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Re: Would you shop at a store or restaurant that refuses to take cash?

joe8185 wrote:

The last time I visited my local BoA branch in person was last month, to get fixed a problem at a local store where my debit card's chip wasn't reading properly and caused it to be charged several times without displaying a completed transaction. As it turns out, the chip itself was wearing out - it finally gave up the ghost this past weekend and I've had to order a replacement card. I don't think I've seen a paper paycheck in at least 15 years myself, it's all been direct deposit.


I work for the local county, you can't get paid by paper paycheck, that's called "non-compliance" with county policy and is subject to disciplinary action - you have to have a bank account for direct deposit to get paid.


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Re: Would you shop at a store or restaurant that refuses to take cash?

[ Edited ]

I work for the local county, you can't get paid by paper paycheck, that's called "non-compliance" with county policy and is subject to disciplinary action - you have to have a bank account for direct deposit to get paid.

 

....and yet over 20% of the population is "unbanked" including those with jobs. I'm not a bleeding heart by any means, but to force cash only or electronic payment (as far as paycheck or transactions) seems to pour salt in the wound of those that say "doesn't effect me...".  

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Re: Would you shop at a store or restaurant that refuses to take cash?


pipeguy wrote:

I work for the local county, you can't get paid by paper paycheck, that's called "non-compliance" with county policy and is subject to disciplinary action - you have to have a bank account for direct deposit to get paid.

 

....and yet over 20% of the population is "unbanked" including those with jobs. I'm not a bleeding heart by any means, but to force cash only or electronic payment (as far as paycheck or transactions) seems to pour salt in the wound of those that say "doesn't effect me...".  


I suppose there are ways around having a bank account, like Amex/Walmart Bluebird, if it has a routing # & account # it would work, but those who don't have a bank account are unlikely to know about alternatives like that. A couple years ago there was controversy over some McDonald's franchisees paying paychecks only through reloadable debit cards issued by Chase. The employees got hit with ATM fees when they got cash, and Chase charged a $5 fee when getting cash back at a cash register, normally free for debit cards. And if the employee lost the debit card Chase hit them with a $15 replacement fee Paying bills online with the card was a 75 cent fee each time, and just checking the balance on the card was a $1 fee. A couple state courts ruled that paying employees only through debit cards was illegal, and I think the practice is no longer allowed anywhere. 


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Re: Would you shop at a store or restaurant that refuses to take cash?

Absolutely. 


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Re: Would you shop at a store or restaurant that refuses to take cash?


DaveInAZ wrote:
joe8185 wrote:

The last time I visited my local BoA branch in person was last month, to get fixed a problem at a local store where my debit card's chip wasn't reading properly and caused it to be charged several times without displaying a completed transaction. As it turns out, the chip itself was wearing out - it finally gave up the ghost this past weekend and I've had to order a replacement card. I don't think I've seen a paper paycheck in at least 15 years myself, it's all been direct deposit.


I work for the local county, you can't get paid by paper paycheck, that's called "non-compliance" with county policy and is subject to disciplinary action - you have to have a bank account for direct deposit to get paid.


Smiley Surprised

 

(I wish this forum had an "astounded" or "jaw-dropped" smiley.)

 

I really didn't know that there were at least some places you could get disciplined nowadays if you refused to take direct deposit these days...

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Re: Would you shop at a store or restaurant that refuses to take cash?

I don't know if i woulnd't shop there but I would like to know ahead of time.  It would really suck to eat my dinner only to find out they don't take cash and that is all I have on me.



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Re: Would you shop at a store or restaurant that refuses to take cash?

I wouldn't care one way or another and be more concerned about the food and service than how they accept payment.

 

There will of course be people on both ends of the spectrum on this discussion and I think certain establishments would have a very difficult time going "cashless" anytime in the near future. Can you imagine McDonalds adopting this strategy? 

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Re: Would you shop at a store or restaurant that refuses to take cash?

Direct deposit/direct payment mandatory is very common. For our biz over half is incoming wire or ach paymnets. It is much cheaper to ach a payment than send a check for a biz. 

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