WASHINGTON, DC – From small businesses to national parks, from charity organizations to government agencies, the shift toward electronic payments is helping operations, enhancing safety, and delivering cost savings. The advantages of accepting credit and debit cards go far beyond convenience. Businesses and public institutions are touting the benefits of electronic payments for safety, cost savings, and efficiency.
For example, one small business owner shared “We don’t have to worry about people coming in and trying to rob the place,” when touting the physical safety benefits and security savings of card payments compared to cash.
A National Park Service employee said the park was able to stop paying for armored car services and Bankrate notes employees often spend hours counting cash at the end of the shift, just two examples of cost savings from card payments.
Aside from tangible costs, there are the intangible benefits employees receive. A store clerk said a greater reliance on card payments over cash means “closing takes approximately three minutes and for that reason I get to go home and put my toddler to bed.”
But don’t just take our word for it, hear directly from business owners, employees, and industry leaders about the real-world impact of going cashless. The below one-pager explores the benefits of credit and debit card acceptance using quotes from small business stakeholders.