I just wanted to pay attention to the great business idea, not great product.
81 karma · joined August 19, 2009
I just wanted to pay attention to the great business idea, not great product.
In most cases not-only-cash policy makes good business sense. Especially when the competitors from the same street or at least competitors from the same industry have such terminals.
Most of the shops are not discount stores. They have normal products, with normal prices. They can (and should) pay some extra money for a possibility of card payments, because if they want to exist - they need to meet customers' needs. Today, most people expect that they will be able to pay by card.
However I know few of the shop owners. All of them are saying the same thing: problem is money or sometimes technical issues (e.g. someone doesn't know how to use computer or a terminal for card payments; doesn't want to learn new things; is afraid of new technology).
As for an amount of purchase... I understand transaction fee problems related to these kind of things. That's why I think that people need to realize that if they want to pay by card - they need to buy something more then just a newspaper. Unfortunately we can't jump over the bank charges.
However... it would be a really good idea to build a system, which would take money from your bank account or a credit card once a month for all the things you bought in that month.
When you are working on external projects (however not only) you put more time to schedule, because you are afraid about the unpredictable things. All of that is because all delays cost you lots of money. However in many cases you don't need to do it. In many cases finishing tasks as soon, as it possible is much more important than having some time, which was scheduled for something unpredictable. Especially when you are working on your own projects.
That's the point of Parkinson's Law.