Cashless payments are more sustainable ?
Posted: Sat Feb 22, 2025 10:38 am
Cashless payments have many benefits for merchants and their customers – but they also have great potential for environmental protection. A 2018 study by the Dutch National Bank showed that the carbon footprint of Dutch cash payments in 2015 was 17 million kg CO2 equivalent (CO2e). According to the study, the largest environmental impacts are caused by coin production (32%) and cash distribution (64%), with the distribution phase including the energy consumption of ATMs and the transportation of banknotes and coins.
In addition, the production of banknotes and coins consumes a significant amount of raw materials , such as cotton, foil and ink, copper, steel, aluminum, zinc, nickel and tin, not to mention the energy intensity of production.
The transition to cashless payments therefore has great potential in reducing greenhouse gas emissions venezuela phone number data and conserving resources. By implementing a payment gateway, you will enable your customers to pay cashless, and therefore sustainably. With the Custom Payment service from ČSOB , you can also accept cashless payments without a payment gateway.
Don't forget to properly recycle old payment terminals
Terminals, like other electronic devices, contain many valuable and recyclable materials , such as copper, gold, silver, plastics and other metals, which can be used to make new products. Recycling payment terminals significantly reduces the need for new raw materials and greenhouse gas emissions.
If your terminal has reached the end of its useful life and cannot be repaired, return it to the manufacturer or take it to a specialized collection point for electronic waste .
In addition, the production of banknotes and coins consumes a significant amount of raw materials , such as cotton, foil and ink, copper, steel, aluminum, zinc, nickel and tin, not to mention the energy intensity of production.
The transition to cashless payments therefore has great potential in reducing greenhouse gas emissions venezuela phone number data and conserving resources. By implementing a payment gateway, you will enable your customers to pay cashless, and therefore sustainably. With the Custom Payment service from ČSOB , you can also accept cashless payments without a payment gateway.
Don't forget to properly recycle old payment terminals
Terminals, like other electronic devices, contain many valuable and recyclable materials , such as copper, gold, silver, plastics and other metals, which can be used to make new products. Recycling payment terminals significantly reduces the need for new raw materials and greenhouse gas emissions.
If your terminal has reached the end of its useful life and cannot be repaired, return it to the manufacturer or take it to a specialized collection point for electronic waste .