September 2019 Archives

The Cost of Cash

Cash is great. I think all stores should accept it. In fact, there’s been plenty of backlash when stores don’t accept it because it limits consumer choice and can be seen as a form of discrimination against those who don’t have a bank or credit card. But accepting cash isn’t free. For stores that accept cash-only, or those who pass the 3% charge on to the customer, I think they’re missing something critical: there is absolutely an associated cost with each transaction, and in some… Continue reading