Are businesses required to keep a certain amount of cash in the register? | TigerDroppings.com

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Rohan2Reed
Grambling Fan
T'uela me la pela
Member since Nov 2003
71704 posts

Are businesses required to keep a certain amount of cash in the register?



I almost always pay cash but have noticed over the last few years that some small businesses cannot make change for large bills. With so many people paying with cards these days it's understanable, but are there any laws that require them to keep a certain amount of cash on hand to make change for customers paying cash?






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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
19416 posts

re: Are businesses required to keep a certain amount of cash in the register?


quote:

but are there any laws that require them to keep a certain amount of cash on hand to make change for customers paying cash?


Unless its a bank or something I sure hope not.






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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
30166 posts
 Online 

re: Are businesses required to keep a certain amount of cash in the register?


Why on earth would there be such a law?





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drewnbrla
LSU Fan
The Dark Side of the Moon
Member since Mar 2011
4208 posts

re: Are businesses required to keep a certain amount of cash in the register?


No. But most businesses set a minimum drawer amount to keep in their drawers to make cash transactions for the following day and deposit the rest.





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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
71268 posts

re: Are businesses required to keep a certain amount of cash in the register?


There are no laws that I'm aware of, I start each night with a set amount. If the first two customers come in and pay with $100s then I'm screwed





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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
82894 posts

re: Are businesses required to keep a certain amount of cash in the register?


Hey Big Spender, quit using hundred dollar bills to pay for your chewing gum.





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kengel2
LSU Fan
Team Gun
Member since Mar 2004
5655 posts

re: Are businesses required to keep a certain amount of cash in the register?


quote:

but are there any laws


Move to New York. Im sure there is a law in there somewhere.






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Sherman Klump
UConn Fan
Wellman College
Member since Jul 2011
2295 posts

re: Are businesses required to keep a certain amount of cash in the register?


You're not impressing anyone taking a $50 bill to the snowball stand, broke *****.





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Rohan2Reed
Grambling Fan
T'uela me la pela
Member since Nov 2003
71704 posts

re: Are businesses required to keep a certain amount of cash in the register?


quote:

Why on earth would there be such a law?


Well I ask because I've read some pieces saying that more and more business are doing away with cash registers, checkout counters, etc and modeling themselves after places like the Apple Store. J.C. Penney announced last summer an overhaul of their system of payment to go toward mobile checkout and self-checkout systems.

I just wonder if we are moving toward an age where cash is no longer relevant. To me it's scary that we could one day find ourselves where the only claim we have to our money is a figure on a computer screen.






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Rohan2Reed
Grambling Fan
T'uela me la pela
Member since Nov 2003
71704 posts

re: Are businesses required to keep a certain amount of cash in the register?


quote:

Move to New York. Im sure there is a law in there somewhere.


Why would New York be the only state to have such a law? And if it did I would think it would be an overreach by the government.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
82894 posts

re: Are businesses required to keep a certain amount of cash in the register?


quote:

To me it's scary that we could one day find ourselves where the only claim we have to our money is a figure on a computer screen.


BITCOINS, BABY!!!!






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kengel2
LSU Fan
Team Gun
Member since Mar 2004
5655 posts

re: Are businesses required to keep a certain amount of cash in the register?


quote:

Why would New York be the only state to have such a law? And if it did I would think it would be an overreach by the government


It was a joke, with all the gun stuff going on. It seems New York is trying to take away the peoples right to think.

I guess you could add in California.

Its definitely an over reach, I agree with you.






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Rohan2Reed
Grambling Fan
T'uela me la pela
Member since Nov 2003
71704 posts

re: Are businesses required to keep a certain amount of cash in the register?


quote:

It was a joke, with all the gun stuff going on. It seems New York is trying to take away the peoples right to think.

I guess you could add in California.


Eh. I don't get caught up in labeling entire states as too red or too blue. I've lived in both of those states and found that the attitude of the general public varies across the spectrum. Problem is the lawmakers are usually overly zealous in their attempts to engrave their names into the public lexicon of "powerful minds" and attempt to pass legislation out of step with the voting public and rational thought.






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VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
11386 posts

re: Are businesses required to keep a certain amount of cash in the register?


quote:

BITCOINS, BABY!!!!


I'm thinking about Bitcoin farming. It's being said that if Bitcoins are the standard for transaction in online gaming it will be legal because there will be no currency involved in the gambling process. If that happens the value of Bitcoins could potentially skyrocket.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
82894 posts

re: Are businesses required to keep a certain amount of cash in the register?


quote:

the value of Bitcoins could potentially skyrocket.


I'm putting all of my spare money into unicorn horns......






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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
71268 posts

re: Are businesses required to keep a certain amount of cash in the register?


quote:

To me it's scary that we could one day find ourselves where the only claim we have to our money is a figure on a computer screen.
I bet at some point in history someone said that about paper






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Rohan2Reed
Grambling Fan
T'uela me la pela
Member since Nov 2003
71704 posts

re: Are businesses required to keep a certain amount of cash in the register?


If they did then their point of view would be based on something separate than what I'm talking about. Which is, primarily, tangibility.





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VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
11386 posts

re: Are businesses required to keep a certain amount of cash in the register?


quote:

I'm putting all of my spare money into unicorn horns......


Well, there's always that.






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BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
41819 posts

re: Are businesses required to keep a certain amount of cash in the register?


Casinos are





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Lou
LSU Fan
out here in the middle
Member since Aug 2005
6816 posts

re: Are businesses required to keep a certain amount of cash in the register?


quote:

Are businesses required to keep a certain amount of cash in the register?
I am almost certain that the answer is no. In fact, I don't think businesses are even obligated to accept cash as payment. IE, if they want to accept credit card only, that's their prerogative. (Just my opinion though, I could be wrong)







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