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Characteristics of Cash Payments

  • Most people have access to cash and are accustomed to cash payments
  • Cash is an accepted payment method in almost every place in the world
  • Cash is ideal for small payments and is quick and convenient
  • Cash is unsuitable for high value transactions
  • Cash provides instantaneous transfer of value
  • It is unsafe to carry cash in large amounts
  • Cash storage, security and transport can be risky and expensive
  • Cash can be expensive to lodge and must be counted and sorted before delivery
  • Cash is unhygienic to handle

 

For further information on cash please click on the menu to the left.





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