Hacker News new | ask | show | jobs
by astura 3096 days ago
>Also what's the problem with accepting cash?

Is this a serious question?

Downsides of cash: loss due to theft, miscounts, counterfeit currency, and misplacement; additional risk; a need for physical security (a place I know of went cash-only when there was two high profile robberies in a period of six months both of times involved employees getting shot); extra hardware (safes, cash drawers); extra/non-automated accounting; countless time wasted counting and recounting; time and effort to make sure there's plenty of change but not too much; loss of interest income from physical cash being held to make change; time and cost wasted on endless amount of physical transport to and from the bank; etc., etc., etc.

I'm not saying there's no upsides of cash and downsides of cards, its certainly a trade off, but don't act like one is objectively better than the other.

>there's are no fees associated

Not directly baked in, but there's is a business cost due to all of the above.

Not only that but people literally spend more money when they pay with card instead of cash. So accepting card may cost you a 3% fee but your sales to cardholders may go up 4%.

"Trackless and anonymous" is only a "feature" to businesses that commit tax fraud. No honest business is going to give two shits about that.

>all your expenses always end up at companies like Equifax.

No they do not.

>(without letting you know that's the case).

Come on. That's already illegal.