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.
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)
Business Retention and Expansion comes in many flavors. Resolving conflicts, such as getting paid on time, can be a major barrier for small businesses. Mediation might just make it easier to get resolution AND keep your customer!