If cash is king, how can stores refuse to take your dollars?

Posted by $ Olduglycarl 7 years, 9 months ago to Business
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I'm not sure I'd do business with a concern that wouldn't take my cash.
I've own several business and often made cash deals. Cash was king for me...credit was costly. Being small made it difficult to compete while paying credit card fee's.

What do you think...cash, credit or both.

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  • Posted by johnpe1 7 years, 9 months ago in reply to this comment.
    and then, after we declare war on the u.s. and lose,
    only to get foreign aid for rebuilding ... more $$$ ! -- j
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  • Posted by johnpe1 7 years, 9 months ago in reply to this comment.
    and think of the praise from the environmentalists
    over collection of the bottles! . we could arrange them
    in the pattern of Rand's initials, AR. . the dollar sign
    has become too tainted, I fear. -- j
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  • Posted by $ Olduglycarl 7 years, 9 months ago in reply to this comment.
    My thoughts too...we could collect all the discarded water bottles and built our own island.
    Laughing, there was a post about a poor guy in some south american country that did that...it's his own country, and he can move it anywhere he wants.
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  • Posted by $ Olduglycarl 7 years, 9 months ago in reply to this comment.
    You might need it to get away from the dreaded...Progressivism...

    I've been thinking lately that if we have a fake recovery and my house goes up enough in value to where I could sell it with a sufficient amount of profit...I'd buy another large sailing yacht and just travel from place to place avoiding as much bull crap as I could.
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  • Posted by johnpe1 7 years, 9 months ago in reply to this comment.
    and we still have a 17 foot in/out 140 horse 4 cylinder.
    we should sell it....... -- j
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  • Posted by $ Olduglycarl 7 years, 9 months ago in reply to this comment.
    You bet...I had several smaller boats...12" foam sail boat...broke the mast on that one and a 16' Chrysler man o war...That boat was quick...got wet a LOT in those. With the ladies there was always some wardrobe malfunction...I didn't look of course (X)
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  • Posted by johnpe1 7 years, 9 months ago
    and in the water? . our sailboat measured more like
    fourteen feet, though! . such fun! -- j
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  • Posted by $ Olduglycarl 7 years, 9 months ago in reply to this comment.
    Those were the days...somehow I knew it was important to enjoy life while we could...these days, that life style would be difficult.

    PS...below deck was awesome...a few times...above deck too!
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    • johnpe1 replied 7 years, 9 months ago
  • Posted by $ Olduglycarl 7 years, 9 months ago in reply to this comment.
    No, I don't trust the banks nor the currency; never mind electromagnetic atmospheric stability. Whether the banks go bust, take your money to cover Their debt or the grid goes down...without the option of cash...your toast.
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  • Posted by $ Olduglycarl 7 years, 9 months ago in reply to this comment.
    Used to be a law that if a business can't make the change...the product is free...what ever happened to that one?
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  • Posted by CBT 7 years, 9 months ago
    I have had several transactions at GOVERNMENT offices (like Motor Vehicles) that will NOT accept cash. Many of the Permits offices would not accept cash either.

    And if you go to the bank with cash, you have to have your ID to make a deposit. I told the teller to just accept ANYONE's money who wants to put it into MY account ... don't slow them down!
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  • Posted by johnpe1 7 years, 9 months ago in reply to this comment.
    laughing because of all the fun you had "below decks?"
    sailboats are wonderful for that!!! -- j
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  • Posted by $ MichaelAarethun 7 years, 9 months ago
    Simple, Cash is not King for a number of reasons one we discussed here in depth last year. Read what it says on the banknote in any denomination. All debts. Without a contracter there is no debt. Prior to a contract being emade the vendor must post the requirements of the sale. Airplane tickets, auto rentals head the list. Those stores that do not deal in cash refuse the contract when you offer cash but should have itg posted. A debt is a contract between two parties. No contract no debt. No debt cash can be refused.

    The other comments are fairly correct. sticky fingers being one of tghe problems. What is peculair is refusing debit which is instant payment and does not have the protection level of credit purchases for the consumer. With credit the credit company is responsible for collecting from the purchaser. Car rentals routinely requie credit to cover costs of damages beyond the level of the insurance but with no damage routinely switch to your offer of a debit card as it is instant payment in full. But ask your self this. Do you trust US Currency?
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  • Posted by $ Abaco 7 years, 9 months ago
    Spent a $100 bill today. Each time I do it I wince...knowing there's a good chance they won't take it. It's not worth their trouble, I guess(?)
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  • Posted by $ jlc 7 years, 9 months ago in reply to this comment.
    Ahh... the 666 problem with barcodes. No, that is not what I was talking about. There was a huge furor in the 1970s about the introduction of scanning at grocery stores.

    And the standardized unit is needed whether you are dealing with cash or virtual money (though not so much with metals).

    Jan
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  • Posted by $ Olduglycarl 7 years, 9 months ago in reply to this comment.
    Why I got ugly and my wife didn't: We bought a brand new 37' hunter sailing yacht when we first met...we sailed it for 12 years...I was the captain, always in the sun and weather and she was below decks or under the bimini most of the time...now I have alligator face at 64 and she does not at 62. The only good thing is we both are still thin like teenagers.
    Don't know why I'm still laughing...
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  • Posted by $ Olduglycarl 7 years, 9 months ago in reply to this comment.
    So long as it's tied to a standardized unit of value and you have to work, produce or create to earn it. It can't be nothin for nothin.

    Don't remember the reaction with bar codes.
    What people don't realize is that 666 is not a physical mark it's about mindset and behavior...not to mention alignments with evil ideologies.
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  • Posted by johnpe1 7 years, 9 months ago in reply to this comment.
    women are wonderful like that -- mine didn't indulge,
    stayed out of the sun and worked in the medical business
    for 28-plus years, so she's like that too! -- j
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  • Posted by $ jlc 7 years, 9 months ago
    You do not see cash being used on the Starship Enterprise. The movement to virtual transactions is inexorable, though it is best that it move with glacial slowness so that people can get use to it. What money does is track a unit of work in an nominal format and electronic transactions do a better job of that than coin or cash.

    The concern about being tracked via electronic transactions is completely valid - but it is a separate topic. (We need to be concerned about being physically tracked via our phones and likewise tracked via video cams as well. This is a topic about surveillance in general, not really about money.)

    Do you remember the over-the-top reaction to grocery stores introducing scanning of barcodes instead of people entering the items manually? This was an endoftheworld topic for a while; now it is a trivial fact of life. I think that electronic transactions are in the same category of reaction: This is not 'the way it used to be'.

    Change happens. And now it happens all the time, not every 10th generation.

    Jan
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