On 22-Jan-12 10:26, Adam H. Kerman wrote:
Graeme Wall wrote:
Handling cash has quite a high cost as well, again, ultimately paid by
the consumers.

Cash has the extreme advantage of being intended as a universal purchase
medium so you DON'T need a credit bank or consumer identification card
or badge, unique to each merchant, that represents a credit card.

What are you talking about? Major payment cards are accepted by
thousands, if not millions, of merchants all over the world. They are
arguably more universal than cash, which is mostly limited to a single
country or group of countries.

S

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