The Rise of Cashless Payments: Pros and Cons for Small Business

Close up of female cafe guest using smart phone while making payment.

In recent years, small businesses have increasingly adopted cashless payments, favoring credit cards and payment apps like Venmo, Google Pay, Apple Pay, Square, and PayPal over traditional cash transactions. This shift towards a cashless economy has significant implications for business operations, customer convenience, crime reduction, and bookkeeping. Here, we explore the advantages and disadvantages of…

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