Story Of The Day

From Knuckledragger:

I wandered into the gun shop on the public square in town yesterday afternoon about 1 PM to buy a brick of 22LR and when I went to pay for it with cash, Brett started laughing at me with, “I guess you’ve heard about that credit card bullshit too, huh?”
He told me his credit and debit card sales are down 90% lately and every single one of his sales so far that day were cash transactions.

I’m going to head over to our local merchant of death later to see if he says the same.


    1. Sadly, gun store sales are but a tiny part of their income from transaction processing fees, but every little bit helps.

      1. If we could get a majority of gun owners in this country to forgo ALL credit card purchases for a couple of months this would go away. Sadly, we probably can’t organize it.

        1. Fisher,
          That would be great but gun owners are worse than herding cats.

          If we’re going to use cash at gun stores because of tracking, we might want to become very hesitant to use credit cards at other businesses too. If they make 2% on each of our purchases then let’s do what we can to make a dent in the revenue of these credit card companies employing these abhorrent policies.


    1. I used to install and monitor transaction systems and actually, the retailer’s cost of handling cash is more than 2% of sales.

  1. You want to get out of the credit card habit? RETIRE! It’s amazing how fast you stop using the plastic then inflation is skyrocketing, interest rates are close behind, and your only income is Social Security and a monthly pension check.

  2. Depending on the amount of actual cash being taken in by LMOD (local merchants of death), they may have to file a “currency transaction report” upon deposit of the cash. This is an IRS which dates back to the 1980’s and was a way the IRS could track actual cash as a purported means of identifying cash from the illicit drug trade. The threshold is a $10,000 per day – anything above that is mandated to be reported.

    1. Doesn’t matter. Very few gun stores have reported daily sales in excess of $10k, even during panic buying periods like Covid. Only the large gun-sellers like Wal-Mart or Bass Pro get anywhere close to that, and their reporting is largely ignored by the IRS as long as it’s steady, without too many peaks and troughs.

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