Morgan22
Recycles dryer sheets
Not true if you hire armored trucks. Back in '21 when I was dealing with that side of the business, they had a minimum of pickup charge of $600, (which was going up to $1k last I heard) and other misc charges, on top of the % they charged for each dollar they transported for our business. It was so costly, as were our lockboxes for checks received by mail!, we were encouraging our customers to pay by credit card, or even better direct ACH if billed.Some have added that there is also a cost to handling cash payment (the counting, transporting, etc)
I would like to point out that once a business has decided to accept cash and assume those costs, they are sort of fixed costs. The counting and handling process does not get more expensive depending on how much cash was counted/collected.
Whereas the credit card fees do rise with sales as they are usually percentage based.
So unless a business goes cashless, then there is not really an additional cost to accepting cash.