The decision whether or not to use cash payments in your business comes mostly down to need. Do you need to deal in cash? Taking into consideration all the risks there are, it\u2019s always down to \u201cneed\u201d and not \u201cchoice\u201d.\u00a0<\/p>\n
For an example, if you\u2019re in the business of having small kiosks or outskirt selling points, chances are that also accepting cash payments lets you have more customers. Contrary to that, it may be that you\u2019re unable to have bank debit or credit card payments in these locations (due to whatever infrastructural or technical obstacles) meaning that you\u2019re pretty much forced into dealing with cash.<\/p>\n
On some other occasions it may be that allowing cash payments means you\u2019re getting more customers, however, only accepting cash means you may loose customers, because nowadays most of us are expecting to be able to pay with our bank debit or credit cards.<\/p>\n
It\u2019s a fine balance here and there, but don\u2019t forget that more options and alternative payment methods means more customers. Yes, inherently it\u2019s more hassle to you as you have to keep it all up and running, plus deal with accounting for it, but the question is at the end of the day if it\u2019s really worth it. Do you need it?<\/p>\n","protected":false},"excerpt":{"rendered":"
The decision whether or not to use cash payments in your business comes mostly down to need. Do you need to deal in cash? Taking into consideration all the risks there are, it\u2019s always down to \u201cneed\u201d and not \u201cchoice\u201d.\u00a0<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,29],"tags":[],"class_list":["post-4053","post","type-post","status-publish","format-standard","hentry","category-1-basic-accounting","category-1-1-cash"],"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/4053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/comments?post=4053"}],"version-history":[{"count":2,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/4053\/revisions"}],"predecessor-version":[{"id":4058,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/4053\/revisions\/4058"}],"wp:attachment":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=4053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=4053"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=4053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}