3 ms·

And it's only going to get worse as businesses shift away from taking anything other than the promises of third party rent seeking corps to pay for items. In th

And it's only going to get worse as businesses shift away from taking anything other than the promises of third party rent seeking corps to pay for items. In the USA this is supposed to be illegal, ie, places have to accept cash for debts. But the solution many businesses have already found is to simply not take orders unless you swipe your card first. Pretty soon you won't be able to buy food or other neccessities without using a credit card.

no_wizard 3y ago
Debit cards exist, and I see no push against people using them in the US. If anything, everyone is being encouraged to have one.
latchkey 3y ago
> Pretty soon you won't be able to buy food or other neccessities without using a credit card. In the US, this is FUD. There may be isolated instances of this happening which makes everyone spread doomsday news, but I really don't see this happening at every single place in the US within the next 20+ years, which falls out of your 'pretty soon' estimation.
- superkuh 3y ago
  Sure, there'll be dollar stores and the like. But already I bet you can't find a food truck that'll still accept cash. Nearly all of them require swiping a card before they'll even acknowledge you. I've run into many physical location restaraunts that do this too. Not most but it's a growing trend even here in the low population density midwest.
  - mikestew 3y ago
    But already I bet you can't find a food truck that'll still accept cash. You'd lose that bet in a big way. I'll take my winnings in cash, thank you very much.
  - muffinman26 3y ago
    Have you tried paying cash at a food truck recently? I've yet to find one that doesn't accept cash, even in a major US city close to tech campuses. With the exception of a few small restaurants, the local self-operated car wash that kept getting robbed after hours, and a few farmer's markets (usually also at incredibly inconvenient times), I've yet to find a place that doesn't take cash. I've been to multiple restaurants in the past month that only accept cash, though.
    - superkuh 3y ago
      Huh. Maybe the twin cities region of minnesota is just terrible in this regard? I really thought it was like this everywhere but all these comments are pretty convincing. I guess it's just locally bad.
  - deleted 3y ago
    [deleted]
  - latchkey 3y ago
    > I bet How much?
  - malfist 3y ago
    Dude, we know you're being hyperbolic. No company refuses to acknowledge you before you swipe a card. Hell, you can't swipe a card until an amount is provided with only a few exceptions (gas pumps). No food truck do you walk up to, swipe your card, and then give your order.
pjlegato 3y ago
Not quite. "Selling you something" and "satisfying a debt owed" are not the same thing. A sales transaction is not the same thing as a debt. It is perfectly legal for a counterparty to decline to enter into a sales transaction with you because they don't like your proposed payment terms. They are not required to accept cash (or anything else that they don't like.) That is not satisfaction of a debt owed; no debt has been created, because they refuse to give you anything in the first place. The "legal tender for all debts" part means that _if you already owe someone money_ for some reason, and you offer them cash, they cannot refuse the cash and then pursue legal action against you for not paying the debt. The court must rule that your offer of cash is sufficient to satisfy the debt.

no_wizard 3y ago

Debit cards exist, and I see no push against people using them in the US. If anything, everyone is being encouraged to have one.

latchkey 3y ago

> Pretty soon you won't be able to buy food or other neccessities without using a credit card. In the US, this is FUD. There may be isolated instances of this happening which makes everyone spread doomsday news, but I really don't see this happening at every single place in the US within the next 20+ years, which falls out of your 'pretty soon' estimation.

superkuh 3y ago
Sure, there'll be dollar stores and the like. But already I bet you can't find a food truck that'll still accept cash. Nearly all of them require swiping a card before they'll even acknowledge you. I've run into many physical location restaraunts that do this too. Not most but it's a growing trend even here in the low population density midwest.
- mikestew 3y ago
  But already I bet you can't find a food truck that'll still accept cash. You'd lose that bet in a big way. I'll take my winnings in cash, thank you very much.
- muffinman26 3y ago
  Have you tried paying cash at a food truck recently? I've yet to find one that doesn't accept cash, even in a major US city close to tech campuses. With the exception of a few small restaurants, the local self-operated car wash that kept getting robbed after hours, and a few farmer's markets (usually also at incredibly inconvenient times), I've yet to find a place that doesn't take cash. I've been to multiple restaurants in the past month that only accept cash, though.
  - superkuh 3y ago
    Huh. Maybe the twin cities region of minnesota is just terrible in this regard? I really thought it was like this everywhere but all these comments are pretty convincing. I guess it's just locally bad.
- deleted 3y ago
  [deleted]
- latchkey 3y ago
  > I bet How much?
- malfist 3y ago
  Dude, we know you're being hyperbolic. No company refuses to acknowledge you before you swipe a card. Hell, you can't swipe a card until an amount is provided with only a few exceptions (gas pumps). No food truck do you walk up to, swipe your card, and then give your order.

pjlegato 3y ago

Not quite. "Selling you something" and "satisfying a debt owed" are not the same thing. A sales transaction is not the same thing as a debt. It is perfectly legal for a counterparty to decline to enter into a sales transaction with you because they don't like your proposed payment terms. They are not required to accept cash (or anything else that they don't like.) That is not satisfaction of a debt owed; no debt has been created, because they refuse to give you anything in the first place. The "legal tender for all debts" part means that _if you already owe someone money_ for some reason, and you offer them cash, they cannot refuse the cash and then pursue legal action against you for not paying the debt. The court must rule that your offer of cash is sufficient to satisfy the debt.