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They would have to pay commission on every transaction to whoever owns the terminal and the network.
by zmk_ 8y ago
They would have to pay commission on every transaction to whoever owns the terminal and the network.
- aembleton 8y agoYou have to pay someone to take away the cash and its often slower than tapping your card on a reader.
- zmk_ 8y agoI have not said that it is not worth it. But it really depends on the business and the arrangement. Some banks charge you a fixed minimum rate making small purchases relatively more expensive for the seller.
- megapatch 8y agoActually they pay about the same commission for cash (yes!) when they take it to the bank.
- msh 8y agoBut receiving cash also carries a lot of cost