Originally Posted by coh4777
All else being equal cash is better. More "flexibility" in doing your IRS returns and credit card fees leak a lot of profitability out of a business. On the other hand, you could argue that accpeting other forms of payment could increase your transaction volume. The reality is that more and more people are using their credit cards for everyday purchases. I know I do because it is quicker to get through the register.
other forms of payment drastically increases your transactions... unfortunately for business owners.
fortunately from a consumer point of view, it means a lot more protection, benefits etc.