Cash has benefits, say Wiltshire small businesses
Summary
Small business owners in Wiltshire, England see benefits in accepting cash payments, despite the government not mandating it. Customers support this as cash payments can be useful, especially when electronic payment systems go down.Key Facts
- Bradley Buechel, who runs a coffee shop and a tyre business in Wiltshire, is fine with accepting cash.
- The government is not yet forcing businesses to accept cash, but there are calls for better monitoring.
- Cash is seen as beneficial because there's no transactional fee, unlike card payments.
- Some small business owners see having to deposit cash at banks as inconvenient, especially with fewer branches in towns.
- Card use varies depending on the time of the month, and is generally the most popular method of payment, according to Becky Lyons, a pet shop owner.
- Despite the popularity of cards, customers still find cash useful when electronics go down.
- Some customers find cash useful for budgeting and tips.
- The Treasury Committee report published recently suggests the government should improve how it tracks and reports cash usage levels.
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