As more retailers move to a cashless experience, some lawmakers are taking notice. Currently only Massachusetts state law specifies that a business MUST accept cash as a payment form. NJ is considering a similar ban that would mandate that businesses in the state continue to accept paper US currency for transactions.
What do you think? Plastic all the way, or are you old-school and like carrying paper money around?
More retailers are banning cash
More and more businesses like the Drybar chain of blow-dry salons don’t want your money — the paper kind at least, The Wall Street Journal’s Katherine Bindley reports.
The big picture: Chain restaurants Sweetgreen and Dig Inn have stopped accepting cash at nearly all of their locations, as have a Starbucks in Seattle and some pubs in the U.K. Massachusetts is currently the only state that requires retailers to take cash, but the inconvenient and sometimes awkward frustrations caused by cash bans have prompted lawmakers in New Jersey, New York City, Philadelphia and D.C. to consider taking up similar legislation.
Would make tipping the go go dancers awkward if we were a cashless society ?
Good point!
Right? It’s already awkward tipping bartenders on cards ?
Dave Tober do you have any idea how many girls I put through college when I was younger? Lol
Credit card fees to s small business is a killer!
Danny Scarpati I’ve helped my share too
This should also apply to the minimum on a card. I’m sorry my chinese order isnt more than $10. It doesnt mean that I shouldn’t be able to use my card lol.
They can’t have a minimum on card charges call your card company and complain
Josh Jones saw some small stores post minimum to use charge card. Or put an up charge if you do use card.
Marylou Mccarthy It is against most credit card processing contracts to have a minimum. Many small stores do it because of the fees they get charged for small transactions eat their profits.
Josh Jones yes they can set minimums. They don’t have to offer to take credit cards at all. Only a few merchant services say you can’t and the don’t and won’t enforce it. If they take square or any of them they don’t even have to tell you that they could take credit cards.
Josh Jones lots of places do though as others have said. I have to remember to get cash out at the grocery store so I can do certain things like get my eyebrows waxed ??
it is illegal to set a minimum on a debit card but legal for credit card. Merchant companies charge so much in fees that a minimum is required just to make sure the company doesn’t LOSE money on the transaction. Cash should always have to be accepted (as it literally states on bills)
Alli O’Neill it is not
Matthew William Burtis what is not?
Alli O’Neill illegal to set minimums on credit/ debit card purchases
Yet we need a law to ban a stupid concept ??♀️
Sorry I use cash and change
I would only accept this if the credit card companies lowered their percentages to like .05 percent. It really hurts retailers how much they charge to run the card.
You mean the transaction fees, right? I know there’s different types of plans, but what’s the average percentage for like Visa and Mastercard?
Steph VanPelt Besides the fees you pay your cc company to use your card, mechants have to often pay a fixed transaction fee and a percentage on top of that per transaction depending on volume.
Steph VanPelt average percent when I owed a business was 1.75-2.85, plus swipe fees. Even more if you used rewards cards (double points almost meant double transactions fees)
Thanks, both of you, for your replies! ?
We need to rid the penny and save the budget! Costs $0.03 to make a shitty penny!
Ocean County Scanner News has anyone (besides me) question the government reminting the coins? The state series of the quarter? Pennie? Nickels? What did that that cost?
nwo
We are all slaves to money.
Good luck with that. Legal for all debts public and private.
Some only take cash ( ?to avoid reporting to Uncle Sam)
Can t force this it’s ridiculous
Fuck that !
Just another law taking away our freedom. If you have cash then, you have to put it in the bank. The government is watching you. They need every cent accounted for and taxed accordingly
Never! I hate banks
Banks demand ID when you deposit cash into your account too. How ridiculous.
I’ve never been asked for id to deposit cash.
Alberto Rea Wells Fargo
Maryellen Acocella that’s now a federal mandate. Eventually all banks will require it. It’s to do with money laundering.
Cynthia Menke Lynch that actually makes it more annoying.
F banks
Its in the bible,
Jeez… never thought I’d see the day when cash was obsolete…
Should be required to accept cash if you have a physical location.
That’s what NJ wants to do!
But at the same time, trying to force everyone to use easy pass! ?
Well I guess Brick and Mortar don’t NEED our quarters anymore. Cash is King!!!! Just wait.
Until we have state currency and no longer accept currency from the United States Treasury with every note marked with “this note is legal tender for all debts public and private” it is illegal for any transaction to refuse said note as payment within the confines of the United States those signs in the Taco Bell drive through saying we do not accept $50-$100 are illegal they violate federal law, who gives a fuck what states say they don’t print the money or control the value of the dollar so their opinion is invalid in my eyes
I hate when people in line count the exact change out like if it’s 85 cents it takes em awhile