Hey WD, I hope all is well on the home front, how is the grill working out in the trailer ??????????……. You said you only pay 2.5% per transaction, thats only .25 cents per $10 sale. Is it that low because you own your own equipment. Is there any other fees associated with each transaction or monthly charges ????????????/ thanks for bringing up this post, we have some new vendors starting out and this info may be helpful……………..Bill
Actually, thank MobilCuisine for bringing this one back up. His survey says 60% of those polled take cash only. I think this number would be higher if the poll was comprised only of hot dog vendors. Like I said before, if I had a nimitz class food trailer selling BBQ and other higher ticket items, I’d probably be taking plastic. A credit card machine at a hot dog cart is not going to benefit the cart owner IMO. I don’t want to give away my money to the banks if I don’t have to. I doubt people around here would suddenly double their appetite if I accepted credit cards. They’d probably use the card for convenience, even if they had the cash in their pocket. In which case, the vendor pays for that “customer service”. Biker Jim is OK with that, but me and some others are not.
A flat 2.5% per transaction with no other fees sounds too good to be true. Who is the processing company?