3 ms·

I imagine handling cash probably has hidden costs that are comparable to the swipe fees, though.

• bcx5k15 3y ago
  It does. Here in the UK at least, it's usually a lot cheaper to take cards than to pay transport (this is a real pain) and deposit fees (the latter is 2% on top of a fixed monthly fee, for my business account) so its usually only tax dodgers that go cash only I think in the US merchant fees for card transactions are much higher though so may be a different ball game over there.
  • arethuza 3y ago
    I thought that was really clever when the supermarkets started offering cashbacks - customers get a means of getting cash easily and they reduce the amount of cash they have to transport and deposit. Mind you - haven't used that for years and I think most supermarkets have stopped offering it.
• deleted 3y ago
  [deleted]
• Arnt 3y ago
  "x costs three times as much as y" is a kind of comparison ;) (The factor of three is real, but perhaps that business had unusually bad contracts with the credit card companies. I wouldn't know.)