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Blogging about Business Issues

Cash is King!

10/3/2019

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Dick Leshley, SCDC Communication Committee

Cash is King! How many of us were raised with this mantra? Today that is not so true. When credit cards were massively introduced in the 1970’s, it was predicted that we would have a cashless society. We are close.
 
From a business standpoint, cash is messy and hard to keep track of. Cash sometimes disappears as it moves through the system. Recordkeeping is not as accurate as with credit cards.
 
Yes, there is a cost for using credit cards, but with a little research those costs can be minimized. Today's customer is also conditioned to paying at least part of a merchant’s credit card cost. Cash is still a necessary evil, but if Credit is not king, it is the Crown Prince.
Picture


​Yes, there is a cost for using credit cards, but...

For more info:
--How Small Businesses Can Save on Credit Card Processing Fees (https://creditcards.usnews.com/articles/how-small-businesses-can-save-on-credit-card-processing-fees)
--Credit Card Processing Fees: The Complete Guide (https://www.fundera.com/blog/credit-card-processing-fees)
 ​
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  • Home
  • About
    • Contact Us
    • Calendar >
      • Community Calendar
    • Who We Are >
      • Council Members
      • Member Benefits
      • Commitment Card
      • Frequently Asked Questions
    • What we do >
      • Workplan
      • Testimonials
      • Mastermind Groups
      • Sample Projects
  • Doing Business
    • Site Selection >
      • Coquille Riverfront
      • Reedsport Commerce and Technology Campus
      • Southwest Oregon Regional Airport - Light Industrial Park
      • Coos Bay Village
    • Index - Blogging About Business >
      • Blogging About Economics
      • Creative Money Blogs
      • Childcare Blogs
      • Our Town - Business on the beach >
        • Our Town - local views
        • Our Town - Volunteering
        • Azalea Festival 2019
      • Blogging About Business Issues >
        • Blogging About Business --working smarter
        • Blogging About Jobs
        • Business - Pitching your ideas
        • Business - PDs & resumes
    • In the news >
      • Trade Expansion Program Grants
    • Incentives
    • Transportation
    • Services
    • Training & Money >
      • Lunch & Learn
      • Education Opportunities
    • The REEF
  • Downloads