Non-cash or cashless payments have been widely used in various countries. The use of cashless which is very easy, fast and safe has been widely liked by traders and customers both in supermalls, mini markets, grocery stores and even street vendors. Cashless payments such as Debit/credit cards, mobile banking, e-wallets, e-money etc.The application of QR code and NFC (Near Field Communication) technology allows payments to be faster and easier without the need for a card. So basically cashless payment is a method of payment without using physical money.
What are the Benefits of Cashless Payment for Business?
- Thread starter Suba
- Start date
In this digital era, businesses have to accept cashless payment which is more convenient. Few people prefer to pay cash nowadays. Some people pay by credit card for cashback. Businesses which only accept cash may push their customers away. And by accepting cashless payment, the business does not have to handle large amount of cash.
Cashless payment is a new technology for business owners to adopt and make more productive to their business and organization.
Let everyone move with the trend and adopt the new meds of payment available to all.
Let everyone move with the trend and adopt the new meds of payment available to all.
I can see the one of the best benefits of cashless payment in business is that you don't have to worry about being paid with fake cash by some customers.
- Thread starter
- #6
You are right, for cashless traders it will be very useful because it can avoid receiving fake money, so it is safe, sellers also don't have to count the number of banknotes one by one.
A business that receives payment only through bank transfers doesn't have issues with finding currency notes to give the customers when they pay with a higher currency denomination.
