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Unless you are evading taxes, cash has costs to handle, store, move, etc... That is why cashless businesses emerged in the first place.
by jshaqaw 7y ago
Unless you are evading taxes, cash has costs to handle, store, move, etc... That is why cashless businesses emerged in the first place.
- ken 7y agoYes, perhaps I was too subtle but the point of my comment was that (from what I have heard) virtually all small B&M businesses evade taxes when they're starting out. I don't think it's coincidence that all the cashless businesses I've seen are for higher-end (and presumably higher-margin) products. Customers buying a $15 sandwich don't care about cash transactions because the difference between $15 and $17 is meaningless to them. They never pay cash anyway.