> Depending on the type of business you run, I can almost assure you these customers are not going to be in your target demographic.
Don't be so sure. I'm plenty "banked" and will out of principle never buy anything from a place that does not take my cash.
Privacy is one of the most important freedoms we have and cash is absolutely vital to maintain that freedom.
The other vital freedom enabled by cash is the right to participate in commerce. With a third-party gated electronic payment, said third party (sometimes multiple third parties in the same transaction) all have a say on whether you get to spend your money or not. With cash, it's your money you spend it as you wish.
If privacy is important to you, prepaid debit cards are not a bad option.
I've also seen the extreme - in the part of the country I live it's not uncommon for people to pay for things like cars and houses with cash that they keep buried in their yards.
Don't be so sure. I'm plenty "banked" and will out of principle never buy anything from a place that does not take my cash.
Privacy is one of the most important freedoms we have and cash is absolutely vital to maintain that freedom.
The other vital freedom enabled by cash is the right to participate in commerce. With a third-party gated electronic payment, said third party (sometimes multiple third parties in the same transaction) all have a say on whether you get to spend your money or not. With cash, it's your money you spend it as you wish.