Interesting... will not accept cash

[Anonymous]

Today I had to drop youngest DD at one of those drop in child care places. (Oh, and she called it the "Kidnap" place. WTF? Maybe since there is one nearby called KidStop, but sheesh.)

Okay, so the point is, they had a little sign that said they do not take cash.

What is that about? Anyone seen that before? I thought they had to pay a fee for each credit transaction, so wouldn't it be better for them financailly to take cash?

BTW, this isn't a skanky area or anything, but maybe they fear being robbed?

[Anonymous]

I don't believe Sam's Club accepts cash at their gas stations.  When I shop at my local Sam's Club, I usually park near the gas pumps, and I've never seen any cash exchanged.  I could be mistaken.

[Lel]

Could be that they don't want to have to take a bag full of cash to the bank every evening, or maybe their workers have a tendency to dip into the till.

[Anonymous]

Our old daycare didn't accept cash, either. It was a check or nothin'. They said it was to keep from having large amounts of cash on the premises in order to keep insurance costs down. YMMV, though.

Also, we've lived in oodles of apartment complexes over the years (we've moved several times to due to DH's job) and NONE of them will accept cash. Once, I was out of checks (I HATE having to keep track of the "extra" books of checks) and since I was already at the bank (and didn't want to pony up $10 for a fee for a cashier's check), I took out the cash for rent. They would NOT accept it. So I ended up having to pay the stupid $10 fee after all (and drive the 40 miles BACK to the bank). Needless to say, it would have been oodles cheaper to have just ponied up the $10 fee rather than waste all that gas.

You live and you learn. :/

[Anonymous]

Also probably saves them time from having to write receipts.. if you claim childcare on your taxes, your check or CC would serve as your receipt, otherwise they have to write everyone receipts.

[Anonymous]

When my youngest son was in day care, they accepted checks or credit cards only. The reason they gave was that if it were known that cash might be in a daycare staffed primarily by women, it made a 'better' target for crooks. By not having large amounts of cash on hand, both the teachers AND the children were at less risk. And this was considered one of the safest suburbs in L.A. County.

[MattH]

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@Anonymous wrote:
When my youngest son was in day care, they accepted checks or credit cards only. The reason they gave was that if it were known that cash might be in a daycare staffed primarily by women, it made a 'better' target for crooks. By not having large amounts of cash on hand, both the teachers AND the children were at less risk. And this was considered one of the safest suburbs in L.A. County.

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I once rented an apartment where they had a "no cash" policy, and as with your day care center their stated reason was they didn't want to become known as a potential target for robbers.  This was also a State where the law prohibited landlords from charging a penalty for late payment -- so every landlord in the State simply put in the lease "X dollars per month, minus a discount of 75 dollars if paid by the 10th of the month," which of course came to the same thing.