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If they weren’t turning a profit, they wouldn’t be pushing this.
by imwillofficial 4y ago
If they weren’t turning a profit, they wouldn’t be pushing this.
- Denvercoder9 4y agoIt's not mutually exclusive. For example, if the operating costs of a cashless system are 1%, the operators charge 3% and cash costs business 5%, the operators turn a profit while it's advantageous for businesses as well. If businesses lower prices with the 2% they saved, it's advantageous for consumers too.
- imwillofficial 4y agoI disagree with those figures. In my experience handling cash is not nearly as expensive as transaction fees.