Why some business people opt for cash transactions
posted on 26 November 2011 | posted in
Business and Finance
I operate on cash basis only when it comes to my businesses. This is because I like seeing the results immediately and I also do not trust the other alternative methods of payment because people tend to abuse them. When a client decides to pay via check, the check may bounce later and that is not an option. I do not tolerate that, I loathe that . there are others who make a payment and then change their minds and then contact their banks and cancel their payments. That is never good for business, there are people who are working for me and they need to be paid. There is no way I would be able to pay them if people do not keep the end of their bargain. Another way of payment I do not like is paypasl. The thing with paypal is that not many people trust it. There are those who male errors whilst paying thus the payment is delayed and as I said before, that is not good for business. After the payments I bank my money because keeping a large amount of money in my premises is just inviting trouble.
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