The Security of Credit Card Processing Versus Cash

Let’s compare security pros and cons regarding credit card processing and cash.

If you have cash, then you always have to ensure that your staff members aren’t dipping into it and that the register is locked so that your customers can’t help themselves either. Someone has to count accurately and take it to the bank regularly so that it doesn’t just sit around ready to be discovered. Discrepancies take staff time to investigate.

On the other hand, with credit card payments, the amount is exact and there is no counting involved. There are no $10 and $5 bills tempting anyone to slip them into their pocket. Reconciliation is easy because you get a small settlement form from your credit card terminal every day and you can also look at your account online and your monthly statement.

Yes, some cards get stolen, but once they are reported, the purchase will not go through.