Is there a CC, Debit, or other card I can use that's a little nicer to small businesses? (lemmy.world)

submitted 1 year ago by PrefersAwkward@lemmy.world to c/asklemmy@lemmy.world

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I don't know if this is true, but I've heard Visa and other card compabies can sometimes be expensive and difficult to small businesses. Is there something else one could use that's not cash that would be better?

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[-] twistedtxb@lemmy.ca 6 points 1 year ago* (last edited 1 year ago)

CC can take a good percentage on orders, as much as 6% I've heard 8% on super high premium cards like Amex, don't know if it's true

Debit card is usually the best way for small businesses.

If your CC has a 1-2% cashback incentive, it's not because Visa or MC really likes you. The money comes has to come from somewhere.

Some local businesses around me just stopped accepting CC altogether

[-] fred-kowalski@kbin.sh 3 points 1 year ago

I like this take. Payment processors provide a service to both customers and businesses and should get paid, but, the MBA crowd never stops short of anything they COULD get, so they gamify consumers (rewards) and threaten business (nice revenue stream, would be shame if anything happened to it). As a layman l, that’s how I see it. Someone in biz can probably give better detail.

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this post was submitted on 03 Aug 2023

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