kdonnel
DVC-BCV
- Joined
- Feb 1, 2001
The idea that accepting cash is cheap is actually a myth. While some business owners might think the 3 percent fee for processing credit cards is a burden, research from IHL Group shows that cash handling costs many retailers between 4.7 and 15.3 percent.See, here in the U.S. cash costs a merchant nothing.
https://www.plainscapital.com/blog/the-cost-of-accepting-cash/
Merchants who think accepting cash is cheaper than credit are misinformed and living in the past.