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Discount on cash IME is because they're not putting transactions through the till (POS) so they can commit [tax] fraud. Ran a micro business in UK for 15 years
by pbhjpbhj 1y ago
Discount on cash IME is because they're not putting transactions through the till (POS) so they can commit [tax] fraud.
Ran a micro business in UK for 15 years, cash cost as much to deposit as card did - employee time (counting, reconciling, making deposit) and bank charges for cash deposits. It also slowed down transaction time (which was almost all IRL).