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The article doesn't explicitly mention that handling cash as a business isn't free and comes with its own set of problems. I can understand why one might choose
by ptmcc 2y ago
The article doesn't explicitly mention that handling cash as a business isn't free and comes with its own set of problems. I can understand why one might choose to eschew cash as the cost is greater than any lost business these days when most people have/prefer card or mobile payments. Contactless payments have gotten very fast, low friction, and widespread.
I'm not taking a stand one way or the other and I acknowledge the problems of cashless-only, but I understand why businesses are increasingly often not finding the cost of dealing with cash worth it.
- xyst 2y agoCash is “messy.” Employees can mess up change. Bills can get stuck to each other. People can pass you fake bills. Robbers can steal the drawer. Insurance rates probably go up. For businesses with a high number of cash transactions (ie, strip clubs), it’s best to hire an armored courier to transport to bank.
- timw4mail 2y agoNot to mention the pain of making change