Think of all of the ways your company processes payments. Many businesses allow patrons to hand over bills and coins, which are fairly easy to account for in stores. A lot of companies also allow individuals to write personal checks, but those can be slightly harder and more time-consuming to process using accounting software, as the money has to be drawn from bank accounts.
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Fact: Electronic payments have contributed $196 billion to the Canadian economic growth in the last 25 years.
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Fact: 85% of Canadian households have at least one major credit card.
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