The sushi spot near my place raised their credit card min to $10 from $5. I usually get something around $7. This change wil llikely decrease the
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number of times I go there now.
Overall do you think it will increase sales (people will need to add a few more things) or decrease?
Having such a min is lame anyway. How much do they need to pay the run the card anyway, like 25 cents?
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Responses:
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Ummm, cash?
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Covington
Apr 3, 02:32
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a. it might violate their merchant TOS with the bank. b. I used to get BBQ from this place, but they put in a minimum, my order was just under it, he
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zeitgeist
Apr 2, 20:22
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I didn't actually get sushi hence it is cheaper. I get a chicken teriyaki bowl (about $5.99) plus a miso soup ($1) to go. -- nm
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James Bond (aka Igor)
Apr 2, 19:27
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google sez current rates are ~20-30 cents per transaction plus a percentage between .5 and 5%, plus statement fees,
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b.
Apr 2, 19:21
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Wow, I usually drop $20 when I go out for sushi and I would guess LA is more than here -- nm
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Bacon
Apr 2, 19:19
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I think the threshold is low enough that it won't matter. $7 is insanely cheap for sushi. -- nm
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MDH
Apr 2, 19:17
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I think it's actually 0.25 + a percentage, but I might be wrong. -- nm
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Beryllium
Apr 2, 19:15
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There's a per transaction charge, could be like 10 cents. But they also have to give a percentage of all CC sales. Could be like 6%
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con_carne
Apr 2, 19:12
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I think $7 sushi customers are probably in the vast minority at an LA sushi place
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professor smartbrain
Apr 2, 19:11
3
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On a $7 purchase, the profit margin could be as little as a dollar, meaning it's taking 25% of the profit. -- nm
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David
Apr 2, 19:01
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