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> The shopkeeps who are also the owners are so appreciative as it's essentially a 5-7% "tip this is false reasoning on their part. They never have thought abou

> The shopkeeps who are also the owners are so appreciative as it's essentially a 5-7% "tip this is false reasoning on their part. They never have thought about how much cash costs them so it looks like extra money but it really isn't. they need to count the time lost to counting the cash as you pay, then the time to count the money in the till at the end of the shift. Each count above is 2 counts at best the average is closer to 3 because you sometimes get it wrong. There is also theft costs which is generally ignored but a real problem. credit cards is money right to the computer which is not only fast it makes less mistakes.

snuxoll 1y ago
Many banks also charge fees to process cash deposits for business accounts, as well. It's still often a tenth of credit card interchange fees, but between that, labor to balance your cash drawer, and actually go to the bank to make the deposit, the difference isn't as substantial as you'd make it out to be if you only look at the direct surcharges to process the payments. That said, while I default to using Apple Pay for basically...everything, I too do not wish to live in a society where large companies get to govern every transaction I make. Or, for that matter, every transaction I make being on a ledger that the government can monitor.
- pixxel 1y ago
  [dead]
normie3000 1y ago
> they need to count the time lost to counting the cash as you pay Do they? Unless the shop's always serving customers, this may be free time.
- LocalH 1y ago
  Even if the place is jacked, if you have enough staff, this could be one trustworthy person (under camera surveillance) that has other functions throughout the day.
- bluGill 1y ago
  customers come in groups (lunch hour is when many shop) so the free time is a different part of the day and you send them home. When a clerk is counting cash they could serve the next customer. If there isn't a customer they could stock shelves or clean. stores might have one clerk doing nothing at a till but there are several more scattered around the store doing something else while waiting for a help needed call. You also completely discounted the managers time counting cash in the backroom. That is more than an hours work in my experience, time that could be used for other things.
  - lucyjojo 1y ago
    in japan we got a lot of cash counting machines. you put your money in the slots and it counts it.
rascul 1y ago
> they need to count the time lost to counting the cash as you pay Many of my cash transactions are approximately as fast as or even faster than card transactions.
- account42 1y ago
  Plus cash always works while card transactions are sometimes not available or get declined which either means time wasted until the customer finds a working card or a lost transaction.

snuxoll 1y ago

Many banks also charge fees to process cash deposits for business accounts, as well. It's still often a tenth of credit card interchange fees, but between that, labor to balance your cash drawer, and actually go to the bank to make the deposit, the difference isn't as substantial as you'd make it out to be if you only look at the direct surcharges to process the payments. That said, while I default to using Apple Pay for basically...everything, I too do not wish to live in a society where large companies get to govern every transaction I make. Or, for that matter, every transaction I make being on a ledger that the government can monitor.

pixxel 1y ago
[dead]

normie3000 1y ago

> they need to count the time lost to counting the cash as you pay Do they? Unless the shop's always serving customers, this may be free time.

LocalH 1y ago
Even if the place is jacked, if you have enough staff, this could be one trustworthy person (under camera surveillance) that has other functions throughout the day.
bluGill 1y ago
customers come in groups (lunch hour is when many shop) so the free time is a different part of the day and you send them home. When a clerk is counting cash they could serve the next customer. If there isn't a customer they could stock shelves or clean. stores might have one clerk doing nothing at a till but there are several more scattered around the store doing something else while waiting for a help needed call. You also completely discounted the managers time counting cash in the backroom. That is more than an hours work in my experience, time that could be used for other things.
- lucyjojo 1y ago
  in japan we got a lot of cash counting machines. you put your money in the slots and it counts it.

rascul 1y ago

> they need to count the time lost to counting the cash as you pay Many of my cash transactions are approximately as fast as or even faster than card transactions.

account42 1y ago
Plus cash always works while card transactions are sometimes not available or get declined which either means time wasted until the customer finds a working card or a lost transaction.