6 ms·

But how does cashless pay make it cost a few bucks per serving more? If it is that, why would anyone offer cashless payment? Most Döner and other Street Foods

by zwirbl 6y ago

But how does cashless pay make it cost a few bucks per serving more? If it is that, why would anyone offer cashless payment? Most Döner and other Street Foods in Austria are cash only, but that's not the reason a typically priced Döner costs ~5€

freeone3000 6y ago
Cash-only means no card reader rental, which saves a couple hundred per month and at least 5% of every transaction, and possibly no internet bill, either... But you can't go cash-only because so few people carry cash, that our would drive out your sales.
- zdkl 6y ago
  5% per tx?! Remember, in Europe debit is way more common than credit and the fees are capped.
- tomatocracy 6y ago
  Banks charge for handling large volumes of cash though - can be as high as 2% I think; and as others have said 5% is way way more than you'd be paying to accept card payments. If anything the economic incentives are towards going completely cashless these days.
- distances 6y ago
  > at least 5% of every transaction In EU 0.3% or 0.2% depending on card type: https://www.reuters.com/article/us-eu-payments-cards-idUSKBN0JV2SV20141218 https://www.reuters.com/article/us-eu-payments-cards-idUSKBN...
  - imrelaxed 6y ago
    You can easily get sub 2% in the US if you shop around and have ok volume. Just as much exaggeration in this thread as in the article.
  - Symbiote 6y ago
    The company supplying and supporting the card machine adds a fee, so it's more like 1-2%.
- carlob 6y ago
  And I'm pretty sure no receipt and under-reported taxes. But what am I saying, that's only something that happens in PIGS, nobody evades taxes in Germany...
mytherin 6y ago
Cash only also means you can skip on paying (part) of the taxes because there is no record of any transactions.