Here in the UK, most banks charge business account holders about 1% when they deposit or withdraw cash. Add in the labour costs of cash handling, the risks asso

Here in the UK, most banks charge business account holders about 1% when they deposit or withdraw cash. Add in the labour costs of cash handling, the risks associated with cash on the premises and (in many cases) the costs of a secure cash-in-transit service and it's potentially more expensive to take cash than cards. Multiple studies have found that customers are more willing to spend and typically spend more per transaction when using cards rather than cash, so the merchant charge is usually a sound investment by the retailer.