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Post by justthinking on Aug 17, 2019 8:11:22 GMT -5
There is a law proposed in Wisconsin which would require brick a mortar stores to provide a cash option. Most currently do, but some are starting to require debit or credit cards to reduce the possibility of theft and to take out the hassle/hazard of getting large amounts of money across town to their banks. I am not particularly vested in the issue yet, but was amused to see one vocal supporter of the bill is a company who puts ATMs in retail stores: That sounds all magnanimous until one realizes ATM companies make their fortunes by charging exorbitant fees which disproportionately harm those very same groups. www.jsonline.com/story/money/business/2019/08/16/proposed-law-would-force-stores-accept-cash-payment-wisconsin/2032286001/
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Post by Peachy on Aug 17, 2019 8:26:12 GMT -5
I haven't heard of any stores around here that don't accept cash. It would make sense to me that they should be required to accept it, since it literally says it's legal tender.
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stl
Full Member
Posts: 633
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Post by stl on Aug 17, 2019 9:48:27 GMT -5
At first I was like a business should be able to set whatever policy they want, if they refuse cash they may risk losing some customers. But some people don't have credit cards or bank accounts and probably can't get them due to bad credit or other reasons. Some people prefer to pay for things in cash. And like Peachy said, cash is legal tender, so maybe it should be a law.
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Post by Wise Old Goat on Aug 17, 2019 13:15:56 GMT -5
Cash is legal tender. It should not be legal for stores to refuse to accept it. Around here some businesses are cash only because the debit/credit fees kill them. For small business I always try to pay in cash to save them those fees so it would be weird to be told I couldn't .
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Post by TapToTalk on Aug 17, 2019 18:09:18 GMT -5
The rest of the world is moving towards a cashless society. People on welfare or receiving food benefits have debit cards. Yes, there are a small percentage of "unbanked", so a business will risk losing some customers. A solution is that larger retail businesses can install machines that take cash; a small retailer should have the option. Also, part of the motivation is to have stores that have minimal or no staff, like the ones Amazon is experimenting with. JT, this is a red herring. Yes, many stores put in non-bank ATMs that charge outrageous fees. No one is required to use them to make a purchase. Those who put them in a store do it as a "convenience" and make money from it. The fees banks charge when withdrawing money from an ATM that is not your bank's are also ridiculous, though not as bad as these private ATM companies. But, those people have debit cards! The law is to protect those who don't have them. As for this senior, I want to force all stores to use Apple Pay so I don't need to carry my card everywhere. Bottom line, Asian countries have figured this out...
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Post by justthinking on Aug 17, 2019 18:17:38 GMT -5
The rest of the world is moving towards a cashless society. People on welfare or receiving food benefits have debit cards. Yes, there are a small percentage of "unbanked", so a business will risk losing some customers. A solution is that larger retail businesses can install machines that take cash; a small retailer should have the option. Also, part of the motivation is to have stores that have minimal or no staff, like the ones Amazon is experimenting with. JT, this is a red herring. Yes, many stores put in non-bank ATMs that charge outrageous fees. No one is required to use them to make a purchase. Those who put them in a store do it as a "convenience" and make money from it. The fees banks charge when withdrawing money from an ATM that is not your bank's are also ridiculous, though not as bad as these private ATM companies. But, those people have debit cards! The law is to protect those who don't have them. As for this senior, I want to force all stores to use Apple Pay so I don't need to carry my card everywhere. Bottom line, Asian countries have figured this out... I realize the two issues are only tangentally related. I just find it humerous a private ATM company is pretending to have the best interests of poor people and those with limited bank access at heart. Those people are their bread and butter. People who are paid on to pay cards have to pay private ATM fees if they don't have access to bank accounts to transfer their money to.
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Post by TapToTalk on Aug 17, 2019 19:26:10 GMT -5
I realize the two issues are only tangentally related. I just find it humerous a private ATM company is pretending to have the best interests of poor people and those with limited bank access at heart. Those people are their bread and butter. People who are paid on to pay cards have to pay private ATM fees if they don't have access to bank accounts to transfer their money to. Yet another unrelated issue. If bankless folks are getting their paycheck on a debit card and get charged fees for withdrawing cash, then that should be rectified. It's a similar issue if they're given a check and are forced to one of those "check cashing" places. But, that person with a payroll card who uses it for purchases, won't be charged fees. The topic is about people who don't have debit cards in a cashless store.
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Post by justthinking on Aug 17, 2019 20:02:08 GMT -5
I know of exactly one cashless store, and that is the one in this article. I'm not sure this is a wide-spread problem.
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Post by marianparoo on Aug 18, 2019 2:01:38 GMT -5
Not accepting cash is getting to be a problem in Israel, but not for shopping. More for bill paying.
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Post by realcranky on Aug 18, 2019 6:00:21 GMT -5
We went to the bank Friday, and they don’t use deposit slips anymore. I am so damn old.
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Post by Wise Old Goat on Aug 18, 2019 11:38:41 GMT -5
We went to the bank Friday, and they don’t use deposit slips anymore. I am so damn old. Our bank machine doesn't use envelops anymore . Makes dh stabby because he's always depositing cheques of all different sizes and the machine can't always figure it out so he always has to put them in in small clumps instead of in one envelope. The cool thing though is that it prints copies of the cheques onto the receipt so it's easy to track things.
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Post by Tpatt100 on Aug 18, 2019 11:47:17 GMT -5
I have been scanning checks with the Chase bank app to deposit checks for a while now.it can get annoying trying to find a spot with sufficient light that isn’t directly overhead so my phone’s camera doesn’t reflect a glare which makes scanning not work right:
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Post by Wise Old Goat on Aug 18, 2019 16:35:31 GMT -5
I'm not super interested in banking from a mobile device. I know lots of people do it - but I'm not there yet . Speaking of which that's another reason that cash should be an option - cash purchases are private purchases. Gifts don't show up on credit card bills, no one else needs to know how much you're spending on [insert item here]. Some times being incognito is nice.
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Post by villanelle on Aug 18, 2019 20:03:28 GMT -5
There are at least a couple restaurants around me that don't take cash. I think if a store wants to only accept chickens or goats as payment, they should be allowed to do that.
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Post by shaena on Aug 19, 2019 5:58:29 GMT -5
The campground I stay at hosts a libertarian festival every year. Acceptable forms of currency are everything from cash, apple pay, bitcoin, and some guy he melts his own silver into coin. It's all legal tender that week! I quite enjoy that!
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Post by Wise Old Goat on Aug 19, 2019 11:45:50 GMT -5
There are at least a couple restaurants around me that don't take cash. I think if a store wants to only accept chickens or goats as payment, they should be allowed to do that. Sure they should be allowed to do that - but I don't think they should be allowed to refuse legal tender.
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Post by junebug on Aug 19, 2019 13:25:51 GMT -5
Most airlines no longer accept cash for food/beverages. That's been in place for a few years now.
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Post by Mamapalooza on Aug 19, 2019 14:35:24 GMT -5
I've never seen a no-cash store. I've seen the opposite where a small retailer will take cash only, or perhaps just debit but no credit cards.
I'm a debit card shopper and rarely have cash but I'd be pissed if that's what I had and it was refused. If robbery is the issue then society needs to deal with that better.
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Post by TapToTalk on Aug 19, 2019 21:40:42 GMT -5
I have been scanning checks with the Chase bank app to deposit checks for a while now.it can get annoying trying to find a spot with sufficient light that isn’t directly overhead so my phone’s camera doesn’t reflect a glare which makes scanning not work right: I call those Zero World problems... they are even less important than first world problems. (Like my complaint about stores that don't take Apple Pay.) I'm not super interested in banking from a mobile device. First, you need to have interest in a mobile device.
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Post by Wise Old Goat on Aug 20, 2019 15:42:40 GMT -5
I have been scanning checks with the Chase bank app to deposit checks for a while now.it can get annoying trying to find a spot with sufficient light that isn’t directly overhead so my phone’s camera doesn’t reflect a glare which makes scanning not work right: I call those Zero World problems... they are even less important than first world problems. (Like my complaint about stores that don't take Apple Pay.) I'm not super interested in banking from a mobile device. First, you need to have interest in a mobile device. Well yes
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