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> Thus the total cost to consumers is completely hidden. Just like the cost of paying by any other mean is. Cash or cheque payments are not free.
by mseebach 10y ago
> Thus the total cost to consumers is completely hidden.
Just like the cost of paying by any other mean is. Cash or cheque payments are not free.
- peeters 10y agoThey're not free, but they're a flat rate.
- mseebach 10y agoThe marginal rate within a certain tolerance is reasonably flat, of course, but in a slightly broader perspective, it's not. It's obviously not a clear-cut linear rate (like with CCs), but handling more cash is certainly more expensive. Insurance, mistakes and "wastage" all increase as the sums of money handled goes up. Also, more money takes more (expensive, background-checked) people to count, and it means bigger safes and more frequent pickups.