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Re:Open Source Visa/Mastercard Competitor: Zenobia Pay by vidarh on Thursday August 14, 2025 @03:53AM (#44897880)
Average cash handling cost is typically estimated in the range of 4%-15%. You're right that there might be individual differences in what it would cost to handle a single transaction, but a store isn't in a position to pick and choose - they handle an aggregate. If your electronics store only handles large transactions, maybe their percentage would be lower, but that's extremely rare. And even so, handling large cash amounts comes with its own costs around security.
Re:Open Source Visa/Mastercard Competitor: Zenobia Pay by JumpCrisscross on Thursday August 14, 2025 @05:44AM (#44898565)
> Average cash handling cost is typically estimated in the range of 4%-15%

I think the assumption is they declare only a portion of their cash receipts.

Re:Open Source Visa/Mastercard Competitor: Zenobia Pay by vidarh on Thursday August 14, 2025 @05:47AM (#44898583)
I think that is commonly the reason why some businesses do offer discounts, but note the person above replied to "but for rules-following merchants taking cash isn't any cheaper than paying the credit card fees" which seems to have specifically anticipated exactly that.
Re:Open Source Visa/Mastercard Competitor: Zenobia Pay by eszed on Wednesday August 20, 2025 @12:08AM (#44958553)
Yes, exactly. The business team at my (rules-following) company were ecstatic when municipalities around us began disallowing cash payments during COVID. Taking cash is, for us, directly 2-3% (and actually more, if you count labor, which is difficult to track) more costly than the vig on credit cards.