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Cash management actually does cost money. You expect bills you get from them to be definitely issued by authorized representatives of the US government and bil
by patio11 13y ago
Cash management actually does cost money. You expect bills you get from them to be definitely issued by authorized representatives of the US government and bills you deposit with them to not disappear, right? Those are not naturally occurring properties of green paper.
Below scale, cash management is thrown in just to get people's business, but at scale, it costs what it costs. Walmart, which has substantially more problems than you on that score, reportedly spends millions of dollars every year just dealing with pennies.
- antidaily 13y agoCost of doing business. But I'm sure they spend many more millions on consulting figuring out how to pass that along.
- apendleton 13y agoThe "cost of doing business" all gets passed along to the consumer, inevitably. That's how businesses work. The consumer has to cover the "cost[s] of doing business" and then some, or companies don't make any money.
- antidaily 13y agoI'm using the phrase to mean something that's inconvenient for a company but ultimately necessary to make more money. Not just any task that's part of everyday business. But maybe I'm mistaken.