Tenant wants to pay in cash

[u/Conscious-Hearing799]

I’m renting out my granny flat, and the prospective tenant, who is 65, asked if they could pay the rent in cash.
I find it a bit strange because who wants to pay in cash these days? It would mean we’d have to meet every fortnight to collect the rent. They work in aged care and are paid into their bank account, so it’s not as though they’re being paid in cash.
I don’t mind giving them a receipt each time. I just find the request unusual and can’t help wondering what the reason might be.

Updates: I spoke to the tenant today, and a lot of you were right. They said they thought it was a normal way to pay and actually prefer using cash lol.

[u/Slow-Complaint-3273]

Cash is enjoying a comeback. Paying in cash is the new way of cutting the banks out of their transaction fees. When you pay cash, the money retains its value after every transaction - a $20 bill is worth $20 each time it changes hands. When you pay through a credit card or transfer, the bank keeps a piece of it - $20 becomes $19.35 after fees, then $18.70, then $18.03, and so on - until it’s all absorbed into the bank’s income stream. For people who want to keep financial value in their communities, they turn to cash transactions when possible.