I've been thinking about money lately. Not just the considerations one would expect from the unemployed, but at a larger economic perspective. A couple of things brought this about. One, our school district added a charge for electronic additions to school lunch accounts. That prompted me to research the costs of electronic payments. This was expanded upon by chatting with the folks at Fabric of Life , a local store focusing on Fair Trade products. As they encouraged me to pay with cash or check (sadly, neither of which I had), we got into a discussion of the effects of these myriad charges on small businesses. First, there's a payment they make simply to be part of the network, providing access to the payment system. On top of that, we have a per transaction charge. Then there's a percentage charge of the transaction. I'm left wondering what value these systems add. Well, besides convenience. For me, convenience is the main benefit. I don't need to go to an ATM
Another Seattle Based Tech Worker