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I mean, cash is also expensive in its own way. It has to be handled and insured, coins may need to be rolled before being taken to the bank, a register is a mec
by mikepurvis 7d ago
I mean, cash is also expensive in its own way. It has to be handled and insured, coins may need to be rolled before being taken to the bank, a register is a mechanical device to power and maintain, petty theft by employees is a concern.
It's not really that hard to see why a business charging $5-20 per transaction from people who all have phones and credit cards anyway might choose not to accept cash.
- why-el 7d ago> a register is a mechanical device to power and maintain, surely a million times less expensive than a subscription to a POS....this is not a strong argument.
- nemomarx 7d agoif you cut out all the other details they mentioned I guess. how much do you think taking the cash to the bank weekly costs?
- carlosjobim 7d agoNothing, because the owner is rejoicing every step of the way. I'd say employee theft is the only reason a coffee shop would be "no-cash", and fear of robbery in a few places.
- warkdarrior 7d agoYou think the owner is taking the cash to the bank?? Unless they are an one-person operation, they likely have an employee do it (among their other duties).
- carlosjobim 6d agoThe employee will of course rejoice on the owner's behalf when walking to the bank.
- mikepurvis 6d agoTransporting and handling cash is absolutely not free, and unlike joe sixpack taking out $20k in a stack of benjamins that one time to buy a motorcycle with cash, it's much worse when a. a lot of it is coins, so it's heavy and bulky, and b. it becomes a regular thing that everyone on the street observes you doing over and over