BizSugar.com › Finance › How Cash Payments Could Be Holding Your Small Business Back

Are you still operating a cash-only business, or do you indicate in subtle or not-so-subtle ways to customers that you prefer cash? Perhaps you charge a fee for using payment cards or require a certain purchase amount before they can be used. If your company does all or most of its transactions in cash, you’re actually costing yourself money—as well as putting your business at risk in other ways. Here are some of the hidden costs of accepting cash: