3 ms·
well they must take cash anyway, so cost of handling cash isn't that significant compared to fixed+variable cost of credit card.
by cute_boi 2y ago
well they must take cash anyway, so cost of handling cash isn't that significant compared to fixed+variable cost of credit card.
- rootusrootus 2y agoThere is no federal law requiring a business to accept currency. You may be in a local jurisdiction with such a law.
- ac29 2y agoIts been a long time since I worked retail, but I remember the costs of cash handling to be quite a bit more than you might assume: -Count cash drawers in and out for every employee, every shift -Count cash payments received & change returned -Prepare daily bank deposits -Take daily bank deposits to bank, get more change I couldnt say exactly what percentage all of that adds up to, but I could see it being 3% or maybe even more.