Our transition to becoming a cashless society has been underway for decades, with smartphone-based payment systems only hastening the trend that started with credit cards in the 1960s. There's no slowing down: From 2012 to 2015, the number of non-cash payments increased at an annual rate of 5.3 percent.
Going cashless is great for small business. It streamlines bookkeeping, creates a safer business environment, and gives customers more payment options. It's how customers want to pay. Fortunately, cashless payments are getting easier. From Apple Pay to Square to QuickBooks GoPayment, you now have a plethora of options if you want to explore digital transactions. And you should: Today, more customers than ever will expect digital payment options from businesses of all sizes.