Retail Cost of Accepting Cash Infographic
Why is cash so expensive to accept?
Many retailers don’t realize the high cost of accepting cash because there are so many steps involved in handling, counting, reconciling, depositing, ordering and managing it. But the average cost is 9.1 percent of annual cash sales, which takes quite a bite out of your profits.
Find out more about how the cost of cash adds up in the 2018 IHL Cash Multipliers study.