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And they do it because of the possibility of counterfeit bills.
Ummm, your "yes" was specific to counterfeit bills but not cash in general. Try again
To the OP, yes, I have heard of merchants doing this. I am one such "merchant" I am a physician and we do not accept any cash for copays. We accept checks or credit card only. We are not concerned for counterfeit bills, but we are concerned about theft (both employees and thieves) and easier accounting.
Merchants who don't take cash are fools, especially ice cream stores etal where most of their sales are under $20.00. Most counterfeit bills are of the denomination of $20's, 50's and 100's. Counterfeit detecting pens run about $2.00. Other detecting methods are available. Use them.
I don't see many people using debit or credit cards for tiny purchases. I sure don't. Merchants get charged 3-5% for people using those cards. Not a good management decision. They probably get shoplifted for more than they lose on sales.
You are mistaken. Most people don't carry cash any longer. This is why money clips are replacing wallets among men because there is less need to carry cash than there once was. Most men carry their driver's license and a couple of credit cards. They might have a few bills for tipping but otherwise pay for everything with credit cards. This is one reason why Uber and ride share companies are replacing traditional taxis because there is no need to carry cash or cards for that matter. Furthermore, credit cards offer so many advantages over cash that it makes no sense to use cash. I essentially stay in hotels and fly for free because I use credit cards and pay off the balance each month. Also not having cash in your stores make you less of a risk for theft. And as I stated above, theft among employees is a common practice. It's much easier to steal when dealing in cash transactions. That alone is worth a 3-5% charge.Finally, this is also done to weed out certain clientele. In general, people of lower socio-economic background who can't attain cards due to poor credit etc don't carry credit cards.
Well, once again I am outside the "MOST".
I try to always have cash for small purchases. Not only that, but I often go to rummage/garage/estate sales. While some estate sales are conducted by specialized businesses, and so accept cards, most private-party garage/rummage sales do not. They are often "CASH ONLY". Sometimes they accept checks, but it is uncommon.
Ennyhoo, I carry a tri-fold wallet (or billfold, if you prefer), usually with more than $20, less than $100. And, of course, my small collection of plastic cards.
Coins in my pocket, if any, go in a 5 gallon water jug under my computer table every evening.
I have never filled it. I did have a little over $200 in it once, though.
You are mistaken. Most people don't carry cash any longer. This is why money clips are replacing wallets among men because there is less need to carry cash than there once was. Most men carry their driver's license and a couple of credit cards. They might have a few bills for tipping but otherwise pay for everything with credit cards. This is one reason why Uber and ride share companies are replacing traditional taxis because there is no need to carry cash or cards for that matter. Furthermore, credit cards offer so many advantages over cash that it makes no sense to use cash. I essentially stay in hotels and fly for free because I use credit cards and pay off the balance each month. Also not having cash in your stores make you less of a risk for theft. And as I stated above, theft among employees is a common practice. It's much easier to steal when dealing in cash transactions. That alone is worth a 3-5% charge.Finally, this is also done to weed out certain clientele. In general, people of lower socio-economic background who can't attain cards due to poor credit etc don't carry credit cards.
That's a pretty blatant incorrect statement. I see more cash purchases today than CC's. Even at the grocery stores many are using cash. I use cash 90% of the time. My neighbors use cash as often. Cash talks, CC's don't.
Ummm, your "yes" was specific to counterfeit bills but not cash in general. Try again
To the OP, yes, I have heard of merchants doing this. I am one such "merchant" I am a physician and we do not accept any cash for copays. We accept checks or credit card only. We are not concerned for counterfeit bills, but we are concerned about theft (both employees and thieves) and easier accounting.
Pretty sad if you can't trust your employees not to steal cash. And doesn't say much about the accounting skills at your office if there is a problem dealing with cash. I am glad not to be patient at your practice!
No. If it were me, the next day I'd start calling the city/state offices for consumer affairs or the attorney general to find out if that's even legal. Seems it would be potentially discriminatory.
No. If it were me, the next day I'd start calling the city/state offices for consumer affairs or the attorney general to find out if that's even legal. Seems it would be potentially discriminatory.
No need to call anyone.
Read the thread and the links.
It is legal.
Discrimination has nothing to do with it.
Well, once again I am outside the "MOST".
I try to always have cash for small purchases. Not only that, but I often go to rummage/garage/estate sales. .
I have been told to never accept a $100 bill at a garage sale. A common scam is a person comes to your garage sale, and buys a one dollar item with a $100 bill that is counterfeit. You give him back $99 worth of real money, then you are stuck with a phony bill.
Read an online article about some of the pros and cons of doing no cash....
+don't have to make change
+don't have to deal with coins
I pay wish cash quite frequently, and it's sad but true, that some cashiers cannot make change. They don't know how or they don't have the patience to count it out. In some cases, they don't understand what the currency is, example: they don't understand that a nickel represents 5 cents, a quarter is 25 cents, etc. And even though the register tells you what amount to give back in change, cashier jobs still require basic math skills. However, that really shouldn't be the customer's problem if a cashier can't count change. It is an easy job, I worked as a cashier in high school and college.
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