The Pros of Going Cashless in Your Business Payments

Mwaleeds01 Sep, 2020Business

A growing trend from the past few years promotes businesses across the world going cashless. The transition may still sound drastic, but in many ways, it's a reflection of consumer behavior. According to the most recent survey conducted by the Federal Reserve, paper money is barely used in 31% of American business transactions. Most of those purchases are of fewer amounts, with the average cash transaction ringing up at about $22. On the other hand, when talking about the debit cards; they have an average transaction amount of $44, while credit card transactions range around $57...