Precious

Chinese

Description – Chinese Restaurant. Good dining area and outdoor dining. Entrée price range $7-$14+.
Services – Chinese Cuisine, Japanese Cuisine. Free Delivery (Min $5 Local, $10 Outside Hoboken), Take Out, BYOB, Catering
Address – 128 Washington St, Hoboken, New Jersey ( NJ ) 07030-4604
Telephone – (201) 798-8827,(201) 798-8867, (201) 798-8086, (201) 798-8843, Fax – (201) 798-8768

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28 Comments on "Precious"


potatochip
Member
7 years 2 months ago

I typically carry cash and understand that merchants pay a fee.

Bottom line here… you cannot charge me for using my debit card. I don’t care if it’s for a pack of gum.

hobokengolf
Member
7 years 2 months ago

Don’t you all realize that the problem is that credit card companies charge a high, PER TRANSACTION fee to merchants?

Rather than cause pain to the small business owners who lack the leverage to negotiate lower transaction fees – why not write your congressperson and for the elimation of all PER TRANSACTION fees in favor of a simple flat percentage charge for credit card purchases.

Some merchants pay as much as 50 cents PER SWIPE on debit cards. That means if the debit card DOESN’T authorize and they need to run a second card – its two swipes and $1.00 for the transaction. Thats on top of whatever percentage they may pay. And remember – it’ll be TWO SWIPES even if you just entered your PIN number incorrectly!

Credit card swipes (versus debit) usually have somewhat lower ‘per transaction’ fees – but higher ‘percentage’ fees.

I do not enforce any particular minimum at my own business – but I do let people know that I prefer cash on smaller transactions and exactly why I prefer cash on smaller transactions: PLAINLY, I CAN’T AFFORD IT!

Visa/MC/Amex/Discover are committing something HEINOUS. They need further regulation – especially regarding merchant fees. They are a monopoly – a business MUST accept these cards or they will not survive.

8thStGuy
Member
8thStGuy
7 years 2 months ago
They aren’t really doing anything HEINOUS at all. They are offering a service, for a fee. They are not MANDATING you use this service, but simply offering it. Yes, in this day and age you would be quite foolish not to accept a CC or Debit card, but again, you are CHOOSING to do so. The other option is cash or check only, and install an ATM in the shop for customers who don’t have cash or check on them. In response to hobokengolf who said: Don’t you all realize that the problem is that credit card companies charge a high, PER TRANSACTION fee to merchants? Rather than cause pain to the small business owners who lack the leverage to negotiate lower transaction fees – why not write your congressperson and for the elimation of all PER TRANSACTION fees in favor of a simple flat percentage charge for credit card purchases. Some merchants pay as much as 50 cents PER SWIPE on debit cards. That means if the debit card DOESN’T authorize and they need to run a second card – its two swipes and $1.00 for the transaction. Thats on top of whatever percentage they may pay. And remember – it’ll be TWO SWIPES even if you just entered your PIN number incorrectly! Credit card swipes (versus debit) usually have somewhat lower ‘per transaction’ fees – but higher ‘percentage’ fees. I do not enforce any particular minimum at my own business – but I do let people know that… Read more »
Stpaddygirl
Member
7 years 2 months ago

Yeah I have been told they have a minimum too – oh and don;t keep asking for duck sauce the waiter doesn’t like that much

potatochip
Member
7 years 2 months ago

I did report them and very interesting point HOB424. I wonder how they get around that. Hmmmmm….. I’ll do some research and let you know what I find.

HOB424
Member
HOB424
7 years 2 months ago

Interesting, I didn’t realize they couldn’t require minimums.

Does anyone know about places that charge one price for cash and then a higher price for credit – I see alot of gas stations do this?

homeworld
Member
7 years 2 months ago

The Federal Truth-in-Lending Act prohibited surcharges on credit-card purchases until 1984; since then, there has been no Federal law on that subject. (Other provisions of the law are still in force.) The states of CA, CO, CT, FL, KS, MA, ME, NY, OK, and TX have laws against surcharges, according to Bankcard Holders of America.

Discover allows surcharges on credit-card purchases, except in the above states. Visa and MasterCard prohibit them. American Express discourages them in general, and specifically prohibits them by merchants that also take MasterCard or Visa because Amex doesn’t allow merchants to discriminate against it.

There is a loophole: merchants are allowed to give cash discounts. This means in practice that they can’t charge you more than the labeled price if you pay by credit card, but they can charge you less if you pay cash.

via stason.org/TULARC/finance/consumer-...redit-card-users-more-than-cas.html

In response to HOB424 who said:
Interesting, I didn’t realize they couldn’t require minimums.

Does anyone know about places that charge one price for cash and then a higher price for credit – I see alot of gas stations do this?

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