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I think there used to be a minimum charge per transaction (somewhere between 10-15c.) which made it prohibitively expensive to take cards for small value transactions. So you might pay 2 or 3% on a €10 transaction but 10% or more on a €1 payment...
That’s fine of course. People can do what they want. If you are cash only there’s no issue! Just talking the bigger world. Of course if you are a volunteer cash will possibly be cheaper as it is zero costs for your services!!
There is quite a bit online about strategies Spanish banks have used to sign up business customers and talks about competitive rates and often mentions 1-2% even for he smallest operators with very small turnovers.
I guess it comes down to how...
I dont't know if that is a real problem, I run a small business and I only pay 1.35% transaction fee, taking cash to bank tcosts a lot more than that. At minimum wage it would probably cost half an hour to bank £600. A small business probably...
@TravellingMan22 , I agree.
Yes Spain, as with many other countries, used to be a cash society - and in some smaller villages it's still very much is. However as we have discussed here numerous times on the forum COVID changed all of that. Or...
It strikes me that folks view on whether to pay by cash or card is governed by their country of origin rather than what works in Spain! Spain is a highly progressive country that has invested millions in digital payment and is really putting...
As others have intimated you don’t too much ! The growth of card payment (min Spain and contactless within that), and decline in cash payment has been quite significant, in what is a highly ‘banked’ population,
A few places don’t take cash...
I would just go to an ATM when you arrive. If you are just 1 person, 200 euros is probably fine. If you need more, there will be banks along the way or in Santiago.
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