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As More Retailers Ban Paper Money, It's Making Things Awkward For Customers Without Plastic (wsj.com)
An anonymous reader shared a report: Sam Schreiber was mid-shampoo at a Drybar blow-dry salon in Los Angeles when someone from the front desk approached her stylist with an emergency: a woman was trying to pay for her blow-out with cash. "There was this beat of silence," says Ms. Schreiber, 33 years old. "She literally brought $40." More and more businesses like Drybar don't want your money -- the paper kind at least. It's making things awkward for those who come ill prepared. After all, you can't give back a hairdo, an already dressed salad or the two beers you already drank. The salad chain Sweetgreen has stopped accepting cash in nearly all its locations.
Most Dig Inns -- which serve locally sourced, healthy fast food -- won't take your bills either. Starbucks went cashless at a Seattle location in January, and at some pubs in the U.K., you can no longer get a pint with pound notes. The practice of not accepting cash has become popular enough to catch the attention of American lawmakers. [...] Despite the popularity of debit- and credit-card transactions, plenty of people do still pay for things with actual money. Cash represented 30% of all transactions and 55% of those under $10, according to a Federal Reserve survey of 2,800 people conducted in October 2017.
Most Dig Inns -- which serve locally sourced, healthy fast food -- won't take your bills either. Starbucks went cashless at a Seattle location in January, and at some pubs in the U.K., you can no longer get a pint with pound notes. The practice of not accepting cash has become popular enough to catch the attention of American lawmakers. [...] Despite the popularity of debit- and credit-card transactions, plenty of people do still pay for things with actual money. Cash represented 30% of all transactions and 55% of those under $10, according to a Federal Reserve survey of 2,800 people conducted in October 2017.
For all debts, public and private.
Leave it on the counter and walk out.
accept cash or your services are free.
Bringing legal cash tender is hardly ill prepared! Fuck this business and others like it. Though paying 40 bucks for someone to dry your hair is a serous first world problem to start with!
Though cash can be stolen, it is way more difficult for "authorities" or whoever to revoke remotely. Plastic, charge cards, debit cards are all revocable. I am *very* wary of a shift to mechanisms that can produce financial disability by remote control.
It's been increasingly true for large purchases, but this changeover to plastic for small purchases (as in "food", etc.) is comfortably convenient and OK until it's not.
These issues are separate from the question of how many entities get to "participate in", as in "charge a fee for" all transactions, outside the ability of the actual paying customers to affect those decisions.
This discriminates against the "unbanked". About a third of US adults (including my long-term tenant), don't have a bank account, much less a credit card. There are many reasons for this - bounced a check/overdrew an account in the past, medical or job problems, etc. And for low income people, bank accounts can be expensive. BoA charges a service fee of $12 a month for balances below $1500. So my tenant just gets a money order to pay the rent, cause it is cheaper.
Paper money states "This note is legal tender for all debts, public and private". Once you have accepted a service, such as from a hair salon or restaurant, you now owe a debt until it is paid. So they should have to take cash, even though it may upset their business methods.
Now handling cash is also not for free but at least with bigger shops it is not 2-5%. Anyone has an idea how much does the cash handling and transfers cost?
What's wrong with not wanting a paper trail? Privacy is a sacred human right.
I prefer to not have records of every financial transaction stored in other peoples' databases...if at all possible.
If you won't take my money, you won't get my money.
I mean, aren't you in the business of getting money? Isn't that what the actual end-goal is?
It's Business 101: get the money.
But it's not a problem, I'll just shop elsewhere.
I'll also vigorously shit-talk your hipster establishment non-stop, probably on Yelp as well as everywhere else I can think of.
Just cruising through this digital world at 33 1/3 rpm...
Yet another way the balance of power shifts in a cashless society.
Once they take cold cash out of the equation, you have zero privacy in any transaction. Anything you purchase is recorded. The government is having an orgasm on how easy it has been to get rid of cash. Not just in the U.S., but globally.
The majority of employee theft is of goods, not cash
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"