as long as the currency says "Legal Tender for ALL Debts Public and Private", i think they gotta take it
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 ...
That’s a straw-man argument.
But is there a debt before there is a transaction?
Then as a cash customer, you’re paying three percent extra for something you’re not even using. Who’s the genius here?
as long as the currency says "Legal Tender for ALL Debts Public and Private", i think they gotta take it
This is a violation of my Civil Rights.
For over twenty years I have self-identified as an Unbanked American.
This constitutes a refusal of public accommodation to me and is causing me great emotional and financial stress and hardship.
Punitive damages are also in order.
Have you tried?
Exactly. Free country.
I will continue to use my current money back card that garners me about $1200.00 a year.
And if it is not, then how can some poor people get access to alternate cash but not have an ID to vote?
Works great as long as the power stays on.
We’ve had storms that knocked out power for days. Phones quit working, both land lines and cell phone towers.
>>Next, get a number or buy no bread.<<
More like, get a chip implant or no bread.
>>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.
Don’t worry though. If Hillary wins, then all non-white inhabitants of the landmass formerly known as the USA will receive a bank account (no ID required) that will receive a monthly direct deposit from the Treasury.
This is bad, but what is worse is that the NeverTrump Republicans are planning the exact same type of Progressive future except they’d still retain the name of the country for brand recognition purposes.
That is literally the only difference. The Progressive GOP will still salute the flag, while the Democrat Progressive will not.
“Add 3% fee to every transaction, pure genius”
But I get 1% on all transactions and 5% on select ones. /s
The “No Voter ID” folks will balk at this one.
Cash is King.
What will they take when the whole credit system goes in the dumpster? Gold, Bitcoins, and cash will come back in style, I’ll bet.
No, they don’t. You haven’t incurred a debt unless you were given the product or service prior to payment. If you eat and then they give you the bill, they have to take dollars. If you pay prior, or negotiate and pay before hand for something then it can be specified.
“Another negative impact is stores that refuse cash may be effectively shutting out many lower-income customers.”
Reminds me of the voter ID argument. Why does the government smile on the one and not on the other? The cashless concept is much more obtrusive and constraining.
And a ~*Very Special Snowflake*~ am I.
Perhaps I’ll start my own currency.
Special Snowflake BitBucks.
Sure to start am economic tsunami of sonic proportions.
See prior post. It’s only legal tender for DEBTS. They can say they only take silver or for that matter gold (the contract clause ban has quietly expired I believe) and they’re good as long as a debt hasn’t been incurred.
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