Current Events > Cash is making a comeback.

(+) Yeah! (+)

I really do not like to use news as a source nowadays

https://www.youtube.com/watch?v=mmnI_rvEBno

The only thing I can buy in the cafeteria where I work with cash is vending machines.

They went entirely cashless to cut jobs. You only need 2 people to cook, not 4 when they had cashiers.

Strangely I agree that it should be illegal to refuse cash payments. It says so on the notes: "good for all debts, public and private."

I'd only be for requiring certain types of businesses to accept cash. Like grocery stores, pharmacies, other businesses that sell essentials.

I mainly use cash at the legal dispensary I go to. Its much cheaper than paying an ATM card fee

Japan still uses cash a lot. I have a credit/bank card and I only use it for bills and online purchases. Actually, I still pay my water, gas, and electric in cash.

Robot2600 posted...

Strangely I agree that it should be illegal to refuse cash payments. It says so on the notes: "good for all debts, public and private."

Tell that to tipping culture as well. If I give you $20, you get $20

If I tip you, you'd probably get $12 at most.

Cash is still very much king here.

I do not have a debit card.

MI4_REAL posted...

I do not have a debit card.

Why not?

I'm back to carrying cash, as over the last year or two I've been discovering that some places now have two separate prices based on your payment method.

Literal caveman currency, but if it saves me $2, YES DEVSMAN PAY IN COCONUTS, OOGA OOGA.

Cash is good but I guess if you pay with your smartphone the carrier eats the transaction fee? So much for the must purchase five US Dollars in goods if paying by card. Cash never left though I generally just pay by card still.

I literally never carry cash and when the rare times I do I end up giving it away to beggars and homeless

Many small businesses in my rural state heavily prefer cash still. ATM and card transaction fees are expensive for businesses.

Always funny to see younger people walk in there with a card and get a rude awakening with the extra charges added onto the bill.

The notion of "cashless" is a fantasy.

Lots small business owners that you can tell are on the conservative side like to charge you for using a card

Kamil posted...

Cash is good but I guess if you pay with your smartphone the carrier eats the transaction fee? So much for the must purchase five US Dollars in goods if paying by card. Cash never left though I generally just pay by card still.

doshindude posted...

Many small businesses in my rural state heavily prefer cash still. ATM and card transaction fees are expensive for businesses.

Always funny to see younger people walk in there with a card and get a rude awakening with the extra charges added onto the bill.

The notion of "cashless" is a fantasy.

Wait, you guys still have transaction fees?

Its so fucking annoying how on one hand so many places are cashless and on the other a bunch of businesses will charge you 3-4% more to use a card

have to imagine this is the type of shit a democratic president would be working to crack down on

^ No not visibly. In the North East United States, but I was just saying how no one here will refuse cash unless you go to a self checkout because well duh it is automated. What kind of dystopian place wouldn't accept it?

TheGoldenEel posted...

Its so fucking annoying how on one hand so many places are cashless and on the other a bunch of businesses will charge you 3-4% more to use a card

have to imagine this is the type of shit a democratic president would be working to crack down on

Thats wild to me.

Kamil posted...

^ No not visibly. In the North East United States, but I was just saying how no one here will refuse cash unless you go to a self checkout because well duh it is automated. What kind of dystopian place wouldn't accept it?

Ive been to plenty of bars that are cashless to speed things up at the bar.

ReturnOfDevsman posted...

I'm back to carrying cash, as over the last year or two I've been discovering that some places now have two separate prices based on your payment method.

Literal caveman currency, but if it saves me $2, YES DEVSMAN PAY IN COCONUTS, OOGA OOGA.

Credit card companies take like a 1.5% fee on every purchase so some companies add a small surcharge to credit purchases to try and cover the difference.

Expect to see mattresses getting stuffed with banknotes if shit continues to get worse at the rate its going.

TheGoldenEel posted...

Its so fucking annoying how on one hand so many places are cashless and on the other a bunch of businesses will charge you 3-4% more to use a card

have to imagine this is the type of shit a democratic president would be working to crack down on

The pool charges 50% more to use a card.

s0nicfan posted...

Credit card companies take like a 1.5% fee on every purchase so some companies add a small surcharge to credit purchases to try and cover the difference.

I know why but that doesn't mean I like it.

ReturnOfDevsman posted...

I know why but that doesn't mean I like it.

well the alternative is that everyone just builds that 1.5% into every sale regardless of how you pay. which is what every business that doesn't have an extra charge does anyway.

monkmith posted...

well the alternative is that everyone just builds that 1.5% into every sale regardless of how you pay. which is what every business that doesn't have an extra charge does anyway.

Sounds good to me.

s0nicfan posted...

Credit card companies take like a 1.5% fee on every purchase so some companies add a small surcharge to credit purchases to try and cover the difference.

Right, but companies make that charge 3-4% so theyre making extra profit out of it

TheGoldenEel posted...

Right, but companies make that charge 3-4% so theyre making extra profit out of it

Then while they're making laws stating businesses have to accept cash, which on topic I actually agree with since the it's the official currency of the country, they should pass some more laws saying that businesses can't make a profit on transaction fees even if they are still allowed to pass them forward to the consumer.

TheGoldenEel posted...

Its so fucking annoying how on one hand so many places are cashless and on the other a bunch of businesses will charge you 3-4% more to use a card

have to imagine this is the type of shit a democratic president would be working to crack down on

They get charged for every use, then push the cost on to you.

s0nicfan posted...

Then while they're making laws stating businesses have to accept cash, which on topic I actually agree with since the it's the official currency of the country, they should pass some more laws saying that businesses can't make a profit on transaction fees even if they are still allowed to pass them forward to the consumer.

while i agree the problem is that requires oversight, which would be done by one of the letter agencies that has been gutted illegally by the trump administration. rebuilding those oversight agencies is going to take years of effort.

I pretty much never pay with cash, but I'm fine with stores giving people the option to use cash. Businesses going completely cashless was mostly caused by COVID. They wanted to avoid touching things that other people had touched

NoxObscuras posted...

I pretty much never pay with cash, but I'm fine with stores giving people the option to use cash. Businesses going completely cashless was mostly caused by COVID. They wanted to avoid touching things that other people had touched

It was a thing in lots of bars in the UK before covid.

NoxObscuras posted...

I pretty much never pay with cash, but I'm fine with stores giving people the option to use cash. Businesses going completely cashless was mostly caused by COVID. They wanted to avoid touching things that other people had touched

that was the claim, the very stupid unscientific claim. the reality was it was a good excuse to fire more cashiers.

whatever the credit cards are charging we should straight-up legislate it to fucking 1%.

we should cap credit card interest rates at 2%.

they'd still make money for doing nothing.

If I go back to having to take cash I'm just gonna quit my job. I hate handling sweaty underwear money in the summer, having to check for fakes, and having to break a $100 bill on a $3 purchase. Not to mention coins.

GeraldDarko posted...

They get charged for every use, then push the cost on to you.

They have always been charged for every usetheyve just recently decided that pushing the cost on consumers is better for the bottom line

Robot2600 posted...

Strangely I agree that it should be illegal to refuse cash payments. It says so on the notes: "good for all debts, public and private."

Unless the service has already been provided, like eating at a restaurant that brings your bill after a meal, most transactions aren't considered "debts". If you're in a retail store or any restaurant or anywhere else where you don't get the product/service until AFTER you pay, it's not a debt.

I'm starting to use cash again when it comes to places passing on the 3% or more CC processing fee to you, which they sometimes still do if you use a debit card

Glob posted...

It was a thing in lots of bars in the UK before covid.

Ah. I didn't really encounter it in the US pre-Covid.

monkmith posted...

that was the claim, the very stupid unscientific claim. the reality was it was a good excuse to fire more cashiers.

What? Self checkout is a completely separate issue

TMOG posted...

Unless the service has already been provided, like eating at a restaurant that brings your food after a meal, most transactions aren't considered "debts". If you're in a retail store or any restaurant or anywhere else where you don't get the product/service until AFTER you pay, it's not a debt.

Wow getting real technical. My 10 dollar bill says in "God we Trust." So now somebody get all particular about how if you don't trust....

NoxObscuras posted...

What? Self checkout is a completely separate issue

sure surged in number during covid, so not really.

[LFAQs-redacted-quote]


Refusing certain denominations because it's a safety hazard to keep it around after hours isn't quite the same as refusing all forms of cash.

But more fundamentally, at a time when payment processors are using their influence to shut down websites that have adult content, giving them even more power by setting it up so that they control all transactions between businesses and consumers sounds like the worst possible idea in the world.

[LFAQs-redacted-quote]

It depends what state youre in.

WingsOfGood posted...

Lots small business owners that you can tell are on the conservative side like to charge you for using a card

Or they are recouping the charge the credit card companies charge them when someone pays with a card. You don't have to be a conservative to want to do that. Especially since as you said, they are a small business. I'm sure there are plenty of openly liberal small business owners who would do the same.

Kamil posted...

Wow getting real technical. My 10 dollar bill says in "God we Trust." So now somebody get all particular about how if you don't trust....

I'm sorry that you don't like that there's a difference between a transaction and a debt.

monkmith posted...

sure surged in number during covid, so not really.

Eh self checkouts were already a thing before Covid. The thing that surged was the whole to your car delivery or apps like door dash and stuff. People didn't want to go inside to get their merchandise so why not just have an employee walk your purchase to your car that you bought online probably so why not just get it delivered to your house?! Which yeah I suppose that could take a day or two but now I am totally side tracking the topic.

Robot2600 posted...

I agree that it should be illegal to refuse cash payments.

As someone who rarely carries cash, I agree.

I've never been to a place that refuses to take cash. Sometimes it's the other way around when they're having problems taking cards.

TMOG posted...

I'm sorry that you don't like that there's a difference between a transaction and a debt.

Well clearly there is a difference, but this is getting real sementical. Just because something was written how cash tender is payable to all debts, doesn't mean that it automatically a right to refuse it for all transactions.