(no title)
ohstopitu | 8 years ago
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).
astura|8 years ago
Cash has four transaction fees:
1) cost of storing it and counting it
2) cost of physically moving it to the bank
3) transaction fee.
4) increased risk of doing all of the the above.
AckSyn|8 years ago
[deleted]
qaq|8 years ago