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Hold on, "cheaper"? Tell that to people paying 1-3% transaction fees on credit cards. Even square is 2.6%.
by yellow_lead 5y ago
Hold on, "cheaper"? Tell that to people paying 1-3% transaction fees on credit cards. Even square is 2.6%.
- sofixa 5y agoI distinctly remember articles about coffee shops and similar going cashless in a few different countries ( UK, France at the very least) because managing cash costs time and money ( it needs to be counted, stored, safely transported to the bank, etc.) and doing card-only payments comes out cheaper for them.
- sgent 5y agoBanks usually charge .9-1.5% for cash deposits, plus staff time to count, insurance, safes, etc. A debit card costs .10c and no %. A well implemented cryptocurrency would be even less.