Now is the time to Save Money, Time and Trees through Digital Receipts

“Where the quality of life goes down for the environment, the quality of life goes down for humans” - George Holland

Its high time we start considering the fate of our environment and consider it our own individual responsibility and contribute to make a make a difference.

Major organizations, retailers, banks and hospitality centers are getting increasingly environmentally conscious. This is making them turn towards digital receipts for POS (point of sale) proof of transactions. Here are some of the statistics gathered:

• In U.S, retailers use 640,000 tons of thermal receipt paper/year, using 9.6 million trees for their manufacture.  
• It takes approx. 390 gallons of oil to produce a single ton of paper. That's nearly 250 million gallons of oil, enough to produce almost 16 million gallons of gas.
• The amount of CO₂ emitted by producing one ton of receipt paper is equal to the amount of exhaust a car emits while driving for an entire year.
• It requires more than 19,000 gallons of water to produce a single ton of paper. That’s equal to 1.2 billion gallons of water used during the receipt paper production process.
• Approx. 2,278 pounds of trash is produced while forming a single ton of receipt paper. This is 1.5 billion pounds of trash being dumbed into landfills at the due of receipt paper manufacturing.

These are only the environmental statistics and impacts. Shifting from paper to digital receipts save consumers the hassle of transporting and filing the paperwork. If a customer doesn’t need a receipt, none is issued and both clutter and paper are eliminated, so digital receipts support CRM (customer relations management).

Also cost reduction is a leading factor in the adoption of green receipt technology. According to recent research from Erpisto, some of the major retailers, including Best Buy, Gap, Macy’s Nordstrom, Sears and Wells Fargo, offer digital POS receipts. The technology not only offers convenience but also so helps the companies by connecting them with the consumer through email contact and purchasing history.

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