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London Transport (uk.transport.london) Discussion of all forms of transport in London. |
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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 |
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