Quote:
Originally Posted by Larry M
Your right. My brother-in-law is a restaurant owner in Vermont. Last month I asked him why he doesn't have the personnel card readers. He said he can't justify the cost since he would need at least three at ~$600/machine.
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Larry,
I don't understand why he wouldn't spend the lousy $1800 to help prevent fraud in his restaurant which probably costs him a ton more. Heck, if he needs three of those machines, he's probably doing $10K in revenue a day, so the cards would cost him a few hours of revenue.
And CC fraud in restaurants is significant. Of the restaurant owners I know, they all have it... some continuously. There are so many ways to get your number its hard to imagine.
For me, it's ALWAYS cash at a restaurant... and prefer exact change. Never a CC.