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A comment on On Cash. Parent comment

Re:On Cash by paulie_a on Monday October 15, 2018 @10:38AM (#18220025)
Do they really charge a 9.50 transaction fee?
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Re:On Cash by andirk on Tuesday October 16, 2018 @06:26PM (#18233837)
No. They give the $9.50 back to you. But on paper, you took $40 out of an ATM. On their end it's like you handed them $40 and they owe you change.
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Re:On Cash by Spivak on Monday October 15, 2018 @04:36PM (#18223459)
No, it's a method to preserve purchaser privacy.

* You purchase some goods.

* Store triggers an 'ATM' withdrawal of a multiple of $20 that is greater than the cost of your purchase.

* You actually buy your goods with cash behind the scenes.

* The teller hands you your change from the cash transaction.

Same as having an ATM next to the checkout counter but the customer doesn't have to do the awkward step.

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