- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: The war on cash. Noticing more and more places refusing to take cash.
Posted on 5/31/22 at 10:06 am to Napoleon
Posted on 5/31/22 at 10:06 am to Napoleon
A lot of retail places in the city I just moved from (Tacoma) have stopped accepting cash in the last few months. I don't know about anywhere else but there it's because of a dramatic increase in armed robberies. The store my son worked at hadn't been robbed in 20 years. It got hit three times in April.
0
Posted on 5/31/22 at 10:18 am to thekid
quote:
Wrong. Businesses have to pay for the bank to handle their cash. Deposit slips/bags are free to individuals but not for commercial. One Employee gets robbed or injured delivering a cash deposit could cost a company 1000’s of dollars.
Right but its very minimal unless you are an all cash business. Most small businesses aren't outsourcing cash transportation services. That's ludacris, the OP isn't talking about fricking Walmart or Home Depot not accepting cash
Posted on 5/31/22 at 10:57 am to deathvalleyfreak43
quote:
Yup- pretty soon it’ll be all digital and every single transaction we make will be monitored. Our government credits will just appear In our accounts.. yay socialism
This
Posted on 5/31/22 at 11:00 am to WigSplitta22
quote:
Right but its very minimal unless you are an all cash business. Most small businesses aren't outsourcing cash transportation services.
Cash is one of the most expensive things businesses do. Between theft, the balance of the register, and the controls you have to put in place I'd make my business as cashless as possible.
Posted on 5/31/22 at 11:10 am to Homesick Tiger
quote:limited mental faculties, maybe
If you have limited finances, no it's not.
Posted on 5/31/22 at 11:11 am to GreatLakesTiger24
quote:Anyone who does that is an idiot.
Here's the thing about credit cards. You walk into Home Depot with a hundred bucks in your pocket to buy something you found for $85 in an ad somewhere. You buy it and leave. You walk in with a credit card and buy that $85 item and two or three more items you didn't intend to buy when you walked in. At the checkout counter you end up spending a $143.30.
Posted on 5/31/22 at 11:20 am to Mingo Was His NameO
quote:
Cash is one of the most expensive things businesses do. Between theft, the balance of the register, and the controls you have to put in place I'd make my business as cashless as possible.
Banks frown upon businesses making lots of cash deposits in industries that are not likely to be cash intensive, as well. Raises a lot of red flags. Especially if it looks like they're trying to avoid a CTR. That's a fast way to get your account closed by the bank.
Posted on 5/31/22 at 11:26 am to Homesick Tiger
quote:
Hampton Inn across from the Ike Center in West Monroe doesn't. I had a helluva round with them back in 2013 about it. I lost the argument because of that small fine print at the bottom of the registration card that no one reads when I checked in.
You do realize pretty much every hotel that isn't a pay by the hour slum requires a card because of incidentals, right? If you pay with cash and then you trash the room, order room service, steal shite, break shite, etc., how exactly are they going to cover that?
I think stores refusing to take cash for items is silly, but the hotel thing makes complete sense.
This post was edited on 5/31/22 at 11:32 am
Posted on 5/31/22 at 11:30 am to Homesick Tiger
quote:
Who is "they". We just remodeled our house a year ago and we paid cash for all kinds of stuff between the $500-800 range at Lowe's, Home Depot and an appliance store. Things over a grand we cut them a check.
Are you aware you're leaving hundreds of dollars a year on the table by not using a credit card with rewards?
Posted on 5/31/22 at 11:42 am to LouisianaLady
quote:
Are you aware you're leaving hundreds of dollars a year on the table by not using a credit card with rewards?
Bingo
Posted on 5/31/22 at 12:57 pm to zippyputt
So what do you do if you are told by a server they don’t accept cash after having been served?
Posted on 5/31/22 at 1:20 pm to Volvagia
Never happened to me but I’d pay the bill and tip appropriately and accordingly to the service provided. I would probably just pay with a card after offering to pay in cash. I may just leave cash with tip and leave. I’m not reading fine print to eat at a restaurant. That’s absurd.
Posted on 5/31/22 at 1:29 pm to Napoleon
Lots of places don’t want cash on hand for several reasons. Getting robbed over and over is one.
Posted on 5/31/22 at 1:41 pm to 777Tiger
quote:
I see no problem with this
quote:
I used to own a dry cleaner business, I was one of the few white 'murcans in the trade, and maybe the only one that reported all income and paid my share, all of the other injuns, azns, lebanese, whatever, were the biggest cutthroat cheaters in the game, pretty disgusting if you ask me
4th Grade logic:
Person 1: A lot of service providers don't report their income and avoid paying taxes.
Person 2: Yay! Good for them!
Person 1: But you'll end up paying more in taxes to offset the loss in tax revenue.
Person 2: That ain't true!
Government: Hahaha
Person 2: We need to right-size government and decrease spending! (that decreases government services, some of which also benefit Person 2)
Government: Lol.
This post was edited on 5/31/22 at 1:44 pm
Posted on 5/31/22 at 2:29 pm to Napoleon
quote:
It was a trip to Chicago that this happened. I still had a card to use for hotel and other things but u had a good bit of cash on me and found it really hard to use.
Why didn't you just go to a Walgreens or CVS and use that "good bit of cash" to load up a Visa pre-paid card and avoid the issue altogether?
Posted on 5/31/22 at 3:51 pm to Napoleon
Stripclubs are the last bastion of free market capitalism and cash usage!
Posted on 5/31/22 at 4:08 pm to Mingo Was His NameO
quote:
Cash is one of the most expensive things businesses do. Between theft, the balance of the register, and the controls you have to put in place I'd make my business as cashless as possible.
Honestly don’t know if it’s ‘one of the most expensive’, but with labor costs these days it’s not cheap. Certainly likely in the 1-3% range depending on the business and transactions. You have to pay your cashier time to count it at the start and end of their shift, pay your manager time to count it, and then take the time to deposit it.
This is why credit and bank drafts/ ACH are becoming so popular for anything of decent amounts or routine customers. I had a customer pay me $18,000 in a check the other day and it dawned on me it saved me $450 in CC fees. For small transactions CC’s are great, but once you go over $1000 it’s kinda crazy to be paying 2.5% fees for a single transaction.
Posted on 5/31/22 at 4:11 pm to Napoleon
I see more businesses charging a fee for using credit cards. I seldom carry cash anymore. All my payments are direct deposited. Bills paid electronically.
Hard Cash is dying. Its digital numbers on a screen.
Hard Cash is dying. Its digital numbers on a screen.
Posted on 5/31/22 at 4:32 pm to zippyputt
quote:
I may just leave cash with tip and leave. I’m not reading fine print to eat at a restaurant. That’s absurd.
Not determining what types of consideration a business is willing to accept is equally absurd.
Posted on 5/31/22 at 4:38 pm to Hangover Haven
quote:
Hate to break it to you, it’s not a war on cash, it’s a war on theft…
Employees can’t steal credit card transactions..
Correct. And cannot be robbed on the way to the bank
Page 10 of 11
Popular
Back to top
Follow TigerDroppings for LSU Football News