![]() ![]() ![]() ![]() In most cases, cash sale transactions are usually done instantly, and the cash receipt is given upon completion of the transaction by both parties involved. The product/type of service to be offered must be agreed upon, and the dates on which the transaction shall be done should also be agreed on. When doing any type of sale/purchase, both the seller and the buyer must strike a mutually benefiting deal. Here is how to properly accept cash payments: Make a deal Consequently, a cash-only policy might alienate customers who don’t like to carry many bills, but it also means that one doesn’t have to risk bounced cheques and doesn’t have to pay credit card fees. NOTE: It is important to note that handling cash increases the risk of theft and may not be as convenient as accepting only credit cards or cheques from customers. Also, both the transfer of goods and/or services and the cash should be made simultaneously unless agreed otherwise. It is recommended that both the buyer and seller meet in a clear and secure location, especially when the cash in question and the item being sold is expensive. ![]() When selling or buying an item with a cash sale transaction, security is very important. ![]()
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