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Author Topic: Paying at Hamfest  (Read 4105 times)
KN4LXH
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Posts: 13




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« on: August 17, 2018, 07:22:00 PM »

I'm an old "new" ham and I'm going to Hville Hamfest tomorrow. Do I have to carry large amounts of cash
or do the vendors take plastic?

Jimmy
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W9FIB
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Posts: 2529




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« Reply #1 on: August 18, 2018, 04:32:23 AM »

Most new equipment dealers will take plastic. Most flea market vendors are cash only.
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73, Stan
Wisdom is knowledge you gain after you know it all.
ND4MR
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Posts: 7




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« Reply #2 on: August 19, 2018, 05:36:14 AM »

I agree with the previous post'er: flea market sellers (like I occasionally am) will usually not take checks. I got burned at a hamfest several years ago when I was given what turned out to be a bad check ("account closed").  The moral of the story for a buyer: bring cash. Cash never bounces.
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N2SR
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Posts: 1208




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« Reply #3 on: August 19, 2018, 07:15:10 AM »

As a friend of mine says (he's a ham), "In God We Trust, all others pay cash." 

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If no one is doing it that way, there is a probably a very good reason.
NA4IT
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Posts: 194


WWW

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« Reply #4 on: August 20, 2018, 03:20:58 AM »

As Dave Ramsey says: "Debt is dumb, cash is king!"
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K0UA
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Posts: 4805




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« Reply #5 on: August 20, 2018, 09:28:45 AM »

It is really pretty simple.  What is a Check?  It is "I promise to pay you later thru my bank account".  It is nothing more than a promise.  Do you want to accept a promise of payment from someone standing in front of you, that you don't know and will likely never see again in your life?  Or would you rather be paid right then and there and be done with it.  No risk. You HAVE been paid with cash.

Commercial vendors are willing to take plastic, but nearly all ham-fest exhibitors are just regular hams who do not have a business or any way to take plastic, and have no desire for your promises of paying Tuesday for a hamburger today.

Cash makes no enemies.
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73  James K0UA
ARRL Missouri Technical Specialist
N9AOP
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Posts: 1174




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« Reply #6 on: August 20, 2018, 09:31:03 AM »

Everyone likes 'US GREEN'.
Art
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HAMFESTS
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Posts: 80




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« Reply #7 on: August 20, 2018, 11:34:01 AM »

I usually pay cash for everything in the flea market or new equipment vendor, unless I plan on buying something expensive from the new equipment vendor. Then I'll use a credit card for new equipment vendor purchases over $1,000

I think it's tough for a new equipment vendor to hold thousands in cash at a flea market but if I plan on buying cheaper items they appreciate the cash. And the transaction is faster and the vendor doesn't have to pay credit card fees on a small purchase.

The guys in the flea market want cash because they may use it to buy things from other vendors they reserved earlier in the day or show the wife the roll of cash when they get home from selling their "stuff".

73 and happy hunting
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W6EM
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Posts: 1941




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« Reply #8 on: August 20, 2018, 06:48:48 PM »












The Von Braun Center used to have a generic ATM machine in the entry hallway.  I didn't go exploring, but probably still somewhere in the complex.

HH, unlike many, has reentry privileges, so you could walk to one of two bank ATMs a couple of blocks away, if a significant cash need occurs.

Many of the dealers had cell phone card readers, including a guy in the flea market area that was selling computers.

Hope you enjoyed it and will come back next year.  Not sure that I will, since the attendance was huge.....and not a lot of room to navigate.  Then again, I found a small bonanza of teflon insulated wire for $1 a roll.  Worth the drive, just for that and the German food at the Old Heidelberg...





 
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KD8IIC
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Posts: 797




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« Reply #9 on: August 21, 2018, 11:00:55 AM »

COLD HARD CASH! Take at least hundred in various denominations. Lotsa dollar stuff.
Depending on what you look to buy dictates how much..
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W6EM
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Posts: 1941




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« Reply #10 on: August 21, 2018, 03:05:41 PM »

COLD HARD CASH! Take at least hundred in various denominations. Lotsa dollar stuff.
 [/quote]

Great point.  The guy selling the wire that I bought had **no** change.  So, my $5 and 2 $1s  were just what the doc ordered.....  The eBay robbers want about $5 a roll for similar hanks and would have had to pay more without correct change.

The bank teller looked down her nose when asked for small denominations probably imagining she was passing green to a drug dealer. 
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N9LCD
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Posts: 125




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« Reply #11 on: September 10, 2018, 06:41:34 PM »

Take some used, large denomination currency.

Have you ever  tried to sit on $300 or $400 in $10 & $20 for any length of time?  The only thing worst is a "cattle class" seat on the AirBus!!!

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SOFAR
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Posts: 1492




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« Reply #12 on: September 10, 2018, 08:34:07 PM »

Take some used, large denomination currency.

Have you ever  tried to sit on $300 or $400 in $10 & $20 for any length of time?  The only thing worst is a "cattle class" seat on the AirBus!!!



Do people really store large amounts of cash in a wallet? In their back pocket?

I don't get it.
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N6QWP
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Posts: 778




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« Reply #13 on: October 15, 2018, 08:09:59 PM »

It only hurts until you make the "score" that you have been looking for....then you have your "booty" and no longer have to sit on a wad during the ride home.

If you don't take an adequate amount of cash.....when the opportunity arises, you might just miss it, while having to try and find an ATM machine.  Good luck trying to tell a seller, "I'll be back as soon as I can get the cash....please hold it for me".  Cash and carry.

Most hams (not dealers) are not into plastic (and definitely not into checks) for their buys.  Fast cash gets you what both you and the seller want.

If you are going to Pacificon next weekend, you had better have cash for the used items that regular hams are trying to unload....and those are the "deals".  A dealer who accepts plastic is not going to offer the kind of deals that fast cash will get.  
« Last Edit: October 15, 2018, 08:22:42 PM by N6QWP » Logged
K0UA
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Posts: 4805




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« Reply #14 on: October 16, 2018, 09:40:35 AM »

I have always taken cash to hamfest, as I am usually a buyer. BUT I would like to point out how ridiculously easy it is to get set up to take plastic with square. I set up the wifes little business to take credit cards and it just took a few minutes.  You could be "anything" in the way of a "business" and get set up.  NO monthly fees unlike getting set up with a banking institution.  The money is dropped into you bank account in 1 or 2 days at most. Low transaction fees unless you manually enter the card then it is 3 1/2% +$0.15 cents.  We opted for the chip and dip reader which did cost us about $50 bucks to buy. It is blutooth to your cell phone.  The swipe reader is free and included. If you were going to a lot of hamfests as a seller, I would recommend getting set up to take credit cards. It is ridiculously easy. That $500 old radio you have out there for sale would look a lot easier if the guy could whip out plastic.
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73  James K0UA
ARRL Missouri Technical Specialist
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