According to the Federal Reserve, no federal law requires businesses—including banks—to accept physical cash as payment.

Although cash-only businesses save money on credit card processing fees, the benefits of accepting multiple payment forms far outweigh the disadvantages. If your business accepts cash payments ...

Italian restaurant chain Zizzi’s has now gone fully cash-free in most of its restaurants. It only accepts card, Apple Pay or Google Pay transactions and otherwise will only take cash for tips.

Gail's commented: "We only accept card payments. This practice has environmental benefits as it eliminates the need for cash collection and delivery, which used to be done by car several times per ...