Greg_T,Australians love credit cards, and generally cash use is on the decline. But our wash still only has 30-40% credit cards payments, growing slowly but steadily. I expect that over time the credit card % will get higher and higher.
We are lucky to have $1 and $2 coins. Most of our take is from $2 coins, so this improves the situation further. It would certainly make cash handling a lot more of a headache with 10 x 20c piece (closest to the US quarter) rather than a $2 coin.Greg_T,
I can't help but think that the fact that because Australian operators ... especially for self service bay only operators ... are able to optionally use your $1 & $2 coins that it provides a healthy incentive tension for the credit card processing executives to keep their "current norm merchant fee" rates from creeping upwards.
Pertinent to showing those Aussie specific coins being a bit more Covid-19 pandemic protection friendly ... I notice your 2 higher denomination coins are both 92% Copper. Scientifically proven to allow the virus to have a much shorter surface life because of the high content of copper!
Because of "low hanging fruit" of proven Seigniorage Savings for your government ... Australia also possibly has a bit less pressure for its leaders to raise public infrastructure & other needed taxes.
BTW ... kudos ... your Australian made MicroCoin QLs have been a lifesaver in terms of quality & reliability for our six (SS only) bays.