What a coincidence! I’ve been considering going completely cardless!
Eat your meal, offer cash, if they won’t take it oh well...
I often pay by credit card but tip the waitress/bartender in cash. They seem to appreciate that. ;)
I don’t know why anyone would think this is so alarming. Credit card issuers and brands like Visa and MasterCard get a processing fee (for the card issuer) and an interchange assessment (for the brand) from every credit card transaction, so they have a big financial stake in getting as many people as possible to stop using cash.
Woh so a company is offering their customers an incentive to use their product more?! The unmitigated gall.
Really this is a bunch of silly panic. The only interesting part is how big a reward Visa is offering. Given how thin the margins are in the restaurant business that could be many years’ worth of profit.
These restaurants will need to keep return buckets handy.
So much for cash being legal tender for all debts, public and private.
Wait until the power goes out for a few days. Cash will be king.
They have to accept cash. They don’t have to accept cards. This is interfering with the businesses rights.
If the business wants to do it they have to make their policy very clear, including their policy on the customer who didn’t read the policy and doesn’t have a card and wants to pay with cash.
If they make their policy quite clear, I’ll go there. Otherwise, no.
I will not go to any restaurant that goes cashless.
JoMa
“legal tender for all debts public or private”
Period!
KYPD
The bankers get a percentage of every transaction. The government gets a record of every transaction, time-stamped and with location. The credit card companies get details of every transaction for their data mining. What’s not to like?