https://www.wsj.com/articles/card-only-businesses-have-swiped-away-cash-paying-customers-11547569980
Some say currency is an expensive, risky inconvenience; others contend the card-only movement discriminates against poor people
When I tried to buy a cup of coffee the other day at one of those new upscale food halls, the barista shrank from my $5 bill as if I’d offered a rotten banana. “We don’t accept cash,” he announced, looking offended. “Cards only.”
Yes, at a growing number of New York City shops and cafes—especially joints featuring polished concrete floors and “sustainable” products—it’s impossible to pay with your hard-earned 10s and 20s, much less your nickels, dimes and pennies.
======================================================
The cashless society, at least in major metropolitan areas, seems to have finally arrived.
I carry several credit cards - Amazon, Marriott Rewards, American Airlines Frequent Flyer - and use each for a specific purpose. Amazon is most purchases because I get nice cash back on my frequent Amazon purchases. Marriott is for anything medical. American is autopay for garbage/recycle pickup & Netflix. I carry around $100 in cash which is used primarily to buy lottery tickets - cash only transaction. Using the cards is easier than dealing with cash.
https://www.wsj.com/articles/card-only-businesses-have-swiped-away-cash-paying-customers-11547569980
Some say currency is an expensive, risky inconvenience; others contend the card-only movement discriminates against poor people
When I tried to buy a cup of coffee the other day at one of those new upscale food halls, the barista shrank from my $5 bill as if I’d offered a rotten banana. “We don’t accept cash,” he announced, looking offended. “Cards only.”
Yes, at a growing number of New York City shops and cafes—especially joints featuring polished concrete floors and “sustainable” products—it’s impossible to pay with your hard-earned 10s and 20s, much less your nickels, dimes and pennies.
======================================================
The cashless society, at least in major metropolitan areas, seems to have finally arrived.
I carry several credit cards - Amazon, Marriott Rewards, American Airlines Frequent Flyer - and use each for a specific purpose. Amazon is most purchases because I get nice cash back on my frequent Amazon purchases. Marriott is for anything medical. American is autopay for garbage/recycle pickup & Netflix. I carry around $100 in cash which is used primarily to buy lottery tickets - cash only transaction. Using the cards is easier than dealing with cash.
https://www.wsj.com/articles/card-only-businesses-have-swiped-away-cash-paying-customers-11547569980
Some say currency is an expensive, risky inconvenience; others contend the card-only movement discriminates against poor people
When I tried to buy a cup of coffee the other day at one of those new upscale food halls, the barista shrank from my $5 bill as if I’d offered a rotten banana. “We don’t accept cash,” he announced, looking offended. “Cards only.”
Yes, at a growing number of New York City shops and cafes—especially joints featuring polished concrete floors and “sustainable” products—it’s impossible to pay with your hard-earned 10s and 20s, much less your nickels, dimes and pennies.
======================================================
The cashless society, at least in major metropolitan areas, seems to have finally arrived.
I carry several credit cards - Amazon, Marriott Rewards, American Airlines Frequent Flyer - and use each for a specific purpose. Amazon is most purchases because I get nice cash back on my frequent Amazon purchases. Marriott is for anything medical. American is autopay for garbage/recycle pickup & Netflix. I carry around $100 in cash which is used primarily to buy lottery tickets - cash only transaction. Using the cards is easier than dealing with cash.
https://www.wsj.com/articles/card-only-businesses-have-swiped-away-cash-paying-customers-11547569980
Some say currency is an expensive, risky inconvenience; others contend the card-only movement discriminates against poor people
When I tried to buy a cup of coffee the other day at one of those new upscale food halls, the barista shrank from my $5 bill as if I’d offered a rotten banana. “We don’t accept cash,” he announced, looking offended. “Cards only.”
Yes, at a growing number of New York City shops and cafes—especially joints featuring polished concrete floors and “sustainable” products—it’s impossible to pay with your hard-earned 10s and 20s, much less your nickels, dimes and pennies.
======================================================
The cashless society, at least in major metropolitan areas, seems to have finally arrived.
I carry several credit cards - Amazon, Marriott Rewards, American Airlines Frequent Flyer - and use each for a specific purpose. Amazon is most purchases because I get nice cash back on my frequent Amazon purchases. Marriott is for anything medical. American is autopay for garbage/recycle pickup & Netflix. I carry around $100 in cash which is used primarily to buy lottery tickets - cash only transaction. Using the cards is easier than dealing with cash.
I wonder if it is legal to not accept cash,
That whole "This not is legal tender for all debts public and private" thing.
I actually looked it up,Doesn't seem like it's legal to not accept cash, on the other hand there's still places that are cash only!!
Cash is King...:2razz:
This has been coming for some time. I haven’t run into CC only merchants yet, but I am self conscious paying for minor items with a CC. Try to keep a small amount of cash on me. CC balances are paid in full at the billing cycle.
I actually looked it up,
The federal reserve say yes it is legal for a business to not accept cash.
https://www.federalreserve.gov/faqs/currency_12772.htm
I would think it might drive away some customers.
https://www.wsj.com/articles/card-only-businesses-have-swiped-away-cash-paying-customers-11547569980
Some say currency is an expensive, risky inconvenience; others contend the card-only movement discriminates against poor people
When I tried to buy a cup of coffee the other day at one of those new upscale food halls, the barista shrank from my $5 bill as if I’d offered a rotten banana. “We don’t accept cash,” he announced, looking offended. “Cards only.”
Yes, at a growing number of New York City shops and cafes—especially joints featuring polished concrete floors and “sustainable” products—it’s impossible to pay with your hard-earned 10s and 20s, much less your nickels, dimes and pennies.
======================================================
The cashless society, at least in major metropolitan areas, seems to have finally arrived.
I carry several credit cards - Amazon, Marriott Rewards, American Airlines Frequent Flyer - and use each for a specific purpose. Amazon is most purchases because I get nice cash back on my frequent Amazon purchases. Marriott is for anything medical. American is autopay for garbage/recycle pickup & Netflix. I carry around $100 in cash which is used primarily to buy lottery tickets - cash only transaction. Using the cards is easier than dealing with cash.
That and there are places that I would not want to use credit, say a small bait shop, or a food truck.It shouldn't be legal. I mean, if it goes too far, If I can't spend cash in too many places I frequent, I'll stop accepting cash myself. Talk about your slippery slopes...
That and there are places that I would not want to use credit, say a small bait shop, or a food truck.
My Dad always said to be careful in deals with people who keep all of their assets on wheels!
It is fine to accept plastic, but I question if it is advisable to not accept cash.More & more these small operations are using card swipers plugged into their smart phones. Why turn away a customer who had no cash?
That and there are places that I would not want to use credit, say a small bait shop, or a food truck.
My Dad always said to be careful in deals with people who keep all of their assets on wheels!
I agree it's more efficient.
The only problem is security. Lot of hacking of the swipe machines at retail stores...and of course the "skimming" of swipe machines at gas pumps.
And a little "obsolete payment method" story: a few weeks ago, I actually saw an old lady ahead of me in a Wal-Mart checkout line pay...with a check. I was actually surprised to see it.
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