"I did 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 ...
LOL!
If you owed them money, they would have to accept it. But you don’t owe them money, you’re trying to make a purchase.
Count me as one that hates dealing with cash. I take cash out of the ATM $200 at a time and I sometimes go months before I need more. If I can pay with a smartphone app, Apple Pay or credit card, I do so. That way it feeds into my financial software into neat categories so that I can carefully log and track my expenses. For better or worse, I believe we are quickly headed to a cashless society.
"I did it!!"
Chimp implant for oh nevermind
-—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.-—
Currency is legal tender for all debts, public AND private, is it not?
EBT cards work like our credit cards, but they pay nothing to use them.
It looks like the forces of evil think of everything, don't they?
I really appreciate the cash-only customers in front of me at the grocery checkout, as they wait until the cashier tells them the total before they take out their wallet/purse, dig through it for bills, then take out their coin purse and assemble exact change to hand the cashier.
Yeah, thanks folks.
Maybe they had no cash on hand for the health inspector?
That's some seriously bad math there. The government makes money on the cash in circulation.
LOL! That explains it perfectly! :-)
Except when homosexuals don’t have a credit card.
And I have little doubt the fascist forces in our government will be enthusiastic for it because of those very same reasons.
I occasionally see stories about "negative interest rates."
A Cashless society would make such an "innovation" unavoidable.
The stance may appear un-American …They had to say it. All right then: if it appears un-American, then it is. Revelation 13:17 coming to life.
Then I guess the contract to buy is broken. See ya.
I went to the POST OFFICE and they have a stamp vending machine, and it would only take PLASTIC.
“Now, I get cashback from Discover, pay one bill automatically on line once a month, and I’m done.”
And behind your back Discover uses its backdoor deal with Amazon and tells Amazon all about your cashback bonus, without your knowledge.
I cancelled both my Amazon and Discover when I learned of this.
No, but that just means you rob them electronically: hack their accounts and drain them.
And given my experience with network incident response and forensics, the good ones go through multiple proxies in multiple countries. . . leaving a trail untraceable by all but the most massive efforts. .
“SweetGreen” in Boston,
Their hands are dirty.
They don’t remember
To wash their hands
“SweetGreen” in Boston,
The plates are gritty,
I have my standards,
(Or am I getting old?)
Hey SweetGreen
No, we can’t use our cash there
So we won’t go at all
(I guess I’ll just have to grow my own)
Referring to Laz’s pic at number 8, it says, “This note is legal tender for all debts, public and private.”
Bear in mind I was quoting from the article in my post.
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