Canadian currency. (File photo)

Canadian currency. (File photo)

One in five B.C. transactions being paid in cash

Province uses cards more than Ontario or Quebec, but is also home to Canada’s most cash-friendly city

Touchless transactions became even more important in 2020, but B.C.’s capital city has been slow to let 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 national list of cities with 31 per cent of payments made with cash. It comes ahead of Surrey and Winnipeg, both with 30 per cent of payments made with cash.

The capital is bucking the provincial trend however. 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.

For more news from Vancouver Island and beyond delivered daily into your inbox, please click here.

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

File photo
Greenwood streets due for spring cleaning

City crews to start on residential streets Friday, April 16

Barbed wire hangs over a chain-link fence at Grand Forks public works yard at 130 Industrial Dr. Photo: Laurie Tritschler
Grand Forks to increase security following theft, break-ins at city properties

Grand Forks RCMP said break-ins at abandoned homes accounted for majority of recent property crime

The Rock Creek Fall Fair is coming back next September. It's size and scope depends on pandemic constraints, said general manager Lisa Sims. Photo: Facebook — Rock Creek Fall Fair
Rock Creek Fall Fair planners hoping for as big a return as possible

The fair launched 50-50 ticket sales Thursday, April 15

Easterly winds vent smoke from a controlled behind rural Grand Forks’ Spencer Hill Wednesday, April 14. Photo: Darlainea Redlack
Grand Forks’ wildfire operations centre reports successful controlled burn near city

Lead officer James Kastonoff said some smoke will stay in the area through Thursday, April 15

Mayor and council on Monday, April 12, narrowly voted to keep the old Hardy View Lodge shelter open for potentially another year. Photo: Laurie Tritschler
Grand Forks to keep shelter open during housing negotiations with province

The current facility at 2320 78th Ave. will stay open as a COVID-shelter, according to city council’s resolution

Thursday, Feb. 4: RDKB Chief Engineer Darryl Funk hoists a banner commemorating last year’s championship season by the Bantam House Bruins. Photo: Laurie Tritschler
Bantam Bruins honoured at hair-raising banner ceremony at Grand Forks’ Jack Goddard Arena

Asst. coach Mike Tollis said he reluctantly gave in to the team’s victory wish that he cut his pony tale

The father of Aaliyah Rosa planted a tree and laid a plaque in her memory in 2018. (Langley Advance Times files)
Final witness will extend Langley child murder trial into May or June

Lengthy trial began last autumn with COVID and other factors forcing it to take longer than expected

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

The corner of 96th Avenue and Glover Road in Fort Langley now has traffic signals, and new “touchless” signal activation buttons. (Matthew Claxton/Langley Advance Times)
Busy Fort Langley intersection gets ‘touchless’ crosswalk signals

The new traffic light started operation in April

A crossing guard stops traffic as students wearing face masks to curb the spread of COVID-19 arrive at Ecole Woodward Hill Elementary School, in Surrey, B.C., on Tuesday, February 23, 2021. A number of schools in the Fraser Health region, including Woodward Hill, have reported cases of the B.1.7.7 COVID-19 variant first detected in the U.K. THE CANADIAN PRESS/Darryl Dyck
COVID-infected students in Lower Mainland schools transmitting to 1 to 2 others: data

Eight to 13 per cent of COVID cases among students in the Lower Mainland were acquired in schools, B.C. says

Norm Scott, president of Royal Canadian Legion Branch # 91, is disappointed the Legion does not qualify for COVID financial assistance from the provincial government. (Black Press Media file photo)
B.C.’s pandemic aid package passing Legion branches by

Federal non-profit status stymies provincial assistance eligibility

Latest modelling by public health shows cases generated by COVID-19 infections into places where it can spread quickly. (B.C. Centre for Disease Control)
Industrial sites, pubs, restaurants driving COVID-19 spread in B.C.

Infection risk higher in offices, retail, warehouses, farms

Vancouver Canucks forward J.T. Miller said it would be “very challenging and not very safe” for him and his teammates to play as scheduled on Friday. THE CANADIAN PRESS/Darryl Dyck
Canucks’ return to ice postponed again after players voice COVID health concerns

Friday’s game against the Edmonton Oilers was called off after the team met virtually with the NHLPA

Most Read