Talk of The Villages Florida - View Single Post - No more cashless businesses
View Single Post
 
Old 01-04-2024, 07:14 AM
Bill Torres Bill Torres is offline
Member
Join Date: Dec 2018
Location: DeSoto Village
Posts: 43
Thanks: 92
Thanked 29 Times in 16 Posts
Default

As a business men and currently having the cost of transporting the cash from the location to the bank is risky. So the cost of a contract can be eliminated. Having to obtain bills and coins is a nightmare. Gone. Human errors in cash exchange is eliminated. POS sales are registered and loss of merchandise (theft by employees) is controlled. Sadly businesses are having to curtail many factors to be profitable and cards although you pay a percentage to the bank and credit card company allows you a better control.