quote:

Originally posted by RogueJSK:

quote:

Originally posted by shoevb:
Our schools have stopped taking cash for tickets to sporting events. You have to buy them online. I think it's partly a safety issue if not also easier accounting.

Back when I was an SRO, one of my duties was to provide a security escort for the person with the bank bag containing the cash from ticket and concession sales at the end of the night.

I'll tell you, most of those school ladies were terrified of being robbed when they had that bank bag. (To the point of being unreasonably paranoid.)

So in that light, given the choice, I suspect most school workers would jump at the chance of not having to sweat handling the bundle of cash and just sell everything online.

Never considered carrying large amounts of cash a issue. I used to make some very large deposits on a regular basis, for two local businesses. Its a responsibility I took upon myself when asked to do so. I did it safely and securely. I understand how some might not be comfortable handling large sums of money. I still cant agree with businesses not accepting cash.

quote:

Originally posted by RogueJSK:

quote:

Originally posted by shoevb:
Our schools have stopped taking cash for tickets to sporting events. You have to buy them online. I think it's partly a safety issue if not also easier accounting.

Back when I was an SRO, one of my duties was to provide a security escort for the person with the bank bag containing the cash from ticket and concession sales at the end of the night.

I'll tell you, most of those school ladies were terrified of being robbed when they had that bank bag. (To the point of being unreasonably paranoid.)

So in that light, given the choice, I suspect most school workers would jump at the chance of not having to sweat handling the bundle of cash and just sell everything online.

Imagine much of this is due to smart phones and watches, many of the attendees are kids, they all have smart phones, mom and dad can put a credit card or debit card on the phone and they can pay with it, kids don't carry cash as much today but they all have a smart phone.

I'ts all fun and games until the 45 year old brazilian chick walks into your office with $860,000 in cash to buy a house. Yeah, was anyone expecting me to start counting it?? Not happening on so many levels.

was she hot?

quote:

Originally posted by RogueJSK:

quote:

Originally posted by ZSMICHAEL:
You need to use cash at the Illinois Marijuana dispensaries. No credit cards or checks. They have armed guards.

This is because marijuana is still federally illegal, and therefore they can't utilize the credit card processing or bank check processing networks for illegal transactions.

Their only option is to accept cash. But then they also can't deposit this cash at a federally insured (FDIC) bank for the same reason.

So they end up either having to keep their pile of cash safe themselves at a (hopefully) secure location, or band together with other dispensaries to have their own uninsured non-federally-recognized private bank.

There's an entire subindustry in states who have legalized weed for stuff like private dispensary banking along with security for the storage/transport of the large quantities of cash involved.

Many use state chartered banks.

^^^^^^^^^
I understand they are state chartered. What is the difference from a depositors point of view?

quote:

A dollar is just a unit of measure/value. A dollar bill is a piece of paper with the denomination written on it.

Saying something costs 4 dollars does not imply 4 dollar bills. You are saying that I can assume if you say it's 4 dollars that means you accept 4 dollars worth of bitcoins. The method of payment accepted is up to the seller - bills have no more relevance than crypto coins.

It doesn't imply it, it downright means exactly that. The "dollar sign" ($) is used by every nation that utilizes it to represent the amount of their currency.

$1.00 is one dollar of our official currency dating all the way back to when our nation was founded, and the Constitution signed. It is not a random unit of measurement (well, the 1 is, but not the dollar or $ portion), and does not mean Bitcoin or anything else other than official US dollars.

The method of payment is up to the seller. If you want Bitcoin, you specify Bitcoin. If you want Mexican Pesos, you specify Pesos. When you put that little "$" in front of a number, you are specifying that amount of US currency. If you won't accept that currency, don't advertise that you will.

Some people will accept a check in lieu of currency. A check is not currency. Some people will accept a credit card in lieu of currency. Credit cards are not currency. Some people will accept those Bitcoins, also not currency. And in that example, the little Bitcoin symbol is used to indicate that's what they're talking about. Most people listing an amount of Bitcoin they will accept will not accept currency, not accept a check, and not accept a credit card.

If you advertise an "offer", be prepared to accept that from your buyer. And if you're listing something as $X, that means you should be prepared to accept $X for payment. If you want to accept anything outside of that, well that's your choice too. I take checks because my bank will give me $. I take credit cards, because the bank will give me $. You can also give me $ and cut out the middlemen. I don't have to accept your check because I did not advertise that I would accept checks. Same with credit cards. But if I tell you I will do something for a number of dollars, you can darn well expect me to accept that number of dollars as payment.

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Ok, so we agree words mean things. Our language being tricky, that's why we've further sliced the pie down to "dollar bills," "cash," or "paper and coin currency." If I list my products online, and state that something is "four dollars" and someone tries to pay with an online method, but I tell them "no, I said four dollars. I will accept an envelope delivered to my address with four crisp Washingtons" they're going to tell me to get fucked. So when a retail establishment says "we do not accept cash" and you walk in and show them a dollar bill, who is being silly? "I demand you do it thusly" is not something free men tell each other.

Yes, words mean thing. If a free man tells me I owe him $4.00 for his services, I am NOT "demanding he do it thusly". That is HE telling me that's how he wants to do it.

And it's quite simple. If you don't want to accept US Dollars, then do not advertise your goods or services as available for such. Advertise it as Bitcoin, Pesos, or whatever else floats your boat.

The whole "I said dollars, but I didn't really mean dollars" doesn't fly with me.

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Originally posted by BamaJeepster:

quote:

Originally posted by trapper189:
I don’t know if it’s a thing...

It is most definitely a thing, as it has prompted a few states to pass laws forcing businesses to accept cash:
Paying With Cash? Retailers Must Take Your Dollars in These States.

It has also prompted Congress to introduce the "Payment Choice Act" to force businesses nationwide to accept cash. The bill has passed the House and is waiting on action from the Senate:
It May Soon Be Illegal For Businesses to Refuse Cash: An Update on the Payment Choice Act

I think businesses should be allowed to make their own decisions about what payments they accept and let the market decide, but I guess we will see if this law passes.

Personally, I usually carry around either a $20 bill or a $100 bill and never use them. I got a $100 bill back in April or May and it's still in my wallet, untouched. I've written 2 checks this year and it was just because my plumber prefers checks over cards. Otherwise it's all online/electronice payment or debit/credit card.

What happened to "legal tender for all debts"?

flashguy

Many cashiers in some of these places act totally lost, when they have to deal with cash, even when the computer screen tells them how much changes to give back to the customer. A most basic skill was never learned or totally forgotten. Sad.

I sympathize with small businesses not wanting to manage cash. Controlling cash is monotonous, risky work, theft risk, robbery/assualt/murder risk, I understand the it. If my business model didn't need cash, I might avoid it myself depending on my customer base. Seems cash these days is used by people who LIKE using it, and I understand that too, being anonymous and non-traceable for whatever personal reasons. I think large establishments need to take cash however, because it's business, and their scale makes it more practicable to manage and store cash securely, hire armed cash transport services, insurance to handle fire & cash theft, etc. I'd hate to get shot or murdered for $250 in cash at my bank drop box at 9:30 at night. Huh ? Not me bub.

As I posted on page 1, I support any business that wants to be credit only. Now, I'll elaborate why.

My brother worked in high school at a bustling video rental store that was a Mom & pop competitor to Blockbuster. Business was lots of low dollar transactions so more cash than credit card. Cheap ass owner wouldn't spring for good security cameras, a safe to dump cash register periodically, or security despite that the once good neighborhood was transitioning. Perps came in near close, rounded up all of the college age and high school age employees, forced them on their knees, and executed each one with a shot to the back of the head.

Fortunately, my brother wasn't working that night, but his friend was. His friend had previously quit, but owner talked her into coming back to help out for a few weeks and she wanted to make a little extra cash to go on a vacation.

quote:

Originally posted by a1abdj:
And it's quite simple. If you don't want to accept US Dollars, then do not advertise your goods or services as available for such. Advertise it as Bitcoin, Pesos, or whatever else floats your boat.

I'll call them dollars.


If this isn't the silliest debate I've taken part in, it's surely up there.

quote:

Originally posted by a1abdj:
It doesn't imply it, it downright means exactly that. The "dollar sign" ($) is used by every nation that utilizes it to represent the amount of their currency.

We'll just have to agree to disagree on the meaning of value. If I say something is worth $200 I do not mean that it is worth 200 dollar bills. The bills are merely a means of exchange. If a business advertises that something costs 4 dollar bills then by all means they should be expected to accept legal currency. Otherwise, they should be able to demand payment in any form they choose.

quote:

Originally posted by flashguy:
What happened to "legal tender for all debts"?

flashguy

Explained by the Federal Reserve...All that statement means is that cash is legal tender, not that I have to accept it for payment.

https://www.federalreserve.gov...s/currency_12772.htm

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Section 31 U.S.C. 5103, entitled "Legal tender," states: "United States coins and currency [including Federal Reserve notes and circulating notes of Federal Reserve Banks and national banks] are legal tender for all debts, public charges, taxes, and dues." This statute means that all U.S. money as identified above is a valid and legal offer of payment for debts when tendered to a creditor.

We have much discussion here about how businesses should be able to refuse to serve certain customers for religious or other philosophical reasons, but it’s not okay to refuse to serve certain customers for sound practical reasons—? What’s the difference?

You don’t like their policies and refuse to patronize them for that reason? Of course you can. You can refuse to patronize any business because you don’t like the letter font they use on their web site, but they don’t have the right to avoid the disadvantages of dealing with cash if they want to?

If you live in a human hive, you’ll probably find other places to provide what you need. For a time, anyway.
Those of us who don’t live in a hive, though, don’t always have that option, and then we must rely on sources like Amazon. And none of those vendors take cash either.

(I carry lots of cash and generally prefer to pay with it whenever possible, and that includes at one local restaurant that will accept payment in cash or check only, no credit or debit cards. They are usually packed at lunchtime.)

A business that doesn’t want cash, ok their choice, my choice to go
To business that do accept cash.

Cash is king!! My wife's AC went out in her minivan. I gave the lady at the dealer 8 one hundred
dollar bills. She let out a yell, I'll have to go to the bank!! Not my worry. Sucks to be you.

quote:

Originally posted by sigfreund:
We have much discussion here about how businesses should be able to refuse to serve certain customers for religious or other philosophical reasons, but it’s not okay to refuse to serve certain customers for sound practical reasons—? What’s the difference?

I think a lot of it boils down to: we don't like what we don't like and we especially don't like it when people do what we don't like.

quote:

Originally posted by sigfreund:
We have much discussion here about how businesses should be able to refuse to serve certain customers for religious or other philosophical reasons, but it’s not okay to refuse to serve certain customers for sound practical reasons—? What’s the difference?

You don’t like their policies and refuse to patronize them for that reason? Of course you can. You can refuse to patronize any business because you don’t like the letter font they use on their web site, but they don’t have the right to avoid the disadvantages of dealing with cash if they want to?

So WTF says any of this is a "right"?

I guess you aren't entitled to complain about things you don't like?

This is the new norm within 3 years maybe less 90% of all private and public purchases will be digital

quote:

Originally posted by smschulz:
So WTF says any of this is a "right"?

I guess you aren't entitled to complain about things you don't like?

I think he is referring to the fact that several states have passed laws forcing businesses to accept cash and a bill has passed the House that would force businesses nationwide to accept cash. These bills would remove a businesses right to choose the forms of payment they will accept.