No, it really doesn't, besides the fixed investment of buying a cash register. The idea of being forced to hand over a percentage of all my earnings to private company is abominable. I pay taxes to the elected government, not to some bank. It's why I only accept checks, ACH transfers or cash as payment, and it saves me 3% of my income a year over taking credit cards.
In the EU fees are capped at around 0.3 % I believe.
And you're mistaken if you think cash is cheaper for most stores. You risk theft (so need to pay for measures against that), you have straight losses from mistakes, have to spend time handling and counting cash, spend time depositing, spend time buying change, etc etc
I’m pretty sure there are fees involved with running a cash register, aren’t there? At least in Sweden, the machine has to be certified, registers with the tax authority and then inspected for re-certification regularly.
Regarding cash, does your bank not charge a fee for depositing cash?
