💵 Keeping Cash Worldwide – Protecting Financial Freedom
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How Can We Encourage Businesses to Keep Accepting Cash?
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How Can We Encourage Businesses to Keep Accepting Cash?
As digital payments become more common, many businesses are moving toward a cashless model, often citing convenience, security, and speed. However, this shift comes with downsides, including higher transaction fees, dependence on banks and payment processors, and the exclusion of customers who prefer or rely on cash.
So how can we, as customers and supporters of financial privacy, encourage businesses to continue accepting cash?
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6 Replies
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Talk to local business owners and explain the risks of going fully cashless – especially the impact on privacy and fees.
Many small businesses don’t realize that they are losing money on every digital transaction due to bank fees and card processing charges. Politely discussing how they could save money by accepting cash might make them rethink their policies. Also, businesses should consider who they may be excluding by refusing cash – older customers, unbanked individuals, and those who prioritize privacy.
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If a business refuses to take cash, don’t spend your money there!
Let them know you prefer cash and why. If enough customers demand it, businesses will be forced to reconsider.
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Cashless businesses <strong data-start=”1536″ data-end=”1588″>depend entirely on banks and tech infrastructure. What happens when systems fail?
<ul data-start=”1626″ data-end=”1803″>
- Payment networks <strong data-start=”1645″ data-end=”1656″>go down (it happens often).
- Cyberattacks can freeze accounts.
- Governments could <strong data-start=”1741″ data-end=”1777″>restrict access to digital funds during emergencies.
Businesses that <strong data-start=”1822″ data-end=”1888″>continue to accept cash have more control over their own money!!
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Cashless businesses <strong data-start=”1536″ data-end=”1588″>depend entirely on banks and tech infrastructure. What happens when systems fail?
<ul data-start=”1626″ data-end=”1803″>
- Payment networks <strong data-start=”1645″ data-end=”1656″>go down (it happens often).
- Cyberattacks can freeze accounts.
- Governments could <strong data-start=”1741″ data-end=”1777″>restrict access to digital funds during emergencies.
Businesses that <strong data-start=”1822″ data-end=”1888″>continue to accept cash have more control over their own money.
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Cashless businesses depend entirely on banks and tech infrastructure. What happens when systems fail? Payment networks go down (it happens often)! Cyberattacks can freeze accounts. Governments could restrict access to digital funds during emergencies. Businesses that continue to accept cash have more control over their own money !
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This reply was modified 1 month ago by Kiel.
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This reply was modified 1 month ago by
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Cashless businesses depend entirely on banks and tech infrastructure. What happens when systems fail? Payment networks go down (it happens often). Cyberattacks can freeze accounts! Governments could restrict access to digital funds during emergencies. Businesses that continue to accept cash have more control over their own money!
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