Had my first encounter with a restaurant that does not take cash. Debit or credit cards only.
I admit I was nonplused for a moment since during the first half of my life there was not wide spread use of bank or credit cards and there was even a period that some restaurants offered a small discount for cash.
The world changes and I attempt to adapt.
Is no cash at all a common thing in your town?
It has been no cash on Alaska Airlines flights for a long time now. I haven't seen it elsewhere.
I recently read a news story about a donut/coffee shop that was robbed so many times that the owner went cashless. There is no cash to be stolen when you're only accepting credit or debit cards.
zzzz wrote:
It has been no cash on Alaska Airlines flights for a long time now. I haven't seen it elsewhere.
All airlines that I know of are non-cash. A good preventative measure against fraud.
Free Advice wrote:
I recently read a news story about a donut/coffee shop that was robbed so many times that the owner went cashless. There is no cash to be stolen when you're only accepting credit or debit cards.
Not just from robbers....employee theft is an important issue for pretty much all small businesses. Cashless would seem to make this a smaller problem.
I read once that businesses can refuse to take cash, but once they've served you, cash is always a valid form of payment. If get your food before paying, they have to take your cash, or just let it go. (Who still uses cash aside from rednecks, criminals, and poor people?)
Bring Back the 880 wrote:
(Who still uses cash aside from rednecks, criminals, and poor people?)
Hipsters
I still use cash and I have $1,637,446 in cash, savings and investments as of 2/17/17 per Quicken. And I'm not a redneck, criminal or poor. 5k PR is only 19:14 so I guess I'm a loser when it come to running.
Wait I just refreshed Quicken and it's actually $1,638,992. One of my mutual funds must have been late updating.
A pizza parlor where you make your own pie.
I will NOT use a credit card to pay for air to pump up my tires.
A lot of businesses want to move away from cash and credit cards in favor of token-based or P2P payments. Cash is a hassle for businesses and incredibly inefficient. Credit cards are a huge security risk and costly for business. They are an outdated technology. The days of using cash and/or credit cards are numbered.
the other side of 70 wrote:
Had my first encounter with a restaurant that does not take cash. Debit or credit cards only.
I admit I was nonplused for a moment since during the first half of my life there was not wide spread use of bank or credit cards and there was even a period that some restaurants offered a small discount for cash.
The world changes and I attempt to adapt.
Is no cash at all a common thing in your town?
I went to a Nike outlet one night and bought some Nike free fly knits I really liked. I asked the cashier do you take cash. She responded humorously giving me a hard time. "no, we accept first borns." "And virgins." Her associate added.
I share that because I only had cash and was thinking it possible that some places only take cards . You're right OP it should be the other way around. Cash is the gold standard except maybe at some exclusive club trying to keep the riffraff out and demanding customers use fancy platinum credit cards or something.
I prefer to pay with 50 cent coins and two dollar bills.
My first encounter with one was a restaurant near the adirondaks.
flippin wrote:
A lot of businesses want to move away from cash and credit cards in favor of token-based or P2P payments.
Are these P2P schemes free? No.
If you think Visa/Mastercard is just going to give up market share to some competitor, then I've got some bad news for you.
And then there's the unpleasant fact the U.S. Treasury already has a solution to this "problem" already.
so, should i give my kids a credit card
"Cash is the gold standard"
In what possible, fact based way, is this true? Don't just express your opinion.
Ripper wrote:
zzzz wrote:It has been no cash on Alaska Airlines flights for a long time now. I haven't seen it elsewhere.
All airlines that I know of are non-cash. A good preventative measure against fraud.
Not in Asia.
How is it legal to not take cash?
It says right there on the bills: "this note is legal tender for all debts, public and private."
What does that mean, if not that it's a valid form of payment for any monetary debt you might owe to a business in exchange for the service or product they are selling you?
The concept of having to sue someone to make them take your money brought a smile to my face.
ish wrote:
How is it legal to not take cash?
It says right there on the bills: "this note is legal tender for all debts, public and private."
What does that mean, if not that it's a valid form of payment for any monetary debt you might owe to a business in exchange for the service or product they are selling you?