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That's true but it's not all savings; if you accept credit cards then you get to pay credit card fees.
by usefulcat 5y ago
That's true but it's not all savings; if you accept credit cards then you get to pay credit card fees.
- jdeibele 5y agoYes, but there used to be elaborate systems for handling cash. Department stores had pneumatic systems that would take deposits of cash and zap it to the strong room. When I first started shopping at Costco #2 they had such a system. The armored car fees, the bonded employees in the strong room, the extra guards, insurance, etc. weren't cheap. I remember reading an article about how happy businessmen (we're talking the 60's, so men) were to reduce the cash handling part of the business. Can't find it now but they felt the fees were worth it. Of course, they were much lower then.