Originally Posted by
docbert
That's because the EU has passed legislation that limits the maximum fees that credit card companies can charge to 0.3%, whilst in the US it can be 10x (or even more) as much. At 0.3%, the overhead of accepting cash is almost always going to cost more than accepting credit card. At 3% that's frequently not going to be the case.
Cash may still be cheaper but at .3% it is pretty close. The savings, I think, would come from efficiency, more transactions per hour and reduced labor requirements.