In small towns, cash payment is cheaperPosted by: admin | Posted on: July 11, 2017
In large metro cities, use of debit and credit cards is widespread online and offline also. However in small towns, credit and debit card payment offline is more expensive , due to additional processing charges of 1 percent or more, so for a person with limited funds, it is better to make cash payment.
The number of people transacting at a particular store, in a small town with a population less than 24000 , will be fairly low, so the cost of processing the transaction will be higher compared to a metro city with a population of millions
Network, processing equipment problems are also widespread in small towns , so almost everyone is preferring cash payment, especially for low value transactions.