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Bet those stats go way up in the next few months as more and more businesses get on the refusing cash bandwagon. Apparently it's for 'safety' but I live in a co

Bet those stats go way up in the next few months as more and more businesses get on the refusing cash bandwagon. Apparently it's for 'safety' but I live in a country where my money's made out of plastic or metal, that shit can be sprayed or dunked in iso. The excuse seems pretty flimsy too when again, places don't seem to bother cleaning off their pinpads before the cashiers or other customers touch them anyway.

drewbug 6y ago
The other 82% is ACH, not cash
stevehawk 6y ago
That stat won't change much in the US. It's illegal for a store to turn down cash.
- jedberg 6y ago
  That's a myth: https://www.federalreserve.gov/faqs/currency_12772.htm https://www.federalreserve.gov/faqs/currency_12772.htm Private companies can refuse cash.
  - elliekelly 6y ago
    There’s no federal law but it’s not a myth. It varies by jurisdiction. Several states (New Jersey, Rhode Island, and I’m sure others) and cities (NYC and Philadelphia, for example) don’t allow a retail business to refuse cash.
  - fsckboy 6y ago
    if you owe a business money, you can pay the debt in cash.
    - ByteJockey 6y ago
      Correct, but if you want to buy something, you don't owe them anything yet. However, if you stole the thing and were ordered by the court to pay restitution, they would have to accept cash for that.
    - jedberg 6y ago
      Yes, but you don't owe them any money if you want to buy something. From the link: "There is, however, no Federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services"
      - fsckboy 6y ago
        but if you are going to quibble and point out myths and misconceptions, why not just tell the whole story instead of half of it. If you eat in a restaurant, and they tell you "cards only", you owe them money, and your cash is good. "good for all debts, public and private" has a meaning that is not vitiated by a "no cash" policy.

drewbug 6y ago

The other 82% is ACH, not cash

stevehawk 6y ago

That stat won't change much in the US. It's illegal for a store to turn down cash.

jedberg 6y ago
That's a myth: https://www.federalreserve.gov/faqs/currency_12772.htm https://www.federalreserve.gov/faqs/currency_12772.htm Private companies can refuse cash.
- elliekelly 6y ago
  There’s no federal law but it’s not a myth. It varies by jurisdiction. Several states (New Jersey, Rhode Island, and I’m sure others) and cities (NYC and Philadelphia, for example) don’t allow a retail business to refuse cash.
- fsckboy 6y ago
  if you owe a business money, you can pay the debt in cash.
  - ByteJockey 6y ago
    Correct, but if you want to buy something, you don't owe them anything yet. However, if you stole the thing and were ordered by the court to pay restitution, they would have to accept cash for that.
  - jedberg 6y ago
    Yes, but you don't owe them any money if you want to buy something. From the link: "There is, however, no Federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services"
    - fsckboy 6y ago
      but if you are going to quibble and point out myths and misconceptions, why not just tell the whole story instead of half of it. If you eat in a restaurant, and they tell you "cards only", you owe them money, and your cash is good. "good for all debts, public and private" has a meaning that is not vitiated by a "no cash" policy.