Businesses denying cash payments.

Started by Sick Of Silence, April 30, 2020, 04:28:19 PM

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supsalemgr

Quote from: Bronx on July 23, 2020, 06:31:44 AM
It's all about the fees

https://creditcards.usnews.com/articles/why-isnt-american-express-accepted-everywhere

The company I worked with after my retirement used AmEx. Several merchants I frequented would not accept it. AmEx provides some kind of credit on transactions to the bearer's company that actually is passed onto to the merchant/vendor.
"If you can't run with the big dawgs, stay on the porch!"

Sick Of Silence

Now they are using the excuse that there is a coin shortage. Since Malls were closed, there should be plenty of coins out there.
With all these lawyers with cameras on the street i'm shocked we have so much crime in the world.

There is constitutional law and there is law and order. This challenge to law and order is always the start to loosing our constitutional rights.

Frauditors are a waste of life.

Hoofer

https://www.congress.gov/bill/116th-congress/senate-bill/3571/text

SEC. 3. AUTHORITY AND MANDATE FOR MEMBER BANKS TO MAINTAIN PASS-THROUGH DIGITAL DOLLAR WALLETS.

(b) Terms Of Pass-Through Digital Dollar Wallets.—Pass-through digital dollar wallets—

(1) shall not be subject to any account fees, minimum balances, or maximum balances and shall pay interest at a rate not below the greater of the rate of interest on required reserves and the rate of interest on excess reserves;

(2) shall provide functionality and service levels no less favorable than those that the member bank offers for its existing transaction accounts, including with respect to debit cards, automated teller machines, online account access, automatic bill-pay, mobile banking, customer service and such other services as the Board of Governors of the Federal Reserve System determines appropriate in the public interest, provided that digital dollar wallets shall not include overdraft coverage;

(3) shall be prominently branded in all account statements, marketing materials, and other communications as "pass-through FedAccounts" maintained by the member bank on behalf of the Federal Reserve;
.................

Preparing for a Cashless society??? - this is sitting in the Senate.   It could be a way to circumvent the US Treasury and go directly to the Federal Reserve (which is privately owned)
All animals are created equal; Some just take longer to cook.   Survival is keeping an eye on those around you...