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Cash costs as much or more to handle. Potentially ranging from 4.7% to over 15%, costs include labor for counting change, closing drawers, preparing deposits,
by basch 1y ago
Cash costs as much or more to handle.
Potentially ranging from 4.7% to over 15%, costs include labor for counting change, closing drawers, preparing deposits, security expenses like armored transport, bank fees for cash services, insuring against significant risks of theft and fraud.
- IAmBroom 1y agoTrue, but it's a hidden cost, so less "painful" to small merchants. In the end: fairly unimportant... except for that perceived "cost".