CVV numbers

Sun Jun 10 21:17:33 UTC 2012

Something else rarely considered in these discussions is that the cost
of handling cash is upwards of 4%, particularly for larger operations
like supermarkets. Someone has to be paid to count it, wrap it (or the
bank will charge you to do that), often you have a security service
pick it up to bring it to the bank which costs money, and of course
there's theft of all sorts possible, cash is cash, counterfeit bills,
etc.

I guess it's a sunk cost so hard to factor into any single
transaction, but it does add up or did back when most sales were
cash. Until the early 90s (or thereabouts) it was illegal by state law
to take credit cards at supermarkets in Massachusetts for example tho
checks w/ id were ok, pain the neck, I remember it well.

-- 
        -Barry Shein

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