Soon you won't even need a debit or credit card. You'll just have a bar code tattooed on your wrist. Now, that will sure be convenient. With the wide spread acceptance of tattoos by the masses it won't be a hard sell at all. If I walked into a retail site that didn't take cash I'd walk out with just as much as I walked in with.
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Soon you won't even need a debit or credit card. You'll just have a bar code tattooed on your wrist. Now, that will sure be convenient. With the wide spread acceptance of tattoos by the masses it won't be a hard sell at all. If I walked into a retail site that didn't take cash I'd walk out with just as much as I walked in with.
We would only accept US legal tender. US dollars. The question is whether or not it would be paper money. As to reasons see post #62. No-cash is sounding no-popular!
The dollar is the US currency and takes many forms. Paper money is not the only form of the US dollar. Promissory notes, checks, cash, credit cards, coins, etc can be denominated in US dollars. No one is suggesting using pesos or the euro, just what form of the US dollar accepted. This is primarily due to safety and efficiency concerns (post #62) and not in an effort to personally upset anyone on this forum or disgrace the United States of America!
Paypal has the same policy.
What?
Why in the world would you not take cash. Cheques I can almost understand but cash!
I wouldn't shop there if you didn't take cash.
Hell - is not taking cash even legal?
Making change takes time.
It doesn't take that much time up to make change, and most software will give you an exact change to be dispensed to do away with human error.
Employee theft.
We balance our drawers every night, and if there is someone thieving from their cash drawer it's going to be noticeable pretty quickly. It's going to be up to ownership and managers to keep an eye on their employees. It's part of doing business, and not accepting cash for fear of your employees stealing from you isn't a good idea.
Decrease likelihood of robbery.
I can see your point here, somewhat. We open carry or conceal carry inside our business. We keep minimal cash in our drawers at all times, and always make eye contact, greet people as they come in to let them know we're paying attention. IMO, keep your eye on customers, let them know you see them, and make it known that you carry firearms in your business and your business won't be too attractive for potential robbers.
No counterfeits.
We have had two counterfeit twenties in the 7 years we've been open, and I think they both came from the bank. Really nothing to worry about, and the counterfeit pens are cheap and work fine.
No deposit trips to bank.
Deposit trips to the bank are always a good time for your employee to grab lunch for ya on the way back, just saying!!!
...No errors in making change or miscounting bills by employees or bank.
Most software will give you the exact change to give out. Unless you have a bonehead employee this shouldn't be a problem. I had an employee, keyword HAD a problem keying in the wrong dollar amount on credit cards. There is always that person that will screw things up.
I have never really talked about it here on these forums, but I have been in credit card issuance and acceptance since 1995.
If you guys are paying 2.5 to 4% for your V/MC base rate, you are simply being overcharged. I don't want to derail the thread, but please PM me if I can help any of you with your rates. If I can do anything for you, I will, and it ought not cost you a cent.
ON TOPIC: Take cash, fella. Your job is getting people to pick you to do business with, not make it harder for them to do so.
If you guys are paying 2.5 to 4% for your V/MC base rate, you are simply being overcharged. I don't want to derail the thread, but please PM me if I can help any of you with your rates. If I can do anything for you, I will, and it ought not cost you a cent.
ON TOPIC: Take cash, fella. Your job is getting people to pick you to do business with, not make it harder for them to do so.
Generating receipt and swiping card takes less time than generating receipt handling cash drawer and applying change, esp when it rolls over counter and into crevice or customer counts it twice, etc.
You often don't know what type of employee you've hired for some time, no?
"No cash" would be posted outside of business.
Hopefully when you take a cc you look at their ID.
We would never take checks, regardless.
These are not just my reasons for considering no cash these are recommended reasons by other businesses who do not accept cash. I think some are legit. Reception from potential customers here demonstrates it's probably not wise, however. Thank you for your replies everyone! Keep smiling! Green Beetle loves you!
Accept both cash and credit cards.
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