Stores to customers: "Cash not welcome here" [View all]
http://www.cbsnews.com/news/stores-to-customers-cash-not-welcome-here/
To get a glimpse of the future of commerce in America, look no further than Sweden.
The Scandinavian country is largely a cashless society, with consumers relying on mobile phone payments or plastic. While the U.S. is still far from achieving the same level of cash-free existence, increasing numbers of restaurants and retailers are now snubbing the lowly dollar bill.
Some merchants such as SweetGreen, a salad chain, refuse to open their registers for cash, telling customers they can pay only with mobile payments or cards. With some newer vending machines, only a card or mobile wallet will get that cold Coca-Cola to roll down the chute.
The stance may appear un-American -- after all, currency is considered legal tender for all debts or dues -- but the Treasury permits private businesses to set their own policies, which means going cashless is fine with Uncle Sam.
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For a period of eight years in the 90's, due to extremely poor credit (self-inflicted), I had no credit card. If companies here start using a "cashless" basis for their transactions, what happens to the people who don't have a credit card? Where are they supposed to go?