For many small businesses, cash may seem like a convenient way to accept payment. It is safe from hackers, does not require any specialized hardware, and there are no fees associated with its acceptance. Many merchants will encourage cash payments over credit cards since it appears to be the cheaper and simplest option. However, business owners are not accounting for the hidden costs of accepting cash, which easily outweighs the benefits of cash. Every company is structured differently, but these five costs apply to any business and only magnify as companies grow.