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Why? Because handling cash is expensive. You need to make trips to the bank (takes time + risk) to deposit, or you pay some company to do it for you (cost). Po
by pizzalife 3y ago
Why? Because handling cash is expensive. You need to make trips to the bank (takes time + risk) to deposit, or you pay some company to do it for you (cost).
Positives: You don't need to deal with any of that.
Negatives: You can't take business from people who only have cash, but depending on what you're selling that might not really matter.
- blibble 3y agothe employees need to manage their floats too (counting before and after + balancing it) and you likely need a safe on premises too when their floats under/overflow, and controls around that cash is a huge pain in the ass
- superfrank 3y agoDon't forget that there's far less risk of theft, both from employees and non-employees when there's no cash on site. Also, needing to keep cash in small bills in the drawer to make change is a big pain in the ass.