Posted on 03/18/2019 5:33:12 PM PDT by SMGFan
New Jersey just stopped the move toward cashless commerce in the Garden State dead in its tracks.
Gov. Phil Murphy on Monday signed a bill into law requiring most stores and restaurants in the state to accept cash at their brick-and-mortar locations, making New Jersey only the second state to bar businesses from refusing to accept legal tender.
Businesses like cashless payments for the ease of transaction, but experts say cashless businesses disenfranchise consumers who can’t access bank or credit cards.
(Excerpt) Read more at nj.com ...
This is true except for the fact that you have taken possession of the items in your shopping cart and owe a dept to the store for their value. You have also taken possession of the meal you just ate with the implied promise that you will pay the debt of the value of the meal once you have consumed it. This is why it isn’t the same for online shopping.
Dare I say ... Second Amendment!
Anyone with the money can get a prepaid Visa, MasterCard, etc. at virtually any grocery store. Though technically “gift” cards you make a purchase the same as with a credit card. They even say, right on the card, “Cashier, run as credit card.”
They got to the right place (preventing easy government tracking of behaviors...otherwise known as a ‘social credit’ score), but for the wrong reasons - to make Illegals that much more comfortable.
Still, I’m good with the outcome.
This is true except for the fact that you have taken possession of the items in your shopping cart and owe a dept to the store for their value.
Now, the meal you’ve eaten at the restaurant might well be different. You’ve eaten the meal and do, in fact, owe a debt to the restaurant. “All debts, public and private...” it says on FR Notes. So they have to take the cash. I believe that if they refuse the cash, the debt is cancelled. (But I don’t know that for sure).
You wrote: "I’m focused on trying to buck the cashless trend by setting up merchants on a cash discount program. It is now legal for merchants to offer this program, which basically incentivizes customers to pay cash by charging a 3.99% service fee on all credit card purchases."
I've come across some businesses that do charge extra if you pay with a card. For example, some gas stations charge more $$ per gallon if you pay with a card. A few small businesses do it, too. And, yes, as a customer, I do view it more as a discount for paying in cash than as a penalty for paying with a card.
but who in this country CAN’T get a credit card, or for that matter a Bank Card.
“Make customers pay with gold or silver instead of valueless paper.../s”
The Constitution is pretty clear on that, actually.
L
Oh I can hear you now ... NO you idiot you go to a DIFFERENT store to buy your "gift" card (and pay a fee for the privilege) and THEN go to the store that won't take cash where it's apparently now legal to charge you a "credit card" service fee.
None the less, Section 31 U.S.C. 5103, entitled "Legal tender," states: "United States coins and currency [including Federal reserve notes and circulating notes of Federal reserve banks and national banks] are legal tender for all debts, public charges, taxes, and dues."
This statute means that all United States money as identified above is a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law which says otherwise.
Check your state laws ...
To answer your question, let’s start with teenagers, (or even children). They can’t get credit cards. Next, try an unemployed person, they aren’t going to qualify for a card. The homeless would not qualify for a credit card, also those with a bankruptcy will have a hard time getting a credit card. Someone working at a minimum wage job will also find it hard to get a credit card. There are so many people who can’t qualify for a credit card but also those that have had their bank account closed because they could not balance their account too many times, (bad checks, etc.). Cashless is a bad idea for any walk-in type of business but is possibly illegal.
But they will accept Pesos.................
The reasons for a cashless society is control, cash is freedom and cash can also be hidden from those who want it for their redistribution programs
Now there are all those preloaded cards too. They’re accepted anywhere and everywhere because they’re just a debit card. Even if you can’t get a bank account you can get a debit card now. Brinks has been advertising their card heavily. It works just like a bank. Your check can be auto deposited to it and you can go online and pay bills with it. There’s absolutely no reason for anyone not to have a card now.
Wow classist much?? “Walmart Shoplifter”
And your citation proves the point I was making—currency is legal tender for debt, not necessarily for purchases. The government has to accept it for all purposes, however.
As an interesting side note, the original Greenbacks issued during the Civil War specifically excluded them from payment for tariffs.
“I’ve come across some businesses that do charge extra if you pay with a card. For example, some gas stations charge more $$ per gallon if you pay with a card. A few small businesses do it, too. And, yes, as a customer, I do view it more as a discount for paying in cash than as a penalty for paying with a card.”
Yeah cash discounting is starting to gain traction, but as of now, less than 5% of small businesses are doing it. I think you’ll see it more and more in the next few years. Of course, Visa/MC don’t like it, and they are trying to put up hurdles for companies like ours who offer it. But at the end of the day, the law is on our side - for now anyway.
Allegiant Airlines won’t accept cash on board. Only debit and credit cards.
I’ve never been refused cash for a purchase, although a car rental did require a credit card on file when I paid cash.
Laws like this are extremely important. There’s a huge push for a cashless society. That would mean that you could be tracked and spied on through your transactions, the gov could take out taxes automatically, and banks/credit cards could get nastier than they already are with fees and taking a percent of every transaction.
And some businesses will give you a discount if you pay by cash or check on the day of the transaction. You have to ask, though.
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