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From the article: "Businesses are experimenting with going cashless, hoping to speed up transactions, combat theft and create a safer environment for their empl
by mod 7y ago
From the article: "Businesses are experimenting with going cashless, hoping to speed up transactions, combat theft and create a safer environment for their employees."
As the owner of a brick and mortar business (a bar), I can tell you that we do about 60% cash transactions. I just put in an ATM to try to up that number. I'm tired of paying close to 3% fees on cards.
We have had some cash theft from employees but to eliminate that would require 100% credit, which isn't an option for me. A big part of our clientele is service industry, and they're bringing in their cash tips and spending them.
- RandallBrown 7y agoI never thought about cashless places doing it because they were worried about theft from employees. I assumed it was to prevent thieves from coming in and robbing the place. (Makes total sense though that employees would be much more likely to do the stealing)
- Spooky23 7y agoMy grandfather owned bars and would fire any honest bartender. His philosophy was that a bartender who wasn’t stealing was smarter than he was.
- walshemj 7y agoProbably start up business or popups who might not qualify for traditional banking or don't wasn't to go through the hoops.