2 ms·

> ...and a barrier to crime... A decent barrier to street crime - which, yes, does push emotional buttons. But now-obviously at the expense of facilitating no

• pxx 2y ago
  Cash logistics typically cost much more than credit card fees no matter where you are located [0]. In the US, explicit cash deposit fees are typically only at ~0.1-0.3% (as a consumer you don't see these but check out a business fee schedule), but there's a lot more that goes into cash logistics, including transport, the risk of counterfeiting, internal and external theft, etc. Cash discounts in the US are mostly a way to encourage the customer to collude in tax evasion. It's not an actual comparison of costs. [0] see e.g. https://sbecouncil.org/2024/07/01/the-cost-of-cash/ https://sbecouncil.org/2024/07/01/the-cost-of-cash/ for a US based analysis. this is even before you consider increased spend when people use cards.
• tonyedgecombe 2y ago
  >But now-obviously at the expense of facilitating non-street crime, and "non-profit" attacks on computerized infrastructure. I was thinking more about internal crime (people dipping into the till) and tax evasion.
• johnisgood 2y ago
  Here in Hungary sometimes online stores charge you extra if you want to pay with cash.