If cash is king, how can stores refuse to take your dollars?

Posted by $ Olduglycarl 8 years, 8 months ago to Business
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I'm not sure I'd do business with a concern that wouldn't take my cash.
I've own several business and often made cash deals. Cash was king for me...credit was costly. Being small made it difficult to compete while paying credit card fee's.

What do you think...cash, credit or both.

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  • Posted by Exitstageright 8 years, 8 months ago in reply to this comment.
    If cash was outlawed by banks and the finanacial system, if would unleash something they could not control. The barter system. In my neck of the woods, we already barter. For instance, I just installed a solar powered water well pump for 100 bales of coastal hay to feed my cattle. I water his cattle, he feeds mine, as it were.
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  • Posted by $ Olduglycarl 8 years, 8 months ago in reply to this comment.
    No different...some of the reasoning for only taking credit was logical...however, if all this data is shared, it certainly builds a profile and for someone like me, changing what I want and do on a regular basis would be continuously drawing red flags if someone were looking.
    I not saying that I prefer cash particularly because is not traceable, to the contrary, I just find it more convenient and I don't have to keep track of it...it's apparent by what's left in my wallet and not in my bank statement...less work for me, simple stupid.
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  • Posted by $ Olduglycarl 8 years, 8 months ago in reply to this comment.
    Exactly.
    However, we might find in the future that government and banks may outlaw cash transactions or at least make it as difficult as possible...what ever the reason, it can come to no good,
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  • Posted by Hot_Black_Desiato 8 years, 8 months ago
    Free Market.....take your patronage elsewhere...problem solved.

    Is this any different from stores that do not take credit cards and only take cash or check?
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  • Posted by Exitstageright 8 years, 8 months ago
    Carl,

    If I was adament on using my cash to make a purchase and a place of business would not take my cash, I would find one that did. I believe every business reserves the right to operate the way they feel fit, amd every customer has the right to walk.
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  • Posted by edweaver 8 years, 8 months ago in reply to this comment.
    cash is only paper now that it's not backed up by anything. Sure, I may do business with them.
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  • Posted by edweaver 8 years, 8 months ago
    As your first statement said, private business can do as they wish. Period.
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