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I ran a pop up shop and totally understand not wanting to deal with cash. It adds overhead (counting, bank runs, accounting entries) and puts you at higher risk
by username444 7y ago
I ran a pop up shop and totally understand not wanting to deal with cash. It adds overhead (counting, bank runs, accounting entries) and puts you at higher risk for robbery.
But I also use cash for most of my daily purchases, because I don't trust banks to not sell my spending habits.
It's a complicated situation, and for now, requiring cash is a smart move. Most people will default to cards (most places I go buy from, turn on the card reader before even asking if I'm using cash), and we'll probably end up there eventually. Hopefully, not before better consumer privacy regulations.
- londons_explore 7y agoThe government could help make this better for stores by allowing a "cash receiving machine" which destroys and counts all cash put into it. The government can then print/make new cash, while the business gets that credited to their bank accounts. Now the business doesn't have on-site cash to handle. The cost of reprinting money is pretty low, especially considering how few people use cash.