Re:In our cashless society, we need to take digital jail ser...
by walterbell on Tuesday February 22, 2022 @10:39PM
(#30437294)
Businesses whose existence is contingent on cost management may find themselves replaced by those that can manage both top line (demand, revenue, culture, brand) and bottom line. Especially IF the economy continues to fragment into online escapism for the poor and 3D experiences for those with discretionary spending, aka "inequality".
Credit card processors charge a processing fee per transaction, but the overhead of physically managing cash and so on isn't free. I expect many stores will decide to stay cashless for that reason, no matter what their peers decide. Being cash-friendly or cash-only is not free, even if people do tend to think of it that way.
As for SF's law, I think it's worth bearing in mind that it was originally written as a shot at the Amazon Go stores.