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Requiem for the Paper Receipt

If you’ve purchased something in the past 24 hours, odds are that somewhere near you, either crumpled in your pocket or your purse, wadded in between sofa cushions, or pushed down in some inaccessible part of your car, there’s a little piece of thermal printed paper that says how much you paid for that donut, toothbrush, or on-the-go lunch. The paper receipt: it’s that theoretically useful invention that, for most people and most purchases, is practically useless. In entrepreneur-speak, that means receipts are an area of payment processing that is ripe for disruption.

The sea change that has, more than any other, pressed forward the change in the way we document transactions is the monumental shift to mobile commerce. If you buy something from your mobile device, effectively the only option for you is to have that receipt emailed to you. Suddenly email began taking on the work load of maintaining these transaction records.

Simultaneously, brick-and-mortars are using new technologies that are facilitating the use of electronic receipts. With so many small businesses switching over to novel technology when they begin accepting credit cards for small business, these shops instantly find themselves set up to give their customers more options than just shoving the paper receipt in their face. One viable option, for smaller purchases, at least, is the “no receipt” option. Allreceipts, can allow users to store and manage receipts on their mobile devices. It’s a lot easier, and actually way more useful at, say, tax time, than the old shoe box full of receipts. Moolah, which prides itself in all aspects of transitioning to accepting credit cards for small business, particularly through the most up-to-date technology available, is both excited and optimistic for a payment future that is more efficient and more sustainable. Still, we offer a moment of silence to that most well-meaning of documents: the paper receipt.” rel=”noopener” target=”_blank”>This article highlights just how much effort goes into the printing of that little piece of paper that gets carelessly wadded up—including 250 million gallons of oil, 10 million trees, and a billion gallons of water—and that’s just for the United States alone! The culture is changing as awareness grows.

On the business side, it wouldn’t be disruption without full-blown upheaval, and brand-new opportunities in transaction records. Tech is changing the culture, while also providing an alternative for those situations where you actually DO need a receipt. It’s a completely new take on proof of payment, and it can fit beautifully into a new strategy for accepting credit cards for your small business. True, many point of sale terminals offer new tech options, like emailed and text receipts to streamline the transaction process. Going even a step further, cloud-based app solutions, such as the solution Allreceipts, can allow users to store and manage receipts on their mobile devices. It’s a lot easier, and actually way more useful at, say, tax time, than the old shoe box full of receipts.

Moolah, which prides itself in all aspects of transitioning to accepting credit cards for small business, particularly through the most up-to-date technology available, is both excited and optimistic for a payment future that is more efficient and more sustainable. Still, we offer a moment of silence to that most well-meaning of documents: the paper receipt.

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