royals119
Registered User
I don't get this one. There are banking costs that go along with debit/credit card for each transaction that the seller pays. Maybe they are trying to get rid of the people who have to count the cash at the end of the night.
I own a small business, and I keep getting emails all the time from my credit card processor, reminding me that it is cheaper to process a credit transaction than a cash transaction. For a large business with multiple registers like a baseball field, I'm sure that is true. All the counting and recounting, reconciling, getting the cash to the bank (courier, armored car), theft, setting up registers for each event, cost of all the start up cash just sitting around at the building vs being in your bank account, etc. It all adds up to more than the 3-5% the banks are taking on a credit/debit transaction. Not to mention the cleanliness issue. If the cashier is handling cash and handling food that isn't really very sanitary. Some places you see them putting gloves on and off as they switch back and forth, but it really slows things down.