Cash is king! That used to be the case – but not anymore! Recent studies show that consumers are relying more on cards and carrying less (if any) cash in their wallets. More and more, customers are expecting businesses to be able to accept plastic and mobile payments. Businesses that do not take cards are not only missing out on transaction opportunities, but also risk being seen as an inconvenience with patrons who could be less likely to return. The other reasons why might be surprising! This article from The Washington Post gives some great insight as to why more people are moving from cash to plastic.
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