Cash is still king
Another stupid technobabble answer to a question that didn't even need to be asked.
As a merchant, I get to pay a percentage of sales PLUS a monthly fee to MasterCard, Visa and AMEX for the privilege of being allowed to sell my stock. Customer has a bad day, calls card company - boom, instant chargeback, I lose the money, the merchandise, and get to pay a $25 penalty, whether the chargeback is valid or not. I also have to wait for the payments to clear before I can spend what is now MY money.
So obviously, this is just what I need - give these financial vampires another way to get a taste of MY cash flow, I'll need a terminal, PCI compliant, of course, pay a monthly fee, pay another percentage on even more of my cash flow, have an entire new and additional universe of problems and hassles, and have to raise my prices even more if I expect to stay in business.
The whole concept is total bullsh*t. It does not add sufficient value to my business to be worth even 1% of the hassle. If some bright young vendor shows up on my doorstep to tell me what a great deal this is, I shall use him for target practice, and I have LOTS of ammunition.
Peace (and solvency) through superior firepower.