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 ...
You’re wrong. Once a price in U.S. dollars has been determined, an agreement (contract) has been reached by the seller to exchange that good or service for a set amount of U.S. dollars. Once the contract is set, then the buyer can give the U.S. dollars agreed upon in any legal form.
The treasury notes are legal tender for all debts, public or private.
That means if there was a contract that the buyer would accept 5 U.S. dollars in exchange for the salad, then a $5 valued U.S. Treasury Note is a perfectly legal way for the buyer to fulfill his portion of the contract. It would be a breach of contract for the seller to renege based on the form of payment offered when the form of payment is legal tender for private debt.
Yes, but (from the article),
I don’t want to be tracked any more than I already am.
Cash. Sweetgreen, others and gen xy can stick it and live in the police state in full view.
And open to fraud from their stores at anytime. I don’t want to use a card for a dollar item.
The US doesn’t “spend” 200 billion a year keeping cash in circulation, that’s a hogwash figure...
Pardon the pun, but that’s sweet.
The Government is okay with people setting their own policies, except when it comes to their religion or their own personal preferences. In those cases, the business owners will do what the government says, or they will be punished.
The Government is okay with people setting their own policies, except when it comes to their religion or their own personal preferences. In those cases, the business owners will do what the government says, or they will be punished.
Bingo. Regarding domestic enemies, i.e., the ever growing federal government continues to take control, now with Obamacare; cradle to grave control of your healthcare. Then no cash, but a card or your phone being another vehicle vehicle for control and identification, In the end, that is what its all about. Control. It’s coming, and 90% of the mopes out there called US Citizens are oblivious, totally oblivious. Pathetic. People get the government they deserve, and this what’s happening as our evolution of freedoms become extinct.
Put them out of business. Just don’t shop there. You know why the socialists don’t accept cashaond only credits. It’s called incremental conditioning for what’s next.
That's discrimination. Black people can't get credit cards in the same manner they can't get photo i.d.s .
Someone needs to file a lawsuit.
And we always pay off our CC each month so no interest. And our CC is from the same bank as our primary accounts so payment is electronic and instantaneous.
Brass & lead are my investment of choice.
Many of the gas stations here in Aiken County, SC have two prices, a lower on for cash purchases and a higher one, usually 3-4 cents, for credit. When I fill my truck, I save close to a dollar by paying cash.
Cash is welcomed in Iran, just not American cash.
And if it is not, then how can some poor people get access to alternate cash but not have an ID to vote?
Exactly the point I was trying to make.
Someone should claim for religious reasons they can only pay in cash then sue when the business will not take cash.
Where are the democrats that whine the underprivileged can’t get a voter id. Surly they don’t have a debit card. Those are even harder for the give me that’s to get .
You echo my thoughts exactly.
BUMP!
“That’s discrimination. Black people can’t get credit cards in the same manner they can’t get photo i.d.s .”
In Californicator land and most other states the above and the illegals have EBT cards to use.
EBT cards work like our credit cards, but they pay nothing to use them.
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