What does it mean to run a 'cash-only' business?

Running a 'cash-only' business means that the business accepts only cash as a form of payment for goods or services. This approach simplifies transactions since it does not involve handling credit or debit card payments, checks, or digital payment methods. As a result, a cash-only business may benefit from avoiding transaction fees associated with electronic payments, as well as reducing the risk of chargebacks that can occur with card transactions. Additionally, cash-only operations can offer a level of privacy for both the business and its customers, as cash transactions do not leave a digital footprint.

Other payment methods like checks, digital wallets, or credit/debit cards are excluded within the context of a cash-only business, which distinguishes this type of operation from those that provide a broader range of payment options.