What Are the Common Methods of Cashless Transactions?
Entrepreneurs have several options when it comes to cashless transactions:
1. Credit and Debit Cards: Widely accepted and trusted, they offer fraud protection and are convenient for both customers and business owners. 2. Mobile Wallets: Platforms like Apple Pay, Google Wallet, and PayPal offer easy, quick, and secure transactions. 3. Bank Transfers: Direct transfers between bank accounts are particularly useful for larger transactions and B2B payments. 4. Cryptocurrency: An emerging option, offering decentralized and potentially lower-cost transactions, though it comes with higher volatility and regulatory uncertainty.