this post was submitted on 23 Aug 2023
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Australia's transition to a cashless society is underway — but not everyone wins when we get rid of cash (www.abc.net.au)
submitted 1 year ago by Mountaineer@aussie.zone to c/ausfinance@aussie.zone
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[–] dumsum@aussie.zone 7 points 1 year ago

Businesses should just factor merchant fees into sticker price much the same way they would (should?) be factoring in the cost of carrying cash, as consumers we wouldn't even notice. And yes, cash does have a cost (time taken traveling to/from the bank or ATM, risk of loss or theft on the way etc).

Don't pay bank account fees as an individual, please.. there are so many ways to get free banking.