[Source: Restaurant Review]
Operators share why they chose to ditch the cash for a plastic-only operation
According to the 2016 U.S. Consumer Payment Study, conducted by TSYS, 40 percent of Americans prefer to pay with credit, 35 percent opt for debit and 11 percent choose to pay with cash. When broken down by age and income, 5 percent of those between 25 and 34 years old use cash. And 99 percent of consumers with a household income over $100,000 use credit or debit for purchases.
The cashless trend is quickly spilling over into the restaurant industry, with some operators eschewing cash altogether.
“We were motivated to go cashless by Uber, which digitizes everything,” said Thomas Nguyen, co-founder of five-unit, Houston-based Peli Peli Restaurant Group, which runs two of its fast-casual locations and a fine-dining restaurant cashless.