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 $ 8 years, 8 months ago in reply to this comment.
    The article said that they do not have to accept cash unless you have a debt with them...that's why you often pay first.
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  • Posted by $ 8 years, 8 months ago in reply to this comment.
    My present wife is only 2 years younger, looks 10 years younger but acts 10 years older...go figure,,,laughing
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  • Posted by DrZarkov99 8 years, 8 months ago
    I've experienced stores that accept cash, but only bills of $20 or smaller. Their explanation is that the higher value bills are more often counterfeited, and in a very sophisticated process that is hard for employees to spot.
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  • Posted by $ FredTheViking 8 years, 8 months ago
    I believe businesses must accept cash by law. I guess since they accept credit in US dollars they may be in a gray area in the law but it is definitely not legal to say tha you won't accept US dollars but only bitcoins. Actually, I think that one could make the case not accepting dollars is not legal either.

    Personally, I think businesses should have the right to do business however they wish. Credit may be expensive and you may be locking out some customers but you save time and money not having to go to the bank. The other thing since you business stores are cashless you reduce the risk of being robbed. All of which is good.
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  • Posted by johnpe1 8 years, 8 months ago in reply to this comment.
    second wife is 5.5 years younger, where the first
    was 4 years younger. . life just happened that way. -- j
    .
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  • Posted by $ 8 years, 8 months ago in reply to this comment.
    Thanks John...glad it worked out...too bad about no kids. I don't either but for different reasons.

    Funny, I divorced at 37 also, and a younger woman too. Interesting connections I've made here at the Gulch.
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  • Posted by johnpe1 8 years, 8 months ago in reply to this comment.
    my first marriage dwindled when I wanted kids and
    she didn't ... then a 15 year gap, and now 19 years
    with Ms right, but still no kids. . anniversary next
    thursday, our 15th, since we went steady for four
    years before marriage. . last saw my first wife in a
    store about 12 years ago and caught myself when
    I reached up and pulled her long hair out of her
    right eye. . like I used to. . the love never died. -- j

    p.s. divorced when I was 37 and she was 33. . and
    good luck with your book!
    .
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  • Posted by $ 8 years, 8 months ago in reply to this comment.
    Yes it was, took a while to recover myself after that but I did recover and even though it hasn't been all fun and games, been married now for 25 years. The 1st 12 were great...now we're just old, we've had our fun...hoping my writing and next book will make things easier. I can't just do nothing...always advancing in one way or another.
    Hope things got or at least get, better for you John.
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  • Posted by $ 8 years, 8 months ago in reply to this comment.
    It's a shame...the end of anonymity, safety and empowerment....guess it's on to bartering and "Printing" what ever you need.
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  • Posted by bkeiber 8 years, 8 months ago in reply to this comment.
    Your key phrase here "to be deducted from one's checking account is a pain" will become obsolete over the next decade.......there will "be no" checking accounts....the banks will be doing away with paper checks in the very near future.....my banker was candid with me when he told me "that we're just waiting for more gray hairs to pass on and then we'll quit printing checks"......20, 30 and 40 somethings just laugh at the word 'checkbook" in my stores now; saying "that's for old people, I wouldn't have a checkbook"......they can track debit card usage on their smartphones in real time now....as I said the "electronic age is here", paper checks and paper money are fading into the sunset slowly
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  • Posted by $ 8 years, 8 months ago in reply to this comment.
    I can just hear that jumbled up mumble as if I was walking with you...laughing.
    When I think of mumbling I remember the Sony and Cher show's commercial break were a small plane is flying around his head, he is mumbling and all you can make out is he got the propeller stuck up his nose.
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  • Posted by Herb7734 8 years, 8 months ago
    I had a movie theater refuse to take a $50 bill. I had a twenty, but irritation makes me stubborn. I told the kid at the ticket booth that I understood she was just carrying out what she was told to do, but I was going to stand there until she accepted my Legal tender. She called the manager who took one look at me, leaning on my cane and told her to accept the money. I left for theater #10 which was the furthest down the hall from the lobby, while mumbling obscenities to myself.
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  • Posted by $ 8 years, 8 months ago in reply to this comment.
    I'm sorry...on line is one thing but to keep a receipt for every purchase to be deducted from one's checking account is a pain in the butt and there is no way I'd use a credit card for simple stupid purchases. Neither would I use a dumb phone for this purpose, there is no protection. I already have shielding on all my cards.
    I would end up not making these purchases, period. Then the only shopping I'd do would be groceries and on line...so these local stores would just wither away from history.
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  • Posted by bkeiber 8 years, 8 months ago
    What store owners DO like about "no cash" is very simple. "Sticky fingered" employees cannot steal credit or debit card receipts. I own 2 small retail stores and the rapid advancement of particularly usage of debit cards has slashed cash transactions by 75% over the last year. Over the next decade checks and cash will be eliminated........ Welcome to the "electronic" age. Retail stores are dying a slow death; replaced by future generations of distribution centers for on-line purchases. Your malls and retail strip centers will "go dark" over the next 15 years. The only retail outlets left standing will probably be WalMart and Target, Lowe's and Home depot; other well known brand names (Sears, Penney's, Kohl's, etc.) will utilize local distribution centers (costing them only 25% of their current overhead for retail outlets).
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  • Posted by $ 8 years, 8 months ago in reply to this comment.
    My point exactly...there is a time and place for both, I am against any regulation of it but the Inconvenience of not being able to use cash locally is disturbing in spite of private businesses reasons for it.
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  • Posted by $ Radio_Randy 8 years, 8 months ago
    On-line business are displacing many "brick and mortar" stores, and they don't take cash. I don't see them losing customers over this.

    We, as consumers, are going to have to use whatever works for a given instance.
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  • Posted by $ jdg 8 years, 8 months ago in reply to this comment.
    Somewhat. It makes two big differences: (1) Some people can never get credit cards or checking accounts (bad history or lack of documentation). (2) if you can't use cash, you can't shop there anonymously. How many of the things we buy might embarass some of us if disclosed to the boss, landlord, or spouse?

    This is why businesses such as check-cashing and money-order services are not going to go away, even though attacked by the likes of Operation Choke Point. Or banned.
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  • Posted by $ 8 years, 8 months ago in reply to this comment.
    Bitcoin just got hacked for millions...guess it wasn't all that secure after all. I almost got on board with it.
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