Word: businessese
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To use Crimson Cash, businesses have to pay a $175 one-time fee for equipment costs and 5 percent of any purchases made with Crimson Cash.
More Harvard Square businesses have announced in the past month that they will accept Crimson Cash, a debit-based account that allows University affiliates to make purchases using their Harvard ID cards.
Crimson Cash first entered the Square in 2003, when five local businesses began accepting the debit system by student demand.
Several students said that the availability to use Crimson Cash would not affect their shopping—but the ability to use Board Plus would be an incentive to shop at certain businesses in the Square, they added.
He stressed the need for easier credit to keep small businesses afloat.