I think this writer focuses on the buyer side but on the merchant side, there are similar tradeoffs. People (employees, robbers etc) steal cash and it adds work to close out registers at the end of your day. Having no cash in your store solves those problems.
I run a non profit with membership dues and I have tried to just boot the 3% of our membership that pay w/ check or cash annually (I haven’t convinced the rest of the board so we haven’t done it yet). It takes so much extra time to follow it in real life, receive checks in the mail, and effort to deposit in the bank. It’s just not worth the time
I run a non profit with membership dues and I have tried to just boot the 3% of our membership that pay w/ check or cash annually (I haven’t convinced the rest of the board so we haven’t done it yet). It takes so much extra time to follow it in real life, receive checks in the mail, and effort to deposit in the bank. It’s just not worth the time