Cash and cheques ‘dead’ to small business

By David Olsen · 15 December 2010 · Cashflow

Cashless Future Looms for Small Businesses

Australian SMEs are rapidly abandoning cash and cheques, but what does this mean for their bottom line? Find out what's driving this shift and how it will impact your business.

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Summary

Cash and cheques are almost extinct as tools of commerce among small to medium size businesses, with credit cards and electronic transactions now the norm according to survey of Australian SMEs.

Tags: American Express, Cash Flow, Galaxy, Research, survey