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0 pointsThePowerOfFuet3y ago0 comments

It costs businesses money to handle cash; it has to be counted, transported, deposited, and it can be stolen.

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4 comments · 2 top-level

It's fair to say that there's a bit of manual work involved with cash.

But I gotta say if my biggest problem as a business owner was having a pile of cash that took too long to count, well that wouldn't exactly rank highly on my list of biggest life concerns to deal with.

ThePowerOfFuetOP3y ago

Your employees can't steal card transactions made with your POS equipment.

Most banks charge businesses a fee for cash deposits per thousand dollars deposited. It's not typically free.

I would say that it's more or less even between cash and card (although much better in Europe where the fees are capped much lower).

tanseydavid3y ago· 1 in thread

It is an essential part of doing business.

This is almost like pointing out that inventory can be stolen. Of course it can.

ThePowerOfFuetOP3y ago

Of course it is, but it was suggested that the businesses would save money by accepting cash; it might be a case of six of one, half a dozen of the other.

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