Mandates on Credit Cards Will Allow Big-Box Stores to Cheap Out on Security

It’s rare these days to see a cash-only business in the United States. Why? Because consumers prefer the security of credit cards and enjoy earning rewards, while businesses like faster, safer transactions and higher sales. Accepting cash is also more expensive for retailers. Cash costs on average over 9% of every transaction. At a cost of 2% of every transaction, credit cards are a bargain for merchants.

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