Why are some businesses still struggling to fully accept bank transfers and other digital payments?

[Min George]

One would have thought that by now, everyone that is doing business would be open and willing to accept bank transfers and other digital payments. But it is not the case.

Why are some business people and businesses still struggling with fully accepting digital payments up till this time?

 

[Augusta]

Some can be for reasons known to them. Another is because they don't have a functional bank account and might just want physical cash

 

[Fidelia]

Some can be for reasons known to them. Another is because they don't have a functional bank account and might just want physical cash

Is it is possible that someone doesn't have a functional bank account in this age? That's the depth of being primitive. Bank accounts are so easy to open now.

 

[Augusta]

Is it is possible that someone doesn't have a functional bank account in this age? That's the depth of being primitive. Bank accounts are so easy to open now.

Some people don't just want to come up with the trends. They just want to make their money and hold their cash and nothing more.

 

[Kross]

Some businesses don't still trust the electronic payment system. And would prefer cash that they can see over mobile transfers.

 

[eLdavis]

They actually have their reasons. I have come across one who says people tend to show fake alerts so she does not accept transfers due to this.

 

[Min George]

I have also come across someone that says that customers don't always want to add a small fee when they make transfers. That's why she doesn't take bank transfers as payments.

 

[Springtime]

Here, just sellers in the wet market or one-man shop does not accept digital payment.

 

[Fidelia]

Those businesses that struggle with accepting digital payments in my country are owned by the millennials who are generally conservative people, and slow to accept change.

 

[pousinha]

I may answer based on my current country's rate: informal businesses are ordinary. In such a case, receiving bank payments means to draw the government and R.S.I's attention. The informal business's owner would be severely fined (because he/she is working while not owning a VAT number or Municipal registration, that's very expensive and at least half of the population can't afford).

 

[Fidelia]

Some casual business owners don't understand how to run bank accounts. Very elderly people owning businesses won't accept bank transfers.