I wish I could find one of these outfits here.
The resulting lawsuit means I would own the business.
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 ...
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.
It’s started. The idea is getting out there.
Next, get a number or buy no bread.
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.
The government would love nothing more than to eliminate cash transactions.
Cash transactions cannot be tracked.
If they don’t take cash, they can’t be robbed.
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.
I wish I could find one of these outfits here.
The resulting lawsuit means I would own the business.
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.
Try buying something online with cash.
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.
Are you sure about that?
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...
Read the excerpt? It’s up to the business owner.
“666”
True currency is precious metal, not a piece of paper looking fabric we call cash.
It’s also a great way for the government to trace everything.
...
Yep. It’s what the government wants.
Add 3% fee to every transaction, pure genius
Well, “SweetGreen” in Boston was in the news this week for health code violations.
Eyew.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.