Where I live (Canada) the banks charge about 2.25% as a cash deposit fee. Credit card fees are not that different. By far the least expensive way to take payment is with a debit card - only 3-4 cents per transaction.
The security risk of cash is not worth it in that context. And my electronic payments show up in my account the next day. It’s hard to beat the convenience.
Where I live (Canada) the banks charge about 2.25% as a cash deposit fee. Credit card fees are not that different. By far the least expensive way to take payment is with a debit card - only 3-4 cents per transaction.
The security risk of cash is not worth it in that context. And my electronic payments show up in my account the next day. It’s hard to beat the convenience.