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Stores to customers: "Cash not welcome here"
See BS News ^ | August 12, 2016 | Aimeee picchi

Posted on 08/13/2016 9:00:07 AM PDT by upchuck

... Some merchants such as SweetGreen, a salad chain, refuse to open their registers for cash, telling customers they can pay only with mobile payments or cards. With some newer vending machines, only a card or mobile wallet will get that cold Coca-Cola to roll down the chute.

The stance may appear un-American -- after all, currency is considered legal tender for all debts or dues -- but the Treasury permits private businesses to set their own policies, which means going cashless is fine with Uncle Sam.

"What we've seen is a push toward electric payments because of convenience, especially for Generations X and Y and onward," said Greg Burch, vice president of strategic initiatives as Ingenico Group, which makes payment systems for merchants. "The phone has become more personal than the wallet has."

... Using cards or mobile apps is increasingly popular with younger generations, but stores have good reason to like the trend, as well. Moving away from cash removes the cost of storing and transporting bills and coins, which merchants like. It also reduces the potential for physical theft.

The downsides? One is a loss of anonymity because cash allows consumers to make transactions without a paper trail.

Another negative impact is stores that refuse cash may be effectively shutting out many lower-income customers. About one out of 13 U.S. households are unbanked, which means they have don't traditional banking accounts, such as checking or savings accounts. Such families tend to be lower-income and rely on cash to make their purchases.

(Excerpt) Read more at cbsnews.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; News/Current Events
KEYWORDS: cashlesssociety; electronicfunds; liberalagenda; markofthebeast
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Cash is still King. Lots of places to eat that welcome cold, hard cash. SweetGreen can stick it.
1 posted on 08/13/2016 9:00:07 AM PDT by upchuck
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To: upchuck

A lot of this is being pushed by insurance companies, because it’s less risky for robberies if the cash available is very limited. It’s also a great way for the government to trace everything.


2 posted on 08/13/2016 9:03:02 AM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: upchuck

It’s started. The idea is getting out there.

Next, get a number or buy no bread.


3 posted on 08/13/2016 9:03:14 AM PDT by Resettozero
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To: upchuck

Technically that is not legal. It’s on the money: this is “legal tender for all debts public and private.” By law, they have to accept it.


4 posted on 08/13/2016 9:04:10 AM PDT by LS ("Castles Made of Sand, Fall in the Sea . . . Eventually" (Hendrix))
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To: upchuck

The government would love nothing more than to eliminate cash transactions.

Cash transactions cannot be tracked.


5 posted on 08/13/2016 9:04:35 AM PDT by Iron Munro (If Illegals voted Rebublican 50 Million Democrats Would Be Screaming "Build The Wall!")
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To: upchuck

If they don’t take cash, they can’t be robbed.


6 posted on 08/13/2016 9:05:01 AM PDT by P-Marlowe (Freep mail me if you want to be on my Fingerstyle Acoustic Guitar Ping list.)
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To: LS

Actually, they don’t have to accept it. It may be legal tender, but if a business doesn’t want your money, they don’t have to take it. It’s a good idea to take it, but they don’t have to.


7 posted on 08/13/2016 9:05:56 AM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: upchuck
... Some merchants such as SweetGreen, a salad chain, refuse to open their registers for cash, telling customers they can pay only with mobile payments or cards. With some newer vending machines, only a card or mobile wallet will get that cold Coca-Cola to roll down the chute.

I wish I could find one of these outfits here.

The resulting lawsuit means I would own the business.

8 posted on 08/13/2016 9:06:03 AM PDT by Lazamataz (Muslims kill people because they're sick of being called violent! They're violent over Islamophobia!)
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To: upchuck

I went cashless years ago. No more pennies piling up on the dresser, no more visiting ATMs, no more worrying about if I have enough on me. Now, I get cashback from Discover, pay one bill automatically on line once a month, and I’m done.


9 posted on 08/13/2016 9:06:24 AM PDT by sparklite2 ( "The white man is the Jew of Liberal Fascism." -Jonah Goldberg)
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To: LS

Try buying something online with cash.


10 posted on 08/13/2016 9:06:24 AM PDT by P-Marlowe (Freep mail me if you want to be on my Fingerstyle Acoustic Guitar Ping list.)
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To: upchuck

Considering how long it took a clerk to change me .10 after I have her $1.25 on a $1.15 purchase . . . I sort of understand why. And this clerk was old enough where Common Core had not ruined her mind.

I stood there for almost five minutes while she tried to figure it out in her head. I would have helped her, but frankly I was enjoying the moment too much.


11 posted on 08/13/2016 9:06:33 AM PDT by Pilgrim's Progress (http://www.baptistbiblebelievers.com/BYTOPICS/tabid/335/Default.aspx D)
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To: Resettozero

Are you sure about that?


12 posted on 08/13/2016 9:06:42 AM PDT by Biggirl ("One Lord, one faith, one baptism" - Ephesians 4:5)
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To: Resettozero

Your identity is not known when dealing with cash...Once everything is card required, the government has the ability to shut down your purchasing power completely...

They will have the ability to freeze your assets, something they cannot do with real cash...


13 posted on 08/13/2016 9:06:50 AM PDT by JBW1949 (I'm really PC....PATRIOTICALLY CORRECT!!!!)
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To: LS

Read the excerpt? It’s up to the business owner.


14 posted on 08/13/2016 9:07:16 AM PDT by sparklite2 ( "The white man is the Jew of Liberal Fascism." -Jonah Goldberg)
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To: Resettozero

“666”


15 posted on 08/13/2016 9:07:27 AM PDT by AEMILIUS PAULUS
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To: upchuck

True currency is precious metal, not a piece of paper looking fabric we call cash.


16 posted on 08/13/2016 9:07:47 AM PDT by sagar
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To: Jonty30

It’s also a great way for the government to trace everything.

...

Yep. It’s what the government wants.


17 posted on 08/13/2016 9:07:59 AM PDT by Moonman62 (Make America Great Again!)
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To: upchuck
Thanks for posting this! Here's the Money shot / All you need to know - ​Stores to customers: "Cash not welcome here" - CBS News http://www.cbsnews.com/news/stores-to-customers-cash-not-welcome-here/ Cash isn't in any danger of disappearing, *but maybe it should: The U.S. has much to gain by phasing out cash, according to researchers from Tufts University. Writing in the Harvard Business Review, they noted that the U.S. spends $200 billion each year to keep cash in circulation. (China also has high costs related to reliance on cash, they noted.) They added: *"Both the U.S. and China would do well to adopt policies in partnership with market actors to nudge their already digitally ready societies towards digital money and unlock massive savings -- in time and money -- in the process."* BTW: interesting that CBS promotes the US should harmonize our market and money policy with China... The super-secret TPP (Trans Pacific Partnership) trade agreement that Obola is urgently shoving down our throats just so happens to anticipate China as a signatory for the trade agreement.
18 posted on 08/13/2016 9:08:34 AM PDT by MarchonDC09122009 (When is our next march on DC? When have we had enough?)
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To: upchuck

Add 3% fee to every transaction, pure genius


19 posted on 08/13/2016 9:08:43 AM PDT by Donglalinger
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To: upchuck

Well, “SweetGreen” in Boston was in the news this week for health code violations.

Eyew.


20 posted on 08/13/2016 9:10:22 AM PDT by left that other site (You shall know the Truth, and The Truth Shall Set You Free.)
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