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> I can see all the advantages from their POV Advantages of cashless? Is the cost of handling cash really greater than the percentage paid to the payment proc
by 0x445442 8y ago
> I can see all the advantages from their POV
Advantages of cashless? Is the cost of handling cash really greater than the percentage paid to the payment processors? It's an honest question and I'd be interested in some real studies on this because it would seem to be a hard metric to measure.
- dev_north_east 8y agoFrom my limited view of it all. Having no cash means a reduced risk of robbery, burglary, stealing cash by staff, not having to do bank runs, getting change in etc. I don't know the costs or anything, but it must make sense for these businesses at least?
- 0x445442 8y agoDoes it make sense? Do the things you list add up to 2.5% - 3% of their revenue? I don't know.
- dev_north_east 8y agoI don't think they're that high. I did a brief search and both locations mentioned are using the iZettle in the following link (1.75%) - https://merchantmachine.co.uk/contactless/ https://merchantmachine.co.uk/contactless/