I used to work in a shop when I was younger, and the older generation always asked for “cash discount”. Why on earth would we do that, my boss said to me. We need the money to be in the shop’s bank account, not laying around somewhere and not being used.
I remember carrying several 100k of our money, late at night, to our banks night safe and drop it in. That sucked. And they charged us for this too
Cash is off the books so there is an incentive for certain kinds of businesses like tradesmen to take cash because it still works out cheaper since they don’t have to declare it to the taxman.
I used to work in a shop when I was younger, and the older generation always asked for “cash discount”. Why on earth would we do that, my boss said to me. We need the money to be in the shop’s bank account, not laying around somewhere and not being used.
I remember carrying several 100k of our money, late at night, to our banks night safe and drop it in. That sucked. And they charged us for this too
Cash is off the books so there is an incentive for certain kinds of businesses like tradesmen to take cash because it still works out cheaper since they don’t have to declare it to the taxman.
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