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Absolutely! There's no reason why someone paying with cash should be forced to pay 2.5% credit card fee on every transaction (because the merchant isn't allowe
by throw8383833jj 4y ago
Absolutely! There's no reason why someone paying with cash should be forced to pay 2.5% credit card fee on every transaction (because the merchant isn't allowed to give a discount for cash or increase for credit card use) even though they're not even using a credit card. It just forces everyone to use the credit card in order to get some of the fee back.
- LorenPechtel 4y agoI have read (but can't verify) that credit card fees are similar to the costs of cash handling.
- TimPC 4y agoThis was at one point true but credit card fees have been steadily rising with the introduction of larger and larger rewards programs. It's certainly no longer true.
- supertrope 4y agoThere was a central bank study that showed debit is the cheapest. Then cash because of the time spent counting, going to the bank, or hiring an armored car service. Employee theft and robbery risk are also issues. Tax evasion is not a valid savings. Cash handling costs can’t be eliminated until the store goes card only.
- deleted 4y ago[deleted]