Canadian currency. (File photo)

Canadian currency. (File photo)

Victoria has the most cash-paying customers: Report

Number of Canadian businesses selling online jumps by 20 per cent

Touchless transactions became even more important in 2020, but Victoria isn’t letting go of its cold hard cash.

Square, a credit card processing and payment company, released a report Tuesday analyzing local commerce across Canada. The data reveals that Victoria is full of a cash-carrying shoppers, topping the list of cities with 31 per cent of payments made with cash. Victoria comes ahead of Surrey and Winnipeg, both with 30 per cent of payments made with cash.

B.C. still like to use cards though. Only 20 per cent of payments in B.C. are made with cash, putting the province behind Ontario and Quebec – 24 per cent and 32 per cent respectively.

READ ALSO: COVID-19: Local business support effort goes province-wide in B.C.

The Square report says two out of three Canadian businesses now sell online, adapting to the COVID-19 pandemic. While the number of Canadian businesses selling online rose from 41 per cent to 61 per cent, B.C. has the second lowest number of businesses going digital in the country, with 57 per cent selling items online, compared to 61 per cent in Alberta and 79 per cent in Saskatchewan.

Surrey has the fewest number of businesses offering online sales, with just 47 per cent of businesses selling online. Surrey also have the fewest number of cashless businesses, despite a growing number of Canadian businesses no longer accepting cash payment. In fact, one in five local businesses no longer accept cash, compared to one in 20 just last year.

In February, the B.C. government offered small businesses up to $7,500 each to build or upgrade their online sale portals to help through the remainder of pandemic restrictions.

READ ALSO: B.C. offers $7,500 grants for small business online sales help

With files from Tom Fletcher.


Do you have a story tip? Email: vnc.editorial@blackpress.ca.

Follow us on Twitter and Instagram, and like us on Facebook.

British ColumbiaFinance

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Supporter Gordy Dodd cheers on HeroWork Victoria executive director Trevor Botkin, who will be in a lift for 36 hours beside Dodd’s Furniture and Mattress on April 16 and 17 to raise funds for the organization’s next project, a makeover of the Salvation Army’s Addiction and Rehabilitation Centre on Johnson Street. (Courtesy HeroWork Victoria)
HeroWork Victoria tackles makeover of Salvation Army rehab centre

Executive director to spend 36 hours living in a lift as fundraiser

Grandmothers to Grandmothers is a campaign that connects Canadian grandmothers with grandmothers in Africa who are caring for children orphaned by AIDS. Here, they are in Kakuto, Uganda in 2018. (Kibuuka Mukisa Oscar photo)
Greater Victoria and African grandmothers celebrate solidarity with virtual concert

Grandmothers to Grandmothers supports women in Africa caring for children orphaned by AIDS

Naloxone is used to treat opioid overdoses. (Black Press Media files)
Island Health issues overdose advisory for Greater Victoria

The advisory directs bystanders to an overdose to call 911 and administer naloxone

A portion of West Coast Road in Sooke was closed for several hours as emergency services responded to a “serious incident” on Tuesday. Photo courtesy of Google Maps.
West Coast Road reopens after ‘serious incident’ propted Tuesday afternoon closure

The road was closed between Grant Road West and Otter Point Road as emergency services were on scene

West Shore RCMP is seeking information about a collision involving a car and a bicycle on Six Mile Road, near the Island Highway, at 11:30 a.m. on April 7. (Black Press Media file photo)
West Shore RCMP seeks information about collision between bike, car

Collision occured on Six Mile Road on April 7 and a bystander got the blue car’s plate number

Restaurant patrons enjoy the weather on a patio in Vancouver, B.C., Monday, April 5, 2021. The province has restricted indoor dining at all restaurants in B.C. due to a spike in COVID-19 numbers. THE CANADIAN PRESS/Jonathan Hayward
B.C.’s COVID-19 indoor dining, drinking ban extending into May

Restaurant association says patio rules to be clarified

Two men were seen removing red dresses alongside the Island Highway in Oyster Bay. (Submitted photo)
Two men filmed removing red dresses from trees on highway near Ladysmith

Activists hung the dresses to raise awareness for Vancouver Island’s Murdered/Missing Women & Girls

B.C. Premier John Horgan speaks at the B.C. legislature. (B.C. government)
Tougher COVID-19 restrictions in B.C., including travel, still ‘on the table’: Horgan

John Horgan says travel restrictions will be discussed Wednesday by the provincial cabinet

RCMP on scene yesterday at the altercation at the trailer park. (Submitted photo)
Violent altercation at Port Hardy trailer park sends one to hospital

Police say man confronted another over airsoft shooting, then was attacked with a weapon

John Albert Buchanan was found guilty of manslaughter in the 2017 death of Richard Sitar. Pictured here, Buchanan walking to the court in Nanaimo last year. (Karl Yu/News Bulletin)
Six years including time served for Nanaimo man in bludgeoning death

John Albert Buchanan sentenced in B.C. Supreme Court in Nanaimo for death of Richard Sitar

Flow Academy is not accepting membership applications from anybody who has received a dose of the vaccine, according to a password-protected membership application form. (Submitted image)
B.C. martial arts gym refusing patrons who have been vaccinated, wear masks

Interior Health has already issued a ticket to Flow Academy for non-compliance with public health orders

Guinevere, lovingly referred to by Jackee Sullivan and her family as Gwenny, is in need of a gynecological surgery. The family is raising money to help offset the cost of the procedure. (Jackee Sullivan/Special to Langley Advance Times)
Langley lizard’s owners raise funds for gynecological surgery

The young reptile is scheduled for operation on Tuesday

Facebook screenshot of the sea lion on Holberg Road. (Greg Clarke Facebook video)
VIDEO: Sea lion randomly spotted on remote B.C. logging road

Greg Clarke was driving home on the Holberg Road April 12, when he saw a large sea lion.

Defence counsel for the accused entered two not guilty pleas by phone to Grand Forks Provincial Court Tuesday, Jan. 12. File photo
B.C. seafood company owner fined $25K for eating receipt, obstructing DFO inspection

Richmond company Tenshi Seafood is facing $75,000 in fines as decided March 4 by a provincial court judge

Most Read