A friend was recently advised
not to bother with accepting cash
from her small business’s potential customers
as
“no one uses cash anymore.”
Is this true?
Nope.
As Carlos Arango,
principle researcher
with the Bank of Canada,
shares in
March/April’s The Costco Connection
“Cash is the most frequently used payment method
at the retail check-out
and accounts for 54 percent
of all transactions in Canada.
With transactions under $25,
the percentage jumps to
70 percent.”
Society is not cashless,
not yet.
If you are selling in retail,
investigate
before eliminating cash transactions.