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That seems contrary to the trend I have seen here, which is more and more stores going 'cashless', and only accepting credit cards. The cost to handle cash is m
by cortesoft 4y ago
That seems contrary to the trend I have seen here, which is more and more stores going 'cashless', and only accepting credit cards. The cost to handle cash is more expensive than the percentage that the credit cards take.
- deleted 4y ago[deleted]
- jrockway 4y agoI'm talking about this: https://en.wikipedia.org/wiki/Merchant_Customer_Exchange https://en.wikipedia.org/wiki/Merchant_Customer_Exchange Obviously, this was the best of both worlds; a payment network with no fees to the merchants, and no cash to handle. As for things like SaaS, the alternative to credit cards is a signed contract and ACH.
- cortesoft 4y agoI think the fact that it never got off the ground shows that the ask is pretty impossible... it is really hard and expensive to securely run a payment system like that. If you aren't charging merchants fees, how do you sustain it?