Donna Bordeaux argues small businesses should ditch cash and checks for credit cards, Apple Pay, and Google Pay. Cashless payments cut security risks, reduce accounting headaches, and simplify operations.
me@donnaalculatedmoves.com
Do you still accept cash as a form of payment in your business? I want to talk to you about why you might want to consider going cashless. In a cashless situation, you don't ever have to worry about going to the bank and having a certain amount of change or ones or any cash on hand. You also don't have the problem of security of dealing with the cash. And if you have employees, you don't have the problem of cash evaporating. I have not used cash to pay for something on purpose in many, many years and I don't think I'm an unusual case. Most people carry a credit card now with the advent of Apple Pay and Google Pay. Make sure you're able to accept those. But most people prefer not to carry cash. There are some older population who still deal with cash and many think that they are helping you get away with something and not reporting in taxes. Please don't do that. You're just devaluing the value of your business by doing that. So think about should I just get rid of dealing in cash? And heaven forbid, I hope we're past the days of accepting checks. Nobody should be doing that anymore. In a business situation, there's just no need for that. So look at the methods of payment that you accept and determine whether your business can go cashless now.
Donna Bordeaux from Calculated Moves Please follow us on Facebook, Instagram and LinkedIn. Make sure you check out our blog and our website from the link link below. Subscribe to our YouTube channel and hit the bell to be notified when we post. To contact me, email me@donnaalculatedmoves.com.
