The problem with cashless restaurants

[pipeguy]

https://www.msn.com/en-us/money/smallbusiness/the-problem-with-cashless-restaurants/ar-BBJaSQI?li=BB...

I posted a thread on this "no cash accepted" Visa program previously, (7.12.17 Would you shop at a store or restaurant that refuses to take cash?) but this is a good article that looks at both sides.

Final paragraph: "It’s true that going out to restaurants isn’t a right. But in an era when an increasing number of restaurants no longer accept legal tender, it’s useful to think about who this system benefits most: the businesses and banks, at the expense of consumers."

[gdale6]

Forced cashless isnt a good idea, it cuts out a whole range of possible customers. There are people where I live that have a bank account just to cash their paychecks or receive their SS and they take it all out and pay cash for everything. I could go into other areas of the argument but this isnt the place for such arguments.

[Anonymous]

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@gdale6wrote:

Forced cashless isnt a good idea, it cuts out a whole range of possible customers. There are people where I live that have a bank account just to cash their paychecks or receive their SS and they take it all out and pay cash for everything. I could go into other areas of the argument but this isnt the place for such arguments.

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Good point gdale6!

[Anonymous]

I charge almost everything. Now and then when I am eating lunch alone at a small non-chain restaurant I do pay cash. Doing so because I know that using a CC I am costing the owner. I know of a couple of restaurants that do not take AmEx because of the swipe cost.

[MakingProgress]

Personally I operate as a cashless person. However my Dad has multiple bank accounts (won't use a debit card, writes checks for bills) and credit cards (only uses them for online purchases or travel) and he uses cash for all other purchases.    He would get up and walk out of a resturant that won't take cash, so that place won't ever get his business. 

[arkane]

Doesn't affect me personally since I use cash maybe once a month, but I can definitely see the downsides to forced cashless. Maybe one way to do it would be to offer some incentive to swipe instead? 

It's funny though because all the restaurants I frequent actually prefer cash, and even offer a 2-3% "cash discount" since they don't get hit with swipe fees. I suppose I need to go visit something more "upscale" and "posh". 

[Anonymous]

I actually know of a restaurant that does not accept any CC payments. There is an ATM machine inside. The restaurant wins both ways: a fee from the ATM and cash that just might not be reported!

[arkane]

Was this guy the owner?

[Anonymous]

You've been there???

[arkane]