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Working Poor

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shadowrider

(4,941 posts)
Sat Aug 13, 2016, 04:27 PM Aug 2016

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?
18 replies = new reply since forum marked as read
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Only the top 1% really count. guillaumeb Aug 2016 #1
This is concerning get the red out Aug 2016 #2
The Banking Cartel WheelWalker Aug 2016 #3
Debit cards PJMcK Aug 2016 #4
People without plastic money and smartphones are useless eaters FrodosPet Aug 2016 #5
There are some germaphobes that push very hard for cashless stores bluestateguy Aug 2016 #6
The poor germaphobes FrodosPet Aug 2016 #8
My daughter shadowrider Aug 2016 #17
For the most part 2naSalit Aug 2016 #7
Simple retail transactions FrodosPet Aug 2016 #9
aw I loved Mitch Skittles Aug 2016 #14
You'll have to pay a fee to buy a debit card. GeorgeGist Aug 2016 #10
In Sweden, I would bet that the poor don't have to worry Curmudgeoness Aug 2016 #11
Would have to find a different store dembotoz Aug 2016 #12
same here Skittles Aug 2016 #13
In Sweden you'd have to find a different bank too most likely w0nderer Aug 2016 #15
Unpossible FrodosPet Aug 2016 #16
hmmm let's see w0nderer Aug 2016 #18
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