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I have read (but can't verify) that credit card fees are similar to the costs of cash handling.
by LorenPechtel 5y ago
I have read (but can't verify) that credit card fees are similar to the costs of cash handling.
- TimPC 5y 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 5y 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.