If you own a restaurant, you might assume it’s best to welcome all forms of payment. However, many restaurateurs are becoming cash-only and supplying ATMs for customers who’ve arrived without cash. This strategy offers three important benefits. 

Why Should Your Restaurant Only Accept Cash?

1. It’s Simpler

When a customer uses a credit or debit card, the money might not appear in your account for days or even weeks. In addition, even when it does appear, the customer may request to have it taken out if they had a problem with your services. Cash, on the other hand, enters your register right away for you to use however you want and make a fair profit. 

2. You’ll Save Money 

Restaurants that take debit and credit card payments must pay a fee. The exact amount depends on the specific card the customer has. For example, most credit card payments will cost you about 2 to 5 percent of the customer’s purchase after tax. Moreover, restaurant owners must pay for rewards, such as cashback benefits, that some cards come with. Paying with cash erases this issue. 

3. It’s More Secure

In the past, when most people paid with cash, businesses and customers had to worry about counterfeit bills. Today, credit card fraud is much more common. If a card transaction turns out to be fraudulent, you’ll have to refund the cardholder. By only accepting cash, you can increase the safety of every transaction. 

If you become a cash-only restaurant, provide an ATM so all of your customers can pay quickly and conveniently. Based in Randleman, NC, the team at Heath ATM has been providing high-quality ATM machines from top-rated brands like Nautilus Hyosung®, Triton®, and Genmega for over 20 years. Serving businesses across Randolph County, they also offer maintenance and repairs. Learn more about their products and services online, and call (800) 849-3029 to discuss your restaurant’s needs with a friendly team member.