/, Equipment Finance, Small Business Finance/Why SMEs need to go cashless to keep up

Why SMEs need to go cashless to keep up

Card payment machines and cashless facilities are essential to business survival in this day and age.

At Sweeny Ted’s barber shop in Holywell, north Wales, a young customer recently paid for a haircut with his watch.

“It was a first,” admits the owner, Ted Palmer, whose business only dealt in cash until 18 months ago. “I had thought about it, but our most expensive transaction is £6.50 and the cost of people paying by card would have been prohibitive for us, but I knew that I would lose customers by not offering cashless facilities.”

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