Cash has transaction costs too, and those are already built into business pricing: 1. Time spent by staff counting and reconciling cash after close of business

Cash has transaction costs too, and those are already built into business pricing: 1. Time spent by staff counting and reconciling cash after close of business or at the end of a shift 2. Time spent on bank runs or on an armoured car service that picks up your cash and deposits it at the bank 3. Banks actually charge businesses cash-handling fees for both providing and receiving large quantities of coins 4. Safes and other security mechanisms for keeping cash on your premises 5. Higher insurance premiums when you have lots of cash on hand Businesses that completely eliminate cash also eliminate these costs.