Reply to post: Re: Extinct in ten years?

50th anniversary of the ATM opens debate about mobile payments

Khaptain Silver badge

Re: Extinct in ten years?

Depending upon the service provider, number of transactions etc it's usually between 3% - 6%, plus the cost of any setups and the actual machines....

Not a huge number but it definitely has an impact on profit..

On top of that all transactions are recorded, "cough, cough", which the tax man loves but the vendor might not ...

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