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Old January 23rd 12, 07:40 PM posted to uk.railway,uk.transport.london,misc.transport.rail.americas
Roland Perry Roland Perry is offline
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First recorded activity at LondonBanter: Aug 2003
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Default E-ZPass, was CharlieCards v.v. Oyster (and Octopus?)

In message 01ccda05$a41f2d20$LocalHost@default, at 19:40:08 on Mon, 23
Jan 2012, Michael R N Dolbear remarked:
Finally, there is a non-trivial cost to securely storing and
transporting cash to the bank for deposit and to keeping enough
coins and smaller notes on hand to make change.


Those are the elements which make up the "1%" (rather than "0%")
quoted as the typical cost of accepting cash, versus the "2%" for
cards.


In fact this misses that banks /charge/ businesses that pay in large
quantities of cash, especially coin.


sigh that's where much of the 1% comes from.
--
Roland Perry