Remix.run Logo
chiph 3 days ago

Most of the cost of currency is up-front in it's production and initial distribution. The cost of handling it is also mostly up front (purchasing a wallet to hold it, buying a cash register with a drawer for the bills and coins). The transactional costs are things like taking it to the bank for depositing. But if you have cash to deposit - your business is probably doing things right and this is negligible.

scotty79 3 days ago | parent [-]

> The transactional costs are things like taking it to the bank for depositing. But if you have cash to deposit - your business is probably doing things right and this is negligible.

It's not neglible to the point that some sellers where it's legal don't take cash because credit cars fees there cost less than cash handling.

chiph 2 days ago | parent [-]

For them, the risk of keeping cash on the premises is probably paramount. Of robbery, employee theft, of employees not being able to make change correctly (or getting taken advantage of by a quick-change artist).

https://www.youtube.com/watch?v=iLDgLOga6oE