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Handling cash is not free. You have to count it. It can be easily stolen. It is a target for armed robberies. In addition, credit cards increase how fast you c
by RcouF1uZ4gsC 4y ago
Handling cash is not free. You have to count it. It can be easily stolen. It is a target for armed robberies.
In addition, credit cards increase how fast you can process customers. Given all that, I am not sure that credit cards are such a bad deal for merchants.
- supertrope 4y agoDebit cards is the cheapest payment mode for merchants. Then cash. Credit is most expensive.
- lotsofpulp 4y agoNot if the merchant wants to evade taxes. Which is why you see 10%+ discounts for cash (but not debit card or ACH) at some small businesses or independent contractors.
- kube-system 4y agoYeah, cash looks cheap when being handed over the counter, but the costs are realized later. Brinks and Loomis are both multi-billion dollar companies.