Many businesses in my area (central Michigan) have started posting on their doors 10% off for cash or checks. I have customers now asking me do we charge a fee for cards? We do not charge extra unfortunately, we absorb it by adding to cost. Many businesses can't do that and I get it really. I'm retail furniture so we can absorb some of the cost. My last loan in June was 13% I see now a lot of 20% ? I don't know their offers or anything but 20% is harder to absorb and in my area people are using more cash now vs card. I have no problem meeting my payments. I'm already into the last of my payments which I believe whiteout looking was 18mths and I'll have it paid off in December which is roughly 4mths of the 18mths. So I get why people once they met their pay off can offer a cash or check discount. When you don't know when or if you're next loan is coming in the end its up to us as business owners to do what's best for our business. People get frustrated and I understand that but square clearly post there are no guarantees when or if you get another loan. 🤔 that's why I try so hard on here for people to keep processing and swiping away but in the end you pay your bills and only you know what or who is best for your business. I see more and more each day of businesses posting they are making a million plus and hoping for the next loan. Imo square is great and has been awesome for me since 2014 with so many loans but you can outgrow what you think or want out of them. Square is still every day giving out loans and growing as well. We just don't always see the 1000s that get them as they don't post here. I honestly don't mean this message for YOU but just in general so please don't take it like I'm talking to just you but just in general ok. I stay on this page and help and encourage each and everyone tomorrow is a new day and just do what you can to make your business the best it can be! Good luck to you and I hope you have a great holiday season and an even better new year!
