There are a few cafés that have adopted this method. |
Technology has been dictating the way we live ever since we can remember. It had going like this: we discovered how to make paper, and then paper money came along. And now we’ve discovered how to stop needing cash, so it’s only a matter of time until we get rid of it once and for all. At least that’s what some coffee shop owners believe and why they’ve transformed their shops into some of the first cash-free cafes in the world.
And it’s weird because cash actually comes in handy when buying a cup of coffee on your way to work, right? It’s a good use for that extra money that you have laying in your pockets or your purse, right? Well, maybe we should think about it more carefully because there are good reasons as to why some cafés in countries like Sweden, Norway, United Kingdom and Australia are only allowing plastic as a form of payment now.
Why should cafes go cashless?
One of the reasons is efficiency. As there is no need to waste time with cash, orders can be taken quickly, without having to worry about counting or giving change. Using debit and credit cards can keep things running faster and smoother. It makes a daily activity as streamlined as possible, and it avoids adding errors at the end of the day.
It can also be safer. Chip technology has made electronic money a lot safer than carrying a lot of cash around. If there’s a robbery, your money won’t be at risk, and you won’t need to go to the bank with thousands of dollars on you.
It’s true that baristas and coffee shop workers won’t get tips anymore with this method, but you can raise their wages with the money you’d be saving yourself since bank deposit fees and staff cashing up would no longer be a problem.
If, in addition, you establish a method of payment where customers can order their own drinks without having to go to the cashier, you’ll be saving them time as well. Besides, it also gives workers a better way to run the coffee shop, since they’re not bound to walk to or stay at a certain point to take an order.
How can it impact revenue for coffee shops?
Making the best use of time, especially at busy hours, means you can serve more customers, which subsequently means your business will be making more money. However, not all people are ready to take the final step to a cashless world, and most coffee shop owners admit switching to a cash-free type of business has made them lost a few clients.
Nevertheless, they insist that it hasn’t really impacted their finances because tap-and-go card payments make things much more efficient and quicker. Besides, they believe that cashless economy will be eventually inevitable. They’re just doing it first. With time, people will come along.
What about you? Would you rather your favorite cafe to simply let you order your drink and make the payment by yourself? Would you like to be free from the need to carry cash with you at all times? Whether we like it or not, it seems that’s the road technology and humanity are taking! It’s alright, as long as our cups of joe are as good as That Coffee Roasters’ coffee, it should all be worth it.
Would you ban cash from your shop? |
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