Cash logistics cost much more than 2%. The only reason you see substantial cash ... | Hacker News

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		pxx on Feb 23, 2024 \| parent \| context \| favorite \| on: The Fed is behind the Capital One/Discover merger Cash logistics cost much more than 2%. The only reason you see substantial cash discounts is when people are trying to avoid taxation.

c-linkage on Feb 23, 2024 [–]

But merchants are already paying for cash logistics. Now because of credit card fees a person paying cash has to pay 2-5% more per transaction even when not using a credit card?

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