Statistics show that approximately 90 percent of paper receipts end up in the trash can. Most people part ways with their receipts shortly after collection, and many others can’t remember where they kept it if they did at all. However, situations arise where you need a receipt as proof of purchase for warranty claims and returns, tax deductions, personal expense tracking and business expense reporting. In these situations, failure to produce your receipts may lead to significant financial loss or disciplinary action in the case of a tax or office-related expenses. People lose their paper receipts for several reasons, which include:
A paper receipt is easy to lose or wash. Due to their small size and fragility, most people crumble receipts into their pockets after collection and may not remember to remove it before dislodging the contents of their pocket or washing their attire. The receipts are thus, lost forever. Digital receipts can almost never be lost, and even when they get lost, will be easily replaceable.
However this is not the only drawback of paper receipts. In additiona to their inconvenience they are also not Easily Recyclable. While recycling waste is the right thing to do in an extremely polluted world like ours, paper receipts are an outlier in this case.
Paper receipts contain BPA or Bisphenol A, a plastic component which suspected to cause cancer, obesity, type 2 diabetes, premature puberty, etc. Merely touching a BPA-coated surface exposes you to the substance as it can be absorbed via the skin. What’s worse, you can’t compost BPA-coated paper as it can contaminate groundwater. It makes a lot of health sense to stay away from BPA and BPA-carrying materials such as paper receipts. Going digital will save us from the presumably toxic effects of this chemical, especially cashiers and other people who have to handle these materials all day long. While not every paper receipt has a BPA coat, it’s difficult to find a distinction between the two types of paper receipts.
In the US, over 12.4 million trees and 13 billion gallons of water are consumed each year in the creation of paper receipts, generating 1.5 billion pounds of waste and 4 billion pounds of CO2. Paper products fill over one quarter of all solid waste in landfills, including receipts.