“I’m sorry.”
“I shouldn’t be doing this.”
“It’s all I have.”
The all-too-familiar refrains of the regular credit card user may soon be put to rest thanks to an entirely different plastic invention, a little white square about the size of a thumbnail.
In general, smaller establishments prefer cash transactions because they cost the businesses nothing, while each credit card swipe costs businesses a certain percentage on top of the monthly fee they pay just to have the ability to read cards with what is called a merchant account. The thinking is that if you’re really supporting small business, you’re not paying with a card. Problem is—who carries cash these days?
