Credit costs the vendor 3%, and even debit is still 50 cents. I don't care when ... | Hacker News

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over on March 13, 2016 | parent | context | favorite | on: 90 percent of U.S. bills carry traces of cocaine (...

Credit costs the vendor 3%, and even debit is still 50 cents. I don't care when it's big box stores, but local merchants always appreciate cash.

nowprovision on March 13, 2016 [–]

How much does cash handling costs, counting/paying in, insurance, fake notes, transport to bank, uninsured risks, shotgun robberies, still be less than 3% but not far off imho, we need something smarter than cash but not from giant ripoffs such as mc/visa/amex

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