A “per stop” cash pickup is about €30 in Europe. So scheduling a pickup when you earn €1500 would match the 2% CC charge.
For me that is very risk averse, but others may disagree.
10k turnover and a pickup a day is a 0.3% cost.
Errors occur with digital too (wrong code etc) and are less likely to be noticed by staff.
I do agree with the last point. The cost of cash is not zero, and my original point was that the cost of cash increases with volume. There is a crossover point where digital becomes preferable.
A “per stop” cash pickup is about €30 in Europe. So scheduling a pickup when you earn €1500 would match the 2% CC charge.
For me that is very risk averse, but others may disagree.
10k turnover and a pickup a day is a 0.3% cost.
Errors occur with digital too (wrong code etc) and are less likely to be noticed by staff.
I do agree with the last point. The cost of cash is not zero, and my original point was that the cost of cash increases with volume. There is a crossover point where digital becomes preferable.