On: Using GnuCash as a Freelancer to Track Finances an...

[Mindless2112]

The vendor has calculated the transaction cost into their prices. You're paying ~2% more than necessary if you pay with cash.

[ThrustVectoring → Mindless2112]

The vendor often isn't even getting that 2% anyhow - it's dead losses from cash-handling expenses and employee theft.

[kerkeslager → Mindless2112]

Not if I shop at cash only places.

Is it feasible to do this all the time? No. But quite often it is.

[spookthesunset → kerkeslager]

I personally believe most of the "cash only" places (or places that beg you to pay cash) only do so to get out of paying taxes. It's a lot easier to underreport your income if your whole business is cash.

[ThrustVectoring → spookthesunset]

Many businesses are cash-only because they had so much credit-card fraud associated with them that no merchant bank is willing to process their payments.

[kelnos → kerkeslager]

That doesn't refute the argument for having and using a credit card for places that do take credit cards, when you inevitably run across one of them.