my wife runs a brick and mortar store and her credit card processing fee is around 4% and there is no instant settlement assurance. you can work out the rest yourself.
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and yet she takes credit cards.
I'm sure you can work out why yourself.
Want to be investigated by the tax man ? Refuse payment via credit cards, they'll lock you up with very little evidence.
my business doesn't accept credit cards.
because she's not me :)
The reason is supply and demand. It's not demand by the merchants, it is supply on the customer side. Too many people just find them easy, ignoring the transaction costs.
