commerce

traveling around japan i noticed that many shops have a cash-only policy for payments

i’ve been running these questions to them and the main reasons are 

1) accounting complexity - they are not used to it
2) high fees

building products with frontier tech | core @builders-garden /urbe-eth /ethrome 🐺

https://limone.lol

Rome, Metropolitan City of Rome Capital, Italy

Animations
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yeah definitely, i’ve been able to use apple pay as well somewhere!

The amount of shops and restaurants accepting card payments has increasing considerably in the last 5-8 years though

Growing veggies for the fine folks of Southeastern Massachusetts, w/ a focus on nutrient quality. Always interested in the evolution of digital payments.  🎩 

We are a cash or check only business…

We accept crypto yet haven’t posted it yet.

~3 percent in fees on transactions adds up considerably for marginal cost businesses.

even in berlin nearly 50% (my guess) of small shops and cafés only accept cash due to high fees etc.

Same for Thailand from what I've experienced in the past 2 weeks. The only place I've been able to use my card is in 7 Elevens and slightly pricey restaurant / bars 🥲

Here in beautiful Thailand...At ATMs the exchange rate is very good, but comes with a 5.5% mark-up fee to convert USD to Thai baht. ATMs are limited to 10,000 Bhat ~ $300 USD for $7 conversion fee. STEEP!