Ottawa Restaurants Consider Cash-only Payment

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OTTAWA — Two Ottawa restaurants are considering the idea of nixing credit-card payment at their eateries to save money on service fees, reports the CBC.

“Our restaurants are going to do about $1.5 million in gross revenue this year, and we are going to pay $26,000 to Visa and MasterCard. I would love to take that $26,000 and share it with the customers, for sure, but also transfer some of that to my cooks,” said Ivan Gedz, one of the owners of the Union Local 613 restaurant in an interview with CBC Radio.

Meanwhile, Ottawa’s El Camino has already implemented a cash-only take-out window and will be considering a switch to cash and debit cards following further research and review. [cbc.ca]

 

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