4 ms·
Cashless transactions (including credit card, debit card, NFC, etc) may include fees of around 2%, but those can be easily exceeded by all the fees and costs of
by pzone 8y ago
Cashless transactions (including credit card, debit card, NFC, etc) may include fees of around 2%, but those can be easily exceeded by all the fees and costs of using cash. This is the extra time and training required of employees, hardware and space for big registers, risk of robbery, employee error, cash handling fees by financial institutions - no mode of payment is free. Why not let businesses decide which payment methods are more economical and competitive for their own needs?
Businesses that offer customers a discount for paying in cash are more likely to be saving that money because they're dodging taxes, not because they're dodging CC fees.