More and more shops are no longer accepting cash. By doing so your freedom of payment methods is being reduced. At the same time, governments are pushing for this. After all, is a cashless society to ideal for every government. No way to hide. You can track everything and tax evasion, which is legal, is no longer possible.
But not only this is a reason why cashless shops are a bad concept. Many people in the world lack any bank account. They can’t be served by the business.
In the United States, we see the movement against speeding up. Philadelfia and New Jersey have adopted legislation against this.
More and more stadiums and shops are going cashless. A good reason for going cashless is that it speeds up the paying process. More and more people expect the same service as we see with Uber, Amazon, eBay and so on.
But there is another problem. Financial services are expensive for small business owners. It simply is too expensive. Especial when you are doing small domination transactions or are in a low volume of transactions.