Consumers prefer credit, while small firms want cash, checks

06/20/2013 | Entrepreneur online

Nearly seven in 10 millennials say they shop only at businesses that allow them to pay with plastic, surveys from credit card processor WePay show. The majority of small-business owners, however, say they would rather accept payments made with cash or checks. SCORE mentor Bern Lefson says small businesses can enhance cash flow if they adopt alternative payment methods.

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