Why do so many businesses only accept credit cards?

Some people may not want to spend too much of their avaiable credit and want to pay with money order. Others may not have a card or are in debt with one. The business would make more money if they allowed more methods of payment. Win/win. So why don%26#039;t they?

Why do so many businesses only accept credit cards?

The cost of dealing with bounced checks, and money orders which might be stolen or forged, that have to be written off as uncollectable can exceed and profit from additional sales. Remember: if the check is good, the store gets the profit; if it%26#039;s bad, the store loses the whole transaction amount. It%26#039;s better to have it charged and thus guaranteed by the bank.

Besides, people with credit card problems are more likely have bank account problems. People who don%26#039;t have a credit card don%26#039;t make very good customers anyway.

Why do so many businesses only accept credit cards?

I know of no business that doesn%26#039;t accept cash...it might even be illegal. I guess it depends on where you live though.

Why do so many businesses only accept credit cards?

I think this is the way of the future as to many places get robbed ,by using a card there is no cash in the till there fore lowering the risk of being robbed

Why do so many businesses only accept credit cards?

I think most businesses will gladly accept cash, and most companies will also allow you to pay by check.

You might have to go to the bank where you have an account and get a bank check (also known as a cashier%26#039;s check) if you really can%26#039;t get them to accept any other form of payment.

Why do so many businesses only accept credit cards?

Another option would be to use cash, or even a debit card. A debit card is similar to a credit card, but it is linked to your checking account. I would be willing to bet almost ALL places that accept credit cards will accept debit cards.