Today more and more merchants are doing away with accepting cold hard cash as a payment medium. They claim that the proliferation of things like Android Pay and Apple Pay has made it so that more people are willing to dispense with cash to conduct business transactions, and that handling cash at the point of sale has become cumbersome and time consuming. Surprisingly it’s not techno-phobe old people who complain – it’s the younger set who get cash allowances from parents who have the issue with lack of cash acceptance.
- Mundane and slow, restaurants are eliminating cash and finding huge benefits
- Store owners push for reloadable gift cards to reach the cash-only demographics like tweens and the elderly.
- Cards are not the only cashless payment option. Both Android and Apple pay are on the rise.
“He’s one of a growing number of retailers who believe shunning cash helps customers as it speeds up service and frees up staff to focus on less mundane tasks.”