Message: <blockquote data-quote="acbc" data-source="post: 882390" data-attributes="member: 1619">Every business that accepts CC tend to lose from 1% to 3% depending on the bank. It is a take it or leave it situation.If take, you will receive more customers - esp walk-ins (very important for retail outlets). Yes, you will lose some money but will gain from the heavier walk-in traffic.If leave, you will receive less customers - bad business move. Not many customers will bring large amount of cash these days. Will you bring RM 20k in your own pockets?No right?Do you now uncomfortable it was to carry stacks of RM 50s or RM 100s in your pocket? I used to do that (while helping with family business) and I can say... it is not good thing to do since with the increase of crimes out there.However, I've seen a walk-in customer going to a performance shop in Sunway and throw stack of cash on the counter requesting the specialist to upgrade his car. Now, that's something you don't see every day.And some customers don't like the idea of paying more for using CC - some retailers can't absorb the bank charges easily. This is also a bad business practise and should never be repeated. If possible, try to hide it or allocate some extra funds just for bank charges.In our ever changing world, CC dominates as the safest mode of payment in both conventional and online stores. Forget BS stories of people having their cards clones while attempting to purchase something online. I'll been purchasing most of my goods online since 2001 from Amazon, RightStuf, Ebay n many more. Not even a single fraud case.</blockquote>

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