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Thank you, I had somewhat around .2% in mind but I wasn’t too sure. Obviously that depends a lot. For a small business (a one or two person shop), those fees ca
by Matt3o12_ 8y ago
Thank you, I had somewhat around .2% in mind but I wasn’t too sure. Obviously that depends a lot. For a small business (a one or two person shop), those fees can be essentially 0 because they can just bring it to the bank themselves. I an area with a lot of tourists, the cost can be a lot high due to a high amount of thieves. When I was in Amsterdam there were signs at tourist location to leave cash at the hotel and only use cards because of the high risk of theft.
2-3% fees for credit cards are common in the US if I remember correctly, but the EU has capped the fees to .3% for credit cards and .2% for debit cards. My point was just that cash isn’t free. It’s not that much more then a card.