2 ms·
Every small business owner I've talked to in the US is either indifferent or prefers cash.
by coldpie 10y ago
Every small business owner I've talked to in the US is either indifferent or prefers cash.
- Symbiote 10y agoIf [1], of which I've only skimmed the summary, shows that the EC was aiming to "calculate a level of interchange fee that makes the merchants, on average, indifferent between a transaction by cash or by card", and if that's the level that's been implemented in the EU, then they can probably call it a success. In the last 3-4 years, I've been surprised a few times when small businesses (plumber, street food seller, dry cleaner) have preferred a card. [1] http://ec.europa.eu/competition/sectors/financial_services/dgcomp_final_report_en.pdf http://ec.europa.eu/competition/sectors/financial_services/d...