Right but was mainly replying to "unlike credit, there's are no fees associated with it so it's slightly better for the seller too." There are fees for handling cash payments too.
If you accept cash -> banks have a fixed transaction fee (anywhere between $2 to $25 for any amount of money).
If you accept credit/debit/mobile -> there are atleast 2 transaction fees - one by the payment provider (generally % based) and one by your bank (fixed fee).
If you accept cash -> banks have a fixed transaction fee (anywhere between $2 to $25 for any amount of money).
If you accept credit/debit/mobile -> there are atleast 2 transaction fees - one by the payment provider (generally % based) and one by your bank (fixed fee).