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Cash handling has costs. Not just risks.

This is something that always seems to be missed in the discussion of cash vs credit card or other payment systems. Yes, credit cards come with a cost (heavily limited in places like the EU), but so does cash -

  - your transactions often take longer with cash
  - for a small business, someone has to deposit regularly
  - larger businesses require staff and secure transport of cash
  - All sizes of business will have various accounting and reconciliation overheads
  - You have to maintain a float
All this stuff takes time and pushes up staffing and other costs. I have no idea if it's comparable to the usual credit card cut, bit it always sticks in my craw when cash customers complain that they should get lower prices because their purchase doesn't involve fees.



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