Topic: New York City Stores Must Accept Cash Council Says - page 2. (Read 605 times)

Same news broke out in China as well if I am not wrong a few times back, or it could be some other country, I don't see this as something bad. New York is known for their hard regulations on crypto and that is why not many crypto related places are based in New York (there are few of course) but reality is that you should not reject cash payments is something done against cards more than crypto.

There are plenty of places that accept just debit/credit cards nowadays and not take any cash, we have that here in our nation as well, they don't accept cash and I was walking around with a lot of money because I wanted to buy a computer and those usually cost a lot of dollars, they rejected it and made me go to an ATM, put it on my card and comeback to buy it which was weird, it is good that cash is an option that is forced for those cases.

They might actually be better off with a cashless society.
I found myself sometimes willing to give a few euros to some beggers which were clearly not "professional" ones but I didn't have small change, so:



And it's not just China or Sweden but also the UK



Let me see how can I reply to shit without making one novel out of it.
Both systems are a pain in the ass !!!

My family has kept s a small shop for out products (meat) because of the ambition of my father to still sell to the average joe customer and not only to a big reseller
Of course, since most of the customers in that small shop are elderly people who want to buy fresh products they deal obviously with cash, and here comes the shitload of problems.

You must ensure that you have change and a lot of change because if it's the first month after the pension payments you will get only big bills so be ready to have small bills equivalent to almost all your merchandise.
Second, you need a camera because always there will be at least two or three arguings that they didn't receive the right change or you might end with the cashier taking a few bills (not even mentioning if she takes all the money at the end of the shift, and yeah that shit happened and imagine in one day losing close to 2000 euros, having to file police complaints, having to see a judge, a prosecutor and then closing shop till you find a new cashier...)
And, if you think you're avoiding banks, no you must deposit all the income for the day to a bank or if you don't want your employee to wonder to the other side of town with that bunch of bills get ready for a 200euro/month plan for cash pick-up.
Yeah, without cash probably we would close it down altogether with at best 10% of the clients switching to a card but no, dealing with cash is not as easy as it might seem.


If the electricity goes down you will stop selling even when dealing with cahs because your cash register will go down also and I would be risking a 5000 euros fine for selling without a receipt.

This is precisely the same law as in my country (and in any other countries CMIIW). Stores must accept the national currency (in this case, dollar). Since the dollar has two forms, i.e., paper cash and digital, stores must take both as payment.

Thou shalt not reject the dollar!

Probably it is maybe because the hackers are getting more skilled and intelligent that they have scared the government. Robbers are might already around looking for the opportunity for their next victims, that is the reason why cashless payment really is more convenient in a way that you won't even need to carry your very heavy coins and your very fragile piece of fiat paper. However, if we will be looking at the other side, cashless payment methods can easily get hacked by the intelligent new era of thieves. That is why New York has a very good point with that.

Well, this is good - for now. I don't mind people paying with plastic, I myself do most of my shopping using cards. But the option to pay in cash should be kept. An establishment turning away cash is basically saying they don't want gov't minted-money. I can't see any way that should be legal.


Agreed, heard about a bank that did this, just forgot which one. Imagine actually locking your customer's money because you don't like their opinions. They should stick to doing business, not virtue signalling. Gillette should be a warning to them.


Who knew something "good" would come out of it. I'm assuming this is only for now that they still haven't distributed debit cards to their "constituents" where they can receive their welfare.

Once that gets going watch them be the first to encourage cashless only businesses under the guise that they'd be able to restrict people buying alcohol and stuff if they can only pay using card and they can't use cash to pay for drugs. Make no mistake though, once you step out of line your account will get cancelled.

We Americans love our cash. It gets pretty weird:


Cash culture aside, it's not surprising to see places like SF and NYC enacting cashless bans. There is a progressive angle: the argument is these businesses discriminate against the unbanked/underbanked, which disproportionately affects the poor, communities of color, immigrants, etc.

If I understand this correctly,the City stores cannot REFUSE to accept cash,according to the Council's decision.They can still accept credit/debit cards and mobile app payments.They just don't have to right to deny cash payments.I think this is a good decision.A 100% cashless society means less freedom of choice.
I'm not a fiat supporter but the people have to choose what payment method to use.Their choice shouldn't be limited.

If you read the full OP, you'll understand what's the reason. I assume the store has some responsibility to follow the rules so this is where they'd debate which is their 'right' and which one is their 'obligation'.

Cash is indeed convenient to use. And it will stay for a long while before it is totally replaced with online payments and digital currencies. But does it have to be made into an explicit policy stating that stores must accept them? Do stores not have the right or the preference to accept any kind of payment for as long as they are legal?

Digital, physical, what's the difference, if they would still be in control of the money supply?


Use Bitcoin! Why suggest a creation of another "cryptocurrency", which would be under their control? What are we here for?

With digital ear and technology become most popular I think digital payment currency is most priority is some bigger city, its available when have bigger store only accepted using digital currency payment and not allowed for receiving with cash money transaction, we now on bigger era of payment digital currency.

It is quite ironic that there must be a law passed demanding that the consuming public be given the opportunity to pay in cash if they wanted to and not being imposed with only cashless options. Well, we are in the era where the world is turned upside so this is nothing special anymore to me. While I understand that cashless choices can even be more convenience to many shops and merchants, I am supporting this move to legally require businesses that open right for anybody to use cash. However, they also require them to accept Bitcoin though this can just be another "punch the moon" wish.

Let the use of cash and cashless mode of payment be options that the people can choose from. Let it be the choice of the people. I quite understand that the retailers feel the need to propel people into the digital era and think the cashless mode of payment is safer for them. But, forcing people to go cashless isn’t a good way to go about it. How will the people who have no access to cashless mode of payment cope? Let it be a choice.

They dont want to deal with cash because possible robbers. When you deal with cash and your revenue is low. You need to have enough change stored. Dealing only with credit cards is simple, since they can pay exactly as it is needed and no need to give them change back.

This is interesting to me, as there are at least two businesses right near me that only accept cash because apparently they don't want to deal with payment processors like Visa & Mastercard and the fees that are involved.  I don't know of any businesses in my state that won't take your paper money or coins.  That seems very odd to me--whatever happened to "cash is king"?  Why would any merchant not accept cash?

I totally get that people love paying for things with plastic or their smartphone, but there should always be an option to pay for things with physical money IMO.  Not only is it cheaper for the merchant but it's sometimes more convenient for some people, plus you have to deal with problems like the power going out or not being able to connect to the payment processor.  What do you do in situations like that--not make sales?  That's crazy.

I'm not a New Yorker and rarely go there anymore, but this is a good move on their part I think.

Exactly.  That population is by no means negligible.  Some people beg for their meals or collect pocket change, and how are they supposed to pay for things if society goes completely cashless?

Exactly the government should made it mandatory for every business to make cash their foremost and preferred payment for their products and services and if the customers don't have cash then they should use other payment options. Lots of money are spent by the government to print physical money for businesses to say they won't accept them.

I actually think it makes sense to allow cash as an option as long as it is legal money. It’s government printed money so it seems that it would have to be acceptable. The government could stop printing money and then we could switch over.

However, going completely cashless does create a problem for poor people that don’t have phones or computers or even credit cards.

i wonder,how beggars can survive there ?
new york must be a dynamic city,with no traditional market there and full of internet connection everywhere.
seems pretty easy to do such thing there.
but the point, how security there will be ?

well, yes, it can be, but in this case, these people still need a bank account too for cashing out, i dont think daily needs can be completely overcome by crypto.

It is true that some other countries or places, prefer a cashless transaction because they think that it is more secured and safe. Although it is faster and reliable, you can use it whenever and wherever you want if a certain company or shop allows you to access your accounts and use it as a form of payment. That's not even impossible because our technologies are continuously developing for years and we have nothing to do about it. We need to adopt from the advantages of being millennial that all things in our surroundings are easier to use, means "high-tech". But you've said that the only problem in a digital currency is that it is prone in being hacked. You should also make safe transactions and plans to prevent yourself from being scammed while using a card.

No - they're banning cashless retailers because of the very real risk that if credit card terminals are hacked, or the electricity grid is hacked, the whole economy goes down.

In the UK, we've had several instances of banking IT going down, which means no-one can use the cards from the bank. If you have no cash at hand, you can't pay for food and petrol during the downtime.

You must always build fail-safes into a system - and cash is a fail safe.