#7 You’re doing businesses a favour
Photo credit: Jonathan Goldberg
Did you know that every time you pay by a credit or debit card, the business has to pay a transaction fee? That’s not to mention additional costs such as renting the card machine and receiving a monthly statement. The Brixton Pound charges a flat rate of 1.5% per transaction, and the technology is free – provided that you have an sms-enabled mobile phone. For small businesses this means they can access modern payment methods without the costs associated. And if you trade on the move, such as from a market stall, it’s ideal!
Want more reasons? 11 more are right here.