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Is rejecting cash legal in these countries ? I get they do not want handle the cost and difficulty etc. But refusing cash should be illegal for public establish
by manquer 10y ago
Is rejecting cash legal in these countries ? I get they do not want handle the cost and difficulty etc. But refusing cash should be illegal for public establishments at the very least.
- jaclaz 10y agoTechnically it would negate the status of "legal tender" to the money, not really something that a state or governement can allow, not even in private transactions, but of course the article is largely exaggerating: Title: ... cash is on the verge of extinction... Inside:"Electronic payments in the Netherlands’ shops and supermarkets overtook cash payments for the first time in 2015 by a narrow margin: 50% debit cards while 49.5% were paid for in cash the remaining 0.5% were credit card-payments. There’s a movement afoot by a coalition of Dutch banks and retailers that want that ratio to increase to 60% electronic payment versus 40% hard currency by 2018. "
- goatlover 10y agoSo not on the verge extinction at all. Also, whenever someone brings up the a northern European country as the trendsetter for the rest of the world, I can't help but be skeptical.
- sanswork 10y agoWhere laws exist they tend to be worded around debts only. A store is free to demand payment by any means they wish.
- petre 10y agoAnd I am free to not buy from a store that does not accept cash.