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Certain shop owners fail to realize that managing cash (instead of plastic) is expensive too -- probably even more expensive than AMEX extremely high fees. If you factor in: counterfeited currency, risk of robbery, lost business, trip to bank to deposit/withdraw cash etc,, it's easy to see how expensive managing cash is. Here in Holland i'm actually starting to see shops that only deals with plastic and don't accept cash.

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We actually find in our bricks&mortar that it's least expensive to deal with cheques (but only very very rarely does someone pay with a cheque). Customers believe that it is better to pay cash and that we must be charged a lot for card payments (they offer to go to the cash machine down the hill). Reality is that the bank screws us either way^W^W^W^W charge us for cash and card at about the same rate in our case - they make cheques free as we're an SME.

I think that don't accepting cash is a little too much. However I agree with you. Managing cash could be even more expensive then managing money on electronic bank accounts.

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