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> 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

> 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.

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.