Why Cash and Coins will Never Go Out of Fashion
BFC Enterprises • August 28, 2023

The media often claims the days of cash and coins are numbered. Even a few financial institutions, such as the oldest credit union in Maine, have announced they will no longer accept coins, and some European countries are slowly phasing out cash payments. However, the data doesn’t support the “digital only” hype. 

Studies show that cash is still widely used throughout the United States, especially by lower-income households. Consumers also turn to cash in times of crisis. The truth about currency is that payment choice is necessary, and cash and coins will never truly go out of fashion.



Cash Still Dominates Small Transactions

Despite the rise of digital payments, cash remains the most common method for making small, everyday purchases. According to the Federal Reserve Bank of San Francisco, the majority of payments (38%) under $25 are still made in cash. In addition, their 2023 Diary of Consumer Payment Choice found that cash account for 55% of payments under $10.

 

Households earning less than $50,000 per year rely even more heavily on cash. Approximately 30-40% of their transactions are made with cash.

 

Steve deCastro, President & CEO of Gorham Savings Bank points out that the volume of check, cash, and coin activity has decreased at their financial institution. “But,” he said, “it’s still a pretty significant part of the transaction arena for us.”

 

Cash Use Rises in Times of Trouble

In times of economic trouble or crisis, consumers often turn to cash. Generation Z is now using more cash than in the past, mainly to save money during high inflation. According to a Foxbusiness article, Gen Z’s use of cash increased by 43% from 2021 to 2022.

 

Paysafe’s 2022 research found that younger consumers aren’t the only ones displaying this trend. Consumers in general rely more on cash during times of crisis. The survey showed 24% of U.S. consumers increased their cash use during the COVID-19 pandemic. Those consumers viewed cash as a way to stay in control and avoid overspending during uncertain times.

 

Cash is so important in times of crisis that the Federal Reserve Bank of Kansas City included ATM fees and cash withdrawal limit notations in their natural disaster response guidance.


Cash and Coins Will Endure

In the end, cash and coins will never truly go away. Cash remains popular for small, everyday transactions and is relied upon heavily by lower-income consumers. People often turn to cash in times of economic trouble, natural disaster, or other crisis. And access to cash is still vitally important for millions of underbanked Americans. For all of these reasons, cash and cashless payments will continue to coexist for the foreseeable future. Cash and coins will remain fashionable as long as people value their unique benefits.


Discover how you can leverage an on-site ATM to provide the cash convenience consumers continue to need. Contact BFC Enterprises today!


By BFC Enterprises October 27, 2025
That's exactly why partnering with BFC Enterprises to select and manage your amusement games is a smart move. You get expertly matched equipment that maximizes fun, keeps customers engaged, and hits your revenue goals, without any of the guesswork or hassle. Game Selection Backed by Real Experience BFC Enterprises has spent decades placing games in all kinds of business environments. We've seen what works in shopping centers versus family restaurants. We know which games draw teenagers at youth sports facilities and which ones keep adults entertained at bars while they wait for their food. When we evaluate your location, we're looking at your customer base, your foot traffic patterns, and your available space. We're thinking about who's walking through your doors, how long they typically stay, and what kind of entertainment matches their vibe. Then we match game styles to those factors for optimal performance. You shouldn't have to figure this out through expensive trial and error. We already know what works. Maximize Play and Profit Here's a truth every business owner should know: not all amusement games perform equally in every location. Some games get tons of attention and consistent play. Others just take up space. We use data and hands-on experience to choose games that will actually get played. We place the ones that grab attention, generate consistent activity, and deliver the highest revenue return. This means more passive income for you without spending months testing different machines to see what sticks. Think of it this way: we're not just dropping random equipment in your location and hoping for the best. We're strategically placing proven performers that match your specific environment. That's the difference between a few extra bucks a month and a meaningful revenue stream. Regular Rotation Without the Hassle Even the best games can get stale after a while. That's why we don't just set it and forget it. BFC Enterprises actively monitors game performance at your location. When we notice engagement dropping or when there's an opportunity to refresh things, we rotate games to keep your customers interested and having fun. We also select seasonal prizes that keep people playing longer and coming back to see what's new. The best part? You don’t have to track any of this yourself. We handle the strategy, the swaps, and the prize selection. Your customers stay entertained, and you keep earning, all without lifting a finger. Full-Service Support You Can Count On When you partner with BFC Enterprises , you're not just getting equipment delivered and left behind. You're getting complete, ongoing support. We handle compatibility issues, maintenance, prize stocking, and repairs. If something breaks, you're not scrambling to fix it or figure out who to call. Our team takes care of everything while you focus on what you do best – serving your customers and running your business. This is truly passive income. No headaches, no technical problems to solve, no wondering if you picked the right equipment. Just steady earnings from games that work. The Bottom Line Adding amusement games to your location is a smart way to increase customer engagement, extend dwell time, and create an additional revenue stream. But only if you choose the right games and manage them properly. When you partner with BFC Enterprises, you get the best-performing, highest-return amusement setup – customized specifically to your business and your customers – without any of the work. We bring the expertise, the equipment, and the ongoing support. You bring the space and the customers. Together, we create more fun, more engagement, and more profit. Ready to get started? Contact BFC Enterprises today and let's build the perfect amusement game setup for your location. 📞 (314) 961-9000 🌐 bfcenterprises.com/contact
Boost staff morale, reduce turnover, and create a new revenue stream with an ATM on-site
By BFC Enterprises October 9, 2025
Inflation and staffing challenges continue to squeeze restaurants and bars. Learn how an on-site ATM can boost staff morale, reduce turnover, and create a new revenue stream — all while helping customers tip in cash.