am I understanding this correctly?
this new credit/debit program... ::
so, lcre will take the customer payment directly, ostensibly take their 'cut' for the FIRMS service, and then pass the rest of the customer payment back to the restaurant???
will this be a mandatory function of utilizing LCRE's program?
seems like a great deal for LCRE... but... if im the guy that owns the restaurant, doesn't that mean that LCRE is taking all of my credit card transaction revenue that I need to run my business with,--for a short period of time,-- and then 'promising' to give it to me later? -- and how much later? seconds? minutes? days?... gawd forbid a week?.... and who handles the accounting for ALL of that revenue?? seems like something else the owner will feel he now has to look over his shoulder for-- did LCRE pay me ALL of my reciepts back this week?????
Its a cool and seemingly effecient way for LCRE to both: ensure they are being paid for the service and for immediate cash flow; but thats a pretty big leap of faith for the restaurant owner...
and further... an enormous portion of national chain restaurant business is handled with credit cards... thus an enormous amount of their revenue is taken in this way... will a TGIFridays or a Chilis allow little LCRE to 'process' thier livelyhood (IE: millions or tens of millions in revs) this way??
as long as the restaurnt has the OPTION for this 'service'-- then this is a pretty great function... but as the restaurant, im gonna opt OUT of that 'feature'... i'll collect my OWN money, thank you very much, and pay YOU when i get the bill on the NET 30 agreememnt.
HG>
scribimus indocti doctique poemata passim translated by Philip Francis to mean: "Each desperate blockhead
dares to write” i guess the guy that used this latin
phrase originally in his siggy figured it out... takes one to know one
AI
