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Comment by beAbU | Hacker News Reader

And yet, when last did you get a 3-4% discount when paying cash? I remember that from the 90s and 00s.

In fact, I have seen some small places ask a 3-4% surcharge for cash payments, because banks don't process cash for free any more.

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I have never seen a place with extra fees for cash. However I know many small shops that give discounts for cash or only take cash for small purchases.

A lot of places around here charge a bit less for cash payments.

Cash only restaurants are often 10-20 percent cheaper than comparable restaurants.

That would be because at least some of the cash bypasses the cash register and the tax report.

Edit: alternatively they might not have same profitability requirement as other restaurants, because a cash-only restaurant is perfect front for money laundering.

And they're probably just not comparable restaurants on average.

My barber only takes cash. $18 for a standard haircut.

That's not because of card fees but because of taxes. They can underreport their cash income, but can't do that if the bank and card processor are involved.

Had some fun with the thought of a “Standard Haircut”: https://chat.openai.com/share/cd2948ce-2285-4491-b58f-877abb...

Every gas station in my area offers a lower cash price.

I'm guessing it could be because when you pay cash you go into the store which causes people to buy stuff and they more than make up the cost.

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