Is it okay to be cash-only, or do I really need to accept cards?
While a cash-only approach is simpler, many sellers find that accepting cards can increase sales enough to offset processing fees.
Cash-only is simpler, but many customers expect card or mobile options and may leave if they can’t pay that way. Even with small processing fees, extra sales often outweigh the cost.
Weigh the tradeoffs
Card payments reduce lost sales and can increase average order size. Cash-only avoids fees but adds time for counting, depositing, and managing security risks.
Consider a hybrid
Many vendors accept cash, cards, and mobile payments to match customer preferences. A basic mobile reader or app is usually inexpensive to start.
You might start cash-only and then re-evaluate as your business expands. Offering payment flexibility can reduce friction for customers making purchases.
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