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I love what ARCO does. Pay with cash it’s cheaper. That’s what most businesses should do. Cash is 5% cheaper for businesses than card. Give that 5% discount. C

• ceejayoz 7y ago
  > Cash is 5% cheaper for businesses than card. Do you have a source for this? https://squareup.com/us/en/townsquare/myths-about-cash https://squareup.com/us/en/townsquare/myths-about-cash (full disclosure: clearly a potentially biased source) > Research shows that cash-handling costs range from 4.7 to 15.3 percent of revenues for businesses that accept cash. The majority of those costs are associated with starting and closing drawers at the start and end of the day. > Said another way, for every $100 a business makes in cash, it’s spending $4.70–$15.30 to handle all the costs associated with managing the drawer, preparing deposits, making change orders, dealing with possible theft or fraud, and auditing. Fewer cash transactions means less time counting money, less time making change, and a lower likelihood of mistakes or theft.