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A comment on Is tipping getting out of control? Many consumers say yes. Parent comment

Re:Is tipping getting out of control? Many consumers say yes by mikhael28 on Tuesday January 24, 2023 @01:46AM (#34500243)
Handling cash is a hassle. It carries risk in terms of losing it, and it takes time to count it and transport/deposit it into a bank. All things that eat into your profit margin, in an industry that has crazy low margin.

You a hater.

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Re:Is tipping getting out of control? Many consumers say yes by Jataman606 on Tuesday January 24, 2023 @02:13AM (#34500454)
How much money you lose by counting money and depositing it into a bank?
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Re:Is tipping getting out of control? Many consumers say yes by akvadrako on Tuesday January 24, 2023 @02:39AM (#34500632)
That depends on many factors of course, but I've seen it ballparked around 2-4%. You need safes, cash registers, insurance, etc.

But credit cards in the US are also like 3% and come with additional risks.

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Re:Is tipping getting out of control? Many consumers say yes by mikhael28 on Tuesday January 24, 2023 @02:39AM (#34500631)
It takes time to do those things. Time is money. It takes time to reconcile in a double entry accounting system the cash you received in business operations. Software does it automatically.
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Re:Is tipping getting out of control? Many consumers say yes by nicbou on Tuesday January 24, 2023 @02:51AM (#34500732)
Where I live there is also a bank fee for dealing with large amounts of cash.
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