Being a cash-only business has its pros and cons, and some business ventures are better suited to purely cash payments. The decision of which consumer payment methods to accept shouldn’t be taken lightly—your choice could inhibit your business’s growth or trim your margins too thin.
In general, businesses that do well as cash-only are very small (or are a seasonal or part-time side-hustle), provide services or sell merchandise in person that are smaller in value, and don’t process many merchandise returns. They’re also more likely to be single-person operations and not require a physical address.
Here is a short list of some businesses best-suited to all-cash cash-flow:
Advantages of cash-only