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by legitster 872 days ago
Cash is a nuisance for a small business. You're going to lose/miscount some not-insignificant percentage, and spend a lot of time and effort counting and storing it.

The benefit of accepting cash is, besides there being no processing costs, is that it makes it really easy to... uhhhh, fudge your revenue numbers. I've had a few cash transactions where I ask for a receipt from the business and the owner scowls at me.

> Other then 6 million people across the united states cannot buy from your shop.

Depending on the type of business you run, I can almost assure you these customers are not going to be in your target demographic.

1 comments

> Depending on the type of business you run, I can almost assure you these customers are not going to be in your target demographic.

Don't be so sure. I'm plenty "banked" and will out of principle never buy anything from a place that does not take my cash.

Privacy is one of the most important freedoms we have and cash is absolutely vital to maintain that freedom.

The other vital freedom enabled by cash is the right to participate in commerce. With a third-party gated electronic payment, said third party (sometimes multiple third parties in the same transaction) all have a say on whether you get to spend your money or not. With cash, it's your money you spend it as you wish.

If privacy is important to you, prepaid debit cards are not a bad option.

I've also seen the extreme - in the part of the country I live it's not uncommon for people to pay for things like cars and houses with cash that they keep buried in their yards.

> If privacy is important to you, prepaid debit cards are not a bad option.

Agreed it's an option, but why bother adding a level of indirection and extra effort, I'd rather just pay cash.