(((tedfrank)))

@tedfrank ↗

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Last Checked Oct. 1, 2022

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Tue Sep 20 14:31:40 +0000 2022

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(((tedfrank))) @tedfrank

@PhilipWallach @AriSchulman 3. Also it seems like Square makes accounting a lot easier for restaurants to comply with tax reporting? That’s also a transactions cost that may make credit worth it. — PolitiTweet.org

Posted Sept. 20, 2022

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(((tedfrank))) @tedfrank

@PhilipWallach @AriSchulman 2. Cash has transactions costs—hiring people to carry to bank, employee theft, accounting. As crime goes up, credit card relative cost to cash decreases. Local mom and pop stopped taking cash because burglars kept breaking glass door of restaurant to steal safe. — PolitiTweet.org

Posted Sept. 20, 2022

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(((tedfrank))) @tedfrank

@AriSchulman @PhilipWallach Because the US doesn’t have widely circulating coins worth more than $0.25, vending machines have to take credit cards or dollar bill readers or use apps. Apps break much much less often than credit card and bill readers—each of which are susceptible to crime. — PolitiTweet.org

Posted Sept. 20, 2022