Credit Cards Are Killing Main Street
Use Cash
Non-cash payments offer customers unrivaled convenience, paid for by retail business owners, to the great enrichment of giant financial corporations. For wealthy areas and big businesses, it may not make much difference. For Main Streets in places like Steubenville struggling to bring life back to their deteriorating downtowns, they’re debilitating. For low-margin outfits like bookstores, they can mean reduce profits from 30 to 100 percent - meaning closure.
It’s all in my latest for the Pittsburgh Post-Gazette, “Fight Wall Street. Help the Little Guy. Use Cash.”