Paying Cash Helps Local Businesses

 

Credit cards cost local business profits that can mean the difference between make or break.

I frequently eat at Miro’s Food Truck on the FIU south campus. The guy makes the most delicious pulled beef sandwiches and succulent grilled chicken I’ve tasted. I could go on and on about the food, but that’s not the point. The point is, I want Miro to stay in business so I can keep eating his tasty sandwiches. To help him, I try to pay cash as often as possible. Debit cards are only free for the user. For merchants like Miro, they can take as much as 20% of his revenue.

I want Miro to thrive and franchise and provide good food and good jobs.  To help him do that, I need to make sure he doesn’t have to pay Visa or MasterCard because I hadn’t the foresight to bring cash.

A final note on simple ways you can help the economy: check out Banxodus. Many people are moving money from untrustworthy, expensive banks to user-friendly ones, and Banxodus is a tool to help find the good banks  in your area.