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No, you typically transfer cash from a store once a day, and if 95% of your transactions are card, then you now have only 5% of your takings in your till at the
by fipple 8y ago
No, you typically transfer cash from a store once a day, and if 95% of your transactions are card, then you now have only 5% of your takings in your till at the end of the day.
- michaelt 8y agoThe costs of counting and banking cash are proportional to the amount of cash you take - but the costs of CCTV cameras to point at cash drawers and the driver hours for a single daily armoured car collection are the same regardless of how much money is involved.
- PeterisP 8y agoIf the amount of cash becomes relatively small, then you stop doing collection every day, and also don't bother with an armored car.