Credit Card Economics

I recognize that there is a cost to businesses for using credit cards. Mostly, that's the amount the CC company charges. What everyone forgets is that there is a cost to business for using cash. We've been using cash so long that we do not recognize those costs:

• Cost of having cash in the drawer at the beginning of the day.
  
• Cost of counting and dropping of receipts at the end of the day.
  
• Cost of a system (cash register) just for dealing with cash.
  
• Cost of staff to process customers manually.
  
• Cost of errors in making change.
  
• Cost of crime and fear of crime. Etc.

If a business could stop taking cash, there would be huge savings. They won't because it's the law, but the costs are real - and I suspect they are at least as large as the CC fees.