Why no cash?
Depends on the type of store, but
1. No cash, or little cash on hand=no hold-up losses
2. No employee theft (No bills over $20; "employees can't open safe, etc. You've seen the signs)
3. No scams (I gave you a $20 and you only made change for a $10)
4. People these days don't know how to make change (Delays and customer aggravation)
5. Less inventory shrinkage
6. We used to run a cash heavy business. On busy weekends, two employees had to leave once or twice a day to make bank deposits. Yes, we had a safe, but wanted it known that there was little cash on premises.
7. CC means no bounced checks, esp. in a tourist dominated customer base.
8. Customers spend more with a CC than if they are limited to cash in hand
9. If my wallet is stolen, I can freeze the CC, but the cash is gone forever.
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