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What I often find surprising is people or shops complaining about the fees, and then trying to use cash everywhere. Dealing with cash is so incredible expensive

What I often find surprising is people or shops complaining about the fees, and then trying to use cash everywhere. Dealing with cash is so incredible expensive, just because you don't see the fee doesn't mean it's not there. Like my parents had to deal a lot with cash before. That meant thataafter every shift, you had to spend time counting it, and whole processes around that. Safe storage, extra security, extra threat of robbing. Then have to spend time taking the money to a bank, and purchasing rolls of change.

yccs27 3y ago
Most shops accept both cash and credit, and the costs of dealing with cash don‘t go down by much just because half your customers pay cashless.
- matsemann 3y ago
  As for my parent, it's 99% cashless. Might be one person a week or so using cash. So can now skip most of the time waste of dealing with cash. But Norway has had a high card usage for decades, so this might not be as prevalent other places. (I lost my wallet ~2 years ago, including my cards. Everywhere is contactless, so I had no issues just using my watch/phone to pay everywhere I went, until I now recently finally replaced my cards. Even my driver's license is an app now)
  - mixmastamyk 3y ago
    Complete loss of privacy. Personally went back to mostly cash, although it’s not clear how long it will be available.
carlosjobim 3y ago
- There are machines to count cash. - Storage and security doesn't have to be expensive if you're smart about it. - You can set your prices so that you don't keep running out of a certain coin. - You are not obliged to take the money to the bank. It really is not "incredibly expensive" to deal with cash.
- nulbyte 3y ago
  > It really is not "incredibly expensive" to deal with cash. Yes, it is. Cash counters cost money to buy and operate. Storage and security has a cost, and even if it is not "expensive" in isolation, storing and securing cash doesn't happen in a vacuum. You really can't set prices to avoid running out of certain coins, because people buy different mixes of items that may or may not be taxable. And you are obliged to take your money to a bank if you want to pay your suppliers and employees, who all expect a check, direct deposit, or ACH.
  - carlosjobim 3y ago
    It is not incredibly expensive. I've owned businesses that take cash and CC payments. Storage and security are completely dependent on location and other factors. Yes, a business that has a huge revenue might be interesting to robbers, making you have to invest in some security. But if all that huge revenue was paid with CCs you'd also have huge fees for that. If you keep running out of a certain coin, you can usually find that a certain product or common product combination is causing it. This could also depend on your country and what coinage you have. You can also offer every customer to pay part of their purchase in coins and part by card. > Cash counters cost money to buy and operate. Hardly a huge cost for any business that spends a lot of time counting cash. Many employees are fine with getting part of their salary in cash or their bonus in cash. It can also be used for other business expenses, or just your profit if you're a small business. It's mainly with small businesses customers spend cash.
    - matsemann 3y ago
      It might be we're just from different parts of the world, hence our different views. But not in my entire life have I ever gotten paid any other way than a direct deposit to my bank account. To me getting paid in cash is completely alien. And since it's over a decade since I last used cash (at least..), I'm not even sure what I would do if someone gave me physical money. Like, I have no way of carrying it around comfortably. And most places I just use self checkout which is cashless.
hackernewds 3y ago
Most people do not have or tie monetary costs to their time. Only to goods

yccs27 3y ago

Most shops accept both cash and credit, and the costs of dealing with cash don‘t go down by much just because half your customers pay cashless.

matsemann 3y ago
As for my parent, it's 99% cashless. Might be one person a week or so using cash. So can now skip most of the time waste of dealing with cash. But Norway has had a high card usage for decades, so this might not be as prevalent other places. (I lost my wallet ~2 years ago, including my cards. Everywhere is contactless, so I had no issues just using my watch/phone to pay everywhere I went, until I now recently finally replaced my cards. Even my driver's license is an app now)
- mixmastamyk 3y ago
  Complete loss of privacy. Personally went back to mostly cash, although it’s not clear how long it will be available.

carlosjobim 3y ago

- There are machines to count cash. - Storage and security doesn't have to be expensive if you're smart about it. - You can set your prices so that you don't keep running out of a certain coin. - You are not obliged to take the money to the bank. It really is not "incredibly expensive" to deal with cash.

nulbyte 3y ago
> It really is not "incredibly expensive" to deal with cash. Yes, it is. Cash counters cost money to buy and operate. Storage and security has a cost, and even if it is not "expensive" in isolation, storing and securing cash doesn't happen in a vacuum. You really can't set prices to avoid running out of certain coins, because people buy different mixes of items that may or may not be taxable. And you are obliged to take your money to a bank if you want to pay your suppliers and employees, who all expect a check, direct deposit, or ACH.
- carlosjobim 3y ago
  It is not incredibly expensive. I've owned businesses that take cash and CC payments. Storage and security are completely dependent on location and other factors. Yes, a business that has a huge revenue might be interesting to robbers, making you have to invest in some security. But if all that huge revenue was paid with CCs you'd also have huge fees for that. If you keep running out of a certain coin, you can usually find that a certain product or common product combination is causing it. This could also depend on your country and what coinage you have. You can also offer every customer to pay part of their purchase in coins and part by card. > Cash counters cost money to buy and operate. Hardly a huge cost for any business that spends a lot of time counting cash. Many employees are fine with getting part of their salary in cash or their bonus in cash. It can also be used for other business expenses, or just your profit if you're a small business. It's mainly with small businesses customers spend cash.
  - matsemann 3y ago
    It might be we're just from different parts of the world, hence our different views. But not in my entire life have I ever gotten paid any other way than a direct deposit to my bank account. To me getting paid in cash is completely alien. And since it's over a decade since I last used cash (at least..), I'm not even sure what I would do if someone gave me physical money. Like, I have no way of carrying it around comfortably. And most places I just use self checkout which is cashless.

hackernewds 3y ago

Most people do not have or tie monetary costs to their time. Only to goods