Ferrari Mailing List: Re: Business Banking

[Brian E. Buxton (BrianBuxton]

Why would they not want to accept cash?  Accepting any other form of 
payment (except a check) COSTS money!  Amex charges the seller/vendor 
3.5 - 5% of the purchase price, and VISA/MC, etc. charge about 2.5 - 3%

Brian



Tom Reynolds wrote:

> I heard on the radio about a month or so ago where a D.C. area coffee shop
> or cafe or some such doesn't accept cash.  Some people were going to take it
> to court, but (and others can chime in here) even though the currency says
> "This note is legal tender for all debts, public and private" there's
> nothing that says a business has to accept cash (or can penalize it for not
> taking cash).
> Think it was on NPR in the AM...
> Best regards,
> Tom Reynolds
> Tulsa, OK
> ----- Original Message ----- 
> From: <ferrarifixer [at] aol.com>
> To: "Tom Reynolds" <kjtar [at] cox.net>
> Cc: <ferrari [at] ferrarilist.com>
> Sent: Saturday, December 02, 2006 8:52 AM
> Subject: Re: [Ferrari] Business Banking
>
>
>  
>
> > I purchased my last Ferrari (F355B) from a retired bank manager near
> >    
> Cincinnati about a year ago.  He insisted on a bank wire transfer.  He
> wouldn't take a "certified" check, bank check, or any other kind of check.
> I wanted to pay some of it in cash, and I was very surprised that he
> wouldn't accept cash either.  I had to twist his arm to accept a $500
> deposit to hold the car until I could arrange transfer of funds.
>  
>
> >  Times they are a changin'.
> > Regards,
> > Michael
> >
> >
> > -----Original Message-----
> > From: FList [at] hanshansen.org
> > To: ferrarifixer [at] aol.com
> > Cc: ferrari [at] ferrarilist.com
> > Sent: Sat, 2 Dec 2006 12:03 AM
> > Subject: Re: [Ferrari] Business Banking
> >
> >
> > A good friend of mine is a retired bank manager.  I'd like
> > to get her word on how you **reliably** get funds from
> > a complete stranger.   Now that she is no longer connected
> > with the bank, it could be interesting............
> >
> > Hans.
> >
> > On 12/1/06, BRIGANDBAR [at] aol.com <BRIGANDBAR [at] aol.com> wrote:
> >    
> >
> > > No disagreement with anything that you have said here.
> > >
> > > As they say, the "proof is in the pudding". If a bank in which you have
> > >      
> no
>  
>
> > > other accounts will release the funds to you, that in and of itself is
> > >      
> about
>  
>
> > as
> >    
> >
> > > close as you can get to being certain that you will be paid for the
> > >      
> item in
>  
>
> > > question.
> > >
> > > That is why customs brokers and escrow agents prosper.
> > >
> > > Dr. Steve
> > >
> > > 1964 Rolls  Royce Silver Cloud III    1975 Pontiac GV Conv.
> > > 1980 MB  450SL                 1982 RR  Corniche
> > > 1988 Rolls Royce Silver  Spur         1994 F-350 Powerstroke  4x4
> > > 1996  Bronco                                  2000 Lincoln Town Car
> > > 1995 Ferrari 348  Spyder                 2004 Excursion
> > > + Audrey's 3x MB's
> > >
> > > Dr. Stephen B. Spies, CES,  CFI
> > > Director, Forensic Sciences Laboratory
> > > Explosives Engineering  Technologies
> > >
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--
Brian E. Buxton

President, Buxton Motorsports, Inc .
www.BuxtonMotorsports.com
(812) 476-2281 x 209
Member ThaList.com

Managing Partner, Private Label Livery Services
www.PrivateLabelLimo.com 

President, Brian Buxton Enterprises, Inc.
Nationwide Enclosed Auto Transportation
www.BuxtonMotorsports.com/storage-transportation.php 

Founder & Past President
SO. IN Region PCA
www.pca.org/soi