Re:Britain being forced to go cashless 'against its will'
by aix1 on Friday April 01, 2022 @12:34AM
(#30875230)
Thanks for the insight! I imagine there must be other costs, such as secure storage and transportation of cash? Also a bank might impose handling fees? (The latter in particular is pure guesswork on my part.)
If we split the difference (30 minutes) and factor in my big hourly wage ($7 an hour), it’s at around $3.50 a business day per location. That’s not huge money, but still works out to close to $1,300 a year for one location. Multiple that by a few million and it’s a serious cost.
Great comment.