Woodman's Food Market employs more than 3,400 people in Wisconsin and Illinois, averages 200,000 - 250,000 square feet per store, and is a debt-free company.
But what caught my attention was the sign on their front door: "No credit cards. Debit cards only".
How can such a large chain exist without accepting credit cards?
Clint Woodman, Vice President of Woodman's Food Market, shares the business side of accepting credit cards as a business and why they never have and never will accept credit cards - for the good of their customers!
Also, Gary Leland talks about Stripe, a mobile and web payment option, and why he chooses to use a wireless credit card processing machine instead.