Right now in my country, it is very difficult for you to even have access to adequate cash that you're going to use to carry out all your payments.
Are you Prefer Cash Or Cashless (Debit Card, Credit Card or e-wallet) for your Payment?
- Thread starter RicAngelo
- Start date
Right now in my country, it is very difficult for you to even have access to adequate cash that you're going to use to carry out all your payments.
On a sales day, I might sell up to 100 chickens within 3 hours and that is huge money. At that point, I prefer cashless transactions to avoid the risk of having to carry Cash around.
As for offline shopping I prefer to use cash, and for online shopping I prefer to use bank transfers or e-wallets. I am not interested in having a credit/debit card.
I typically prefer to be paid directly to my account through e transfers than to receive cash. I easily spend the money when I am paid cash. Being paid into my account makes the money to last a little bit longer.
I do prefer using my debit card for payment just to save the cost of transaction since charges won't be deducted from my account, some times too, I use mobile transfers too, I don't prefer cash for payment, unless small items with low cost.
, I don't really like moving around with cash, but with the money in your account and with a steady network connectivity, you're good to go.
I would prefer both methods of cash and cashless policies as my payment methods. However cashless policy is good in areas that are well developed in technology and acceptability. There would be steady networks available and the issues of exorbitant charges would not occur.
A mix of cash and cashless payments are suitable for me. Both have benefits as well as drawbacks. Cashless payments provide enhanced security of funds but deny a business owner the opportunity of having instantaneously available cash. Conversely, cash payments enable one to have instantaneously available cash, but expose a business to losses in case of robbery or pilferage.
In most cases I prefer to receive all the payments of my business transaction through online payment because it makes it easier for me not to worry about moving cash around.
