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Re:Rural America Turning to Grocers, High-Fee ATMs as Banks ... by netsharc on Sunday December 22, 2019 @03:59PM (#21859624)
Cash also has handling costs for the merchant, like hiring a money transporter or needing an employee or two to take the money to the bank (presumably during bookable hours)
Re:Rural America Turning to Grocers, High-Fee ATMs as Banks ... by beatgammit on Monday December 23, 2019 @01:40AM (#21861896)
But those costs are much less than the network fees since they're done in bulk instead of per transaction. Credit card processing fees are ~3%, so for every $1k in sales, you pay ~$30, whereas going to the bank is a fixed cost and merely takes time and can be scheduled when it's cheapest to do. So dealing with cash scales well since it has a fixed cost, whereas credit/debit gets more expensive (compared to cash) as revenue increases.