Percent of in-store retail sales in cash ???

Crazy Horse · Mar 14, 2017

I've often wondered, what kind of % of total dollar sales in retail stores is paid for by cash? So we're talking "in the store" purchases (not on the internet or other kinds of invisible electronic transactions). So across-the-counter retail stores like when you would purchase stuff at NAPA, the local gas pumps, going out for supper, hardware store, grocery store, Wally World, etc etc etc. I'd guess that even 10% would be high and it's probably less than that maybe?

rrlund · Mar 14, 2017

It's 100% if I'm the customer.

RBnWA · Mar 14, 2017

4520BW · Mar 14, 2017

Its 0% if I am the customer. I put everything on the visa and pay it online every week. The cash is kept for private purchases like tractors and guns.

Eldon (WA) · Mar 14, 2017

(quoted from post at 10:21:53 03/14/17) I've often wondered, what kind of % of total dollar sales in retail stores is paid for by cash? So we're talking "in the store" purchases (not on the internet or other kinds of invisible electronic transactions). So across-the-counter retail stores like when you would purchase stuff at NAPA, the local gas pumps, going out for supper, hardware store, grocery store, Wally World, etc etc etc. I'd guess that even 10% would be high and it's probably less than that maybe?

My guess would be less than 25%. Having run a roadside produce stand, I was amazed at the number of people who would write a check for less than $5. Standing in line at the grocery store or Walmart I rarely see anyone whip out cash to pay...usually my luck the lady in front of me has to use 2 or more credit cards...

Jerry Coulter · Mar 14, 2017

It has become 100% cash with me. I feel that the card companies have to be abusing the merchants in order to fund that cash back bonus.

Part Time Pete · Mar 14, 2017

My family has a small cider mill we run each fall, and we can only take cash or checks - it's surprising how many people carry neither
I always try and keep cash in my pocket, but I've finally broken down and got a debit cad - they are handy
Pete

rustyplow · Mar 14, 2017

From what I see, 10% guess is high. For me, I only use the card if I need something over the phone or internet. Everything else is cash or maybe a check for a big ticket item. Wife however is a debit card user. Don't like to carry cash.

Ozlander · Mar 14, 2017

(quoted from post at 13:06:43 03/14/17) It has become 100% cash with me. I feel that the card companies have to be abusing the merchants in order to fund that cash back bonus.

The cash back thingy is paid for by the people who run the card up to max, miss a payment and pay 25% on the paid off balance.
Happens more than you would think.

Ted in NE-OH · Mar 14, 2017

I charge everything I can because I get 1-1/2% cash back, so I pay less than the person who pays cash. Times have changed.

Lanse · Mar 14, 2017

I used to work at a smaller retail store when I was in high school, which included counting down the register drawers at the end of the day!

We sold about $XX,XXX worth of merchandise in a normal day, and around 1/4 to 1/3 of it was in cash, spread between the two shifts. Working there as a kid from the debit/credit card generation, I was genuinely surprised - I would've guessed it would be almost all card action! With that being said, we got almost zero checks... At most one or two per shift, and the people who paid with those usually stuck me as "odd" for reasons beyond their choice of payment

Traditional Farmer · Mar 14, 2017

Same with me my Sams Club Mastercard pays between 1% and 5% back on all purchases,fuel is 5% and that adds up for me.They send a check every year for all the rebates for that year.
Cash is actually a hassle for stores,employees make mistakes giving change,no one robs a store to the credit card receipts.

Two Dogs · Mar 14, 2017

Mostly cash for me. Sometimes I write a check at Patel's for gasoline. It gives me something to do while the tank fills. TDF

Mike M · Mar 14, 2017

Many places don't take checks anymore. Local NAPA is one of them. Cash or credit card. I do mostly cash and only do credit card on line or for emergency.

mmfan55 · Mar 14, 2017

I very seldom use credit cards. Too easy to overcharge and end up not being able to pay the card in full every month. I cash an "expense check " at the bank every week. When I look in my wallet and see no money, it is time to quit spending. I have cards for "emergency or unexpected " use. Try to stay with that program

Spook · Mar 14, 2017

I think it dependent on the amount of the transaction. If it is under $10 or 20 dollars, maybe half or more will be cash. If your average transaction averages over 30 or 40 dollars, its likely to be credit or check. I seldom carry more than $50 in cash. Usually less. My wife has been in business for over 30 years, and we have seen the cash and check biz change to mostly credit. We are now getting people who want to pay with their phone.....😳 We haven't got there yet, but you can see it coming.

Two Dogs · Mar 14, 2017

I like that program. It is a good way to stay within budget. I quit spending when I run out. TDF

Pair-a-dice farm · Mar 14, 2017

Mine is a mixed bag, I pay cash at the grocery store, coffee shop and most things under $20. Gas, parts and WM, I use a debit card. Online purchases is credit card and the feed store, Coop, nearly all farm items and utilities is personal check. If I buy anything major from an individual I get a bank certified check. If they don't accept that, they can sell to someone else.

jm. · Mar 14, 2017

Had this discussion with the owner of our local restaurant just last week. She went to another credit card processor because the one she had was too slow. She says week to week about 68% of here receipts are on credit card.

tom stalker · Mar 14, 2017

Most under 30 use debit cards....don't carry cash

jeffcat · Mar 14, 2017

I do mostly cash but also use a debit card here and there. Checks are for bill paying like 95% of the time. The world governments are pushing for a cashless society. Think I am kidding? Just read the rest of these replys.

moresmoke · Mar 14, 2017

Don't forget the other things you don't want the wife to know about!

cool hand · Mar 14, 2017

I was surprised recently that my auto dealer would not accept my check for a couple of hundred dollars for shop work done. A year ago they accepted my check for $22,000.00 for a vehicle purchase without a question. Said they no longer accept checks for shop and service work. Too many worthless checks being issued.

Leroy · Mar 14, 2017

A lot of bussiness are adding 3$ prosing fee to all card transictions.
Trailer sales prefers checks because that is cheaper for all than the 3% fee.

Leroy · Mar 14, 2017

A lot of bussiness are adding 3% prossing fee to all card transactions. Trailer sales prefers checks because that is cheaper for all than the 3% fee.

Al Baker(pumpman) · Mar 14, 2017

Each year I use more and more cash. Never had this bounce or have to wait 10 days to use it. Bit$H to try use much at the bank. Tried to pay off some debt with cash and you would have thought I was trying to rob the place. Big brother doesnt want you to use it. If they dont like you using it than there must be a good reason. Al

MarkB_MI · Mar 15, 2017

The trend has been toward plastic for the past forty years. Most folks didn't even have credit cards before then. And with the advent of services such as Apple Pay and Paypal that bypass traditional credit card companies, cash is pretty much on the way out. Certainly retailers is poorer neighborhood deal almost exclusively in cash, but for most stores I'll bet total sales volume is less than 20 percent cash. Big ticket items are almost always paid for with plastic.

Mike M · Mar 15, 2017

Yep sure a pain when most all work places and the banks require you to direct deposit your paycheck.

Crazy Horse · Mar 15, 2017

If your club or group ever has a raffle of some kind, get some feedback from your sellers. Anybody under 30 they try to sell to can't be sold even a $2 or $5 ticket because they don't have five cents in their pocket. I guess that's the way of the world nowadays.

Percent of in-store retail sales in cash ???

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