A new study from financial analysts at the Aite Group says that handling both Debit and Credit cards is more cost effective for merchants and retailers than handling cash.
According to details in the Credit Union Times, the report, “Tender Truths: The Real Cost of POS Transactions in the U.S., found debit cards the least expensive method of payment for merchants, costing significantly less per transaction than cash or cards.It broke down the costs of different payment types across three broad retail sectors: specialty retailers, quick service restaurants and convenience stores.”
