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Right but was mainly replying to "unlike credit, there's are no fees associated with it so it's slightly better for the seller too." There are fees for handling
by qaq 9y ago
Right but was mainly replying to "unlike credit, there's are no fees associated with it so it's slightly better for the seller too." There are fees for handling cash payments too.
- ohstopitu 9y agoumm that's highly disingenuous. If you accept cash -> banks have a fixed transaction fee (anywhere between $2 to $25 for any amount of money). If you accept credit/debit/mobile -> there are atleast 2 transaction fees - one by the payment provider (generally % based) and one by your bank (fixed fee).
- astura 9y agoYou're the one being disingenuous. Cash has four transaction fees: 1) cost of storing it and counting it 2) cost of physically moving it to the bank 3) transaction fee. 4) increased risk of doing all of the the above.
- AckSyn 9y agoThose are not transaction fees the buyer/carrier of cash deals with. It's a problem for the merchant and bank.
- qaq 9y agothere is a diff. between no fees and lower fees or different fee structure etc.