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Considering how widespread accepting cash only is, you'll end up paying more for ATM withdrawals than you save on the lower merchant fees (that is, if the merch
by def_true_false 9y ago
Considering how widespread accepting cash only is, you'll end up paying more for ATM withdrawals than you save on the lower merchant fees (that is, if the merchant even passes those onto you). Unless you want to carry hundreds in cash on you.
I've also noticed that not many people pay contactless, even when the terminals support it... and the cashiers tend to assume that the card is not contactless for some reason.
- pgeorgi 9y agoATM withdrawal typically is free (at the same banking group). The merchant fees are part of the total cost, so lower fees provide a competitive edge to the merchant. (the listed price also contains VAT, so you pay what's on the sticker, not like in the US) Aldi (a discount grocery chain) didn't accept _any_ cards for a long time to avoid these extra costs. In short: the German market situation is rigged in favor of cash, which is "free", which is hard to compete with when you're selling credit card services for a living.
- lovich 9y agoWhy kind of world has people saying cash is rigged to be cheaper. It's the medium of exchange, everything else is on top of it. Of course it costs more!