This difference of 62% is caused by various factors which make convenience unique in relation to other parts of the retail sector including:
Such heavy use of cash in the convenience sector is an issue. As well as the increased security risk of holding large amounts of cash on-site, it is costly to process cash at the bank. Retailers can solve this particular problem by using an in-store ATM to dispense cash instead of taking it to the bank.
Despite the poor performance of cards in convenience stores, usage is on the rise, increasing by 4% in 2018 alone. Innovations in the payments and EPoS sector have made making card payments easier for customers and taking card payments a smart move for retailers. For example, ShopMate EPoS’ integrates with a variety of payment providers available here.