Is it okay to be cash-only, or do I really need to accept cards?
Cash-only works, but accepting cards often boosts sales enough to outweigh 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 can begin cash-only, but reassess as you grow. Payment flexibility removes friction between interest and purchase.
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