You know the old saying: “Cash is king.” But with cash transactions in decline, “Plastic is preferred” would be a more accurate adage these days. In 2011, cash transactions made up 27 percent of point of sale purchases. By 2017, that number is expected to plunge to 23 percent.





Comments


Written by lyceum
2671 days ago

I understand if some small business owners don't take credit card payments due to the charges with fees and other related costs with having a card terminal, etc. But with smart mobile payment solutions, e.g., Cube, Square, iZettle, it will be easier for the vendors and not a such high entry investment as in the past.

As a personal side-note: I look forward to the day when I visit America again and give 1 American silver dollar (1 troy ounce) as a tip for a great service at a restaurant, coffee shop, etc.

"silver is the money of gentlemen" - Norm Franz.



Log in to comment or register here.
Subscribe

Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!