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Crime Deterrent Or Inconvenience? Coffee Shop Goes Cashless

Meh.

I don't see the big deal.

I've usually got unlimited plastic on me (within reason), but only a limited amount of cash. So no big deal. Seems lately I use cash for tipping and Lotto, and that's about it.
 
Chomsky said:
Meh.

I don't see the big deal.

I've usually got unlimited plastic on me (within reason), but only a limited amount of cash. So no big deal. Seems lately I use cash for tipping and Lotto, and that's about it.
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How do you buy your dope?

;)
 
Around where I live the trend is to refuse to take plastic, because the credit card processors take a 2-5% cut which really eats into profits. The only places I am ok with this is are the taco bus and the weed store, otherwise I tend to avoid the cash only places.
 
It's rare I ever have cash on me.
 
I just hope this coffeshop is allowing customers to tip on their credit slips. Starbucks doesn't, and I think this is a bit unfair for their baristas.
 
Seems like a good move. Only 22% of their revenue was cash and they said most of their customers were on board with the switch. They also haven't seen a drop off in sales. I like it.
 
This is going to spread like wildfire. It is a dangerous step closer to complete overlord of your expenditures. You are a ball of info. Please keep it to yourself.
 
Hawkeye10 said:
Around where I live the trend is to refuse to take plastic, because the credit card processors take a 2-5% cut which really eats into profits. The only places I am ok with this is are the taco bus and the weed store, otherwise I tend to avoid the cash only places.
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One other important reason for small businesses refusing to take credit cards is that it forces them to report a larger percentage of their business income than they would otherwise have to report. That 5% cut is VERY unusual. The credit card service that links with a smartphone takes 2.75% on all major credit cards including American Express. Most deposits to one's bank account next business day. Many of these businesses won't take checks either. That combination is a dead give-away.

https://squareup.com/get-a-reader?p...pc&utm_term=smartphone+credit+card+processing
 
Chomsky said:
Meh.

I don't see the big deal.

I've usually got unlimited plastic on me (within reason), but only a limited amount of cash. So no big deal. Seems lately I use cash for tipping and Lotto, and that's about it.
Click to expand...

I hardly use cash anymore at all. It's easier to balance my checkbook and keep track of expenditures that way. The only stores around here that take cash only are weed dispensaries and I don't toke (anymore).

Cash will soon be a think of the past - it'll be a lot harder on criminals that way. Even folks with poor credit can get debit cards.
 
lurchadams said:
I hardly use cash anymore at all. It's easier to balance my checkbook and keep track of expenditures that way. The only stores around here that take cash only are weed dispensaries and I don't toke (anymore).

Cash will soon be a think of the past - it'll be a lot harder on criminals that way. Even folks with poor credit can get debit cards.
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I don't even do checks anymore. Nothing to balance. I just look at my checking account online every few days, to make sure I don't get any charges I'm not aware. That's it.
 
d0gbreath said:
This is going to spread like wildfire. It is a dangerous step closer to complete overlord of your expenditures. You are a ball of info. Please keep it to yourself.
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I agree, but it's getting too late I think.
 
Chomsky said:
I don't even do checks anymore. Nothing to balance. I just look at my checking account online every few days, to make sure I don't get any charges I'm not aware. That's it.
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Checks are no fun when someone chooses to use one ahead of you in line at the grocery store :(
 
MaggieD said:
One other important reason for small businesses refusing to take credit cards is that it forces them to report a larger percentage of their business income than they would otherwise have to report. That 5% cut is VERY unusual. The credit card service that links with a smartphone takes 2.75% on all major credit cards including American Express. Most deposits to one's bank account next business day. Many of these businesses won't take checks either. That combination is a dead give-away.

https://squareup.com/get-a-reader?p...pc&utm_term=smartphone+credit+card+processing
Click to expand...

Well that is the cynics view of the situation. I was trying to stay bright and cheery.

Note: some of the loan people take 5%, plus interest on the loan. These are the ones where a loan is taken on months worth of anticipated card transactions, for folks who have nothing else to use as collateral. I know a guy who got mixed up in that.
 
RickJames3000 said:
I just hope this coffeshop is allowing customers to tip on their credit slips. Starbucks doesn't, and I think this is a bit unfair for their baristas.
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Why so? Baristas make at least minimum wage unlike servers.
 
Groogrux said:
Why so? Baristas make at least minimum wage unlike servers.
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Because, believe it or not, tipping for coffee drinks has become somewhat standard at many shops... and the majority allow you to tip with a card. Many of the baristas at Starbucks have just as much skill as the indies.
 
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