[brazzy]

> if you're offering <$10 food items at a mom & pop shop the credit card fees are non-trivial so there probably is a very legitimate incentive to take cash.

Yeah, but not a 10% incentive, especially given that depositing cash isn't free either, for commercial accounts.

> There's also benefits to getting immediate cash that you can put in the bank for expenses at the end of the day vs waiting a day or two for credit card money.

> There's also benefits to getting immediate cash that you can put in the bank for expenses at the end of the day vs waiting a day or two for credit card money.

patio11 actually argues that it's the opposite which explains why stores offer you to take out cash along with your purchase when you pay by debit card) in another article at https://www.bitsaboutmoney.com/archive/the-infrastructure-be... - "And so, getting magical paper out of the till and into your wallet without it first visiting the bank saves the retailer money. It can also, potentially, earn the retailer a small amount of float. Cash in its tills is dead money and may not be deposited until e.g. the end of the week or later, but selling that paper to a customer for real money results in it arriving in their bank account faster than physically walking it to the bank."

It might be different for a small mom&pop store that actually deposits their cash every day, of course.