Card vs cash payment?

[Twilight]

Hi,

What do people typically see as the split between card payments and cash payments? do most people pay by card these days or is still mainly cash?

Many thanks

 

[salonfrog]

I’m always amazed how many people still pay by cash! Why do you ask out of interest?

 

[Zoey92]

Probably 80% of my clients are cash

 

[Twilight]

I’m always amazed how many people still pay by cash! Why do you ask out of interest?

Thanks. I ask as i have an opportunity to buy a salon. The current owner claims the vast majority of sales are cash whereas like you i would expect the bulk to be card payments. I am not in the trade so just doing some due diligence.

 

[Trinity]

Probably 50/50 for me

 

[IBUK]

80-90% card for me

 

[Cindy2021]

Mainly card for me

 

[FlawlessBeauty]

I would say cash 75%, card 25%. I work from home so that could make a difference as a lot of people assume i don't take card x

 

[Nemo]

My salon is 90% card at least! Some weeks it’s 99% card. We take very little cash x

 

[squidgernetball]

My salon is 90% card at least! Some weeks it’s 99% card. We take very little cash x

Same as us x

 

[Minkeybox]

70% card for me xx

 

[RED STAR]

99% Card....

 

[daydreams01]

Mainly card.

 

[blossom]

80% cash. 20% cheque. 0% card

 

[Martin Duffy]

Mine is probably about 80% card.

 

[Gina Ballerina]

The other week I took £1300 card and £35 cash, worries me it looks like I’m pocketing it!

 

[salonfrog]

Thanks. I ask as i have an opportunity to buy a salon. The current owner claims the vast majority of sales are cash whereas like you i would expect the bulk to be card payments. I am not in the trade so just doing some due diligence.

They should have a business bank account and you could request copies for your due diligence. That’s quite a usual request. If cash was that high, you’d expect most (if not all) to be banked. Compare these against card income?