Why Some Businesses Want You To Pay With Cash

Fight Back with Libby Znaimer

SOME BUSINESSES STILL CONSIDER CASH TO BE KING Libby Znaimer is now joined by Christina Santini, Director of National Affairs at the Canadian Federation of Independent Business (CFIB), Marco, who owns a corporate catering company, and Mike Ojala, Co-Owner of Swan Dive Bar on Dundas Street West. When shopping or eating at a restaurant, have you been asked to pay with cash or perhaps given the incentive to do so with an offer of a discount? Or was a fee imposed upon you for paying with your credit card? We are joined by a couple of local businesses today to discuss what their transaction policy is and the impact banking fees can have on their profit margins.