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umm 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 c
by ohstopitu 9y ago
umm 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.