Grumpy Old Man
Striker
If it's so expensive to deposit cash why do some businesses make it cash only for transactions under a certain amount, EG £5 minimum spend by card?
I can think of 2 off the top of my head that have a £5 minimum for cards. Card Shop place on Chester Road next to Post Office and the Harbour View pub down Roker. With processing cash being so expensive you would think they'd be glad for punters to use cards?
It's because of the commission rate on card transactions, and there's usually a fixed charge for hiring the terminal. Below a certain level it's not cost-effective. Banks get you all ways.