Even Paying With Cash Can Now Cost Extra

[We Never Know]

They get their fees one way or another. The fee... $3.50 to $6.00. According to the WSJ(didn't link it because its behind a paywall so I used an alternative link.

That's why I always carry cash and plastic.

Even Paying With Cash Can Now Cost Extra

More consumers who want to pay in cash are being forced to use a "reverse ATM" — and they are being charged for the service.

The next time you try to pay for something with cash, don’t be surprised if it costs you a little extra.

In some places, folks who want to pay with physical dollars and cents now must fork over a small fee for the privilege.

The Wall Street Journal reports that businesses that no longer accept cash may direct you to a “reverse ATM.” These cash-shy companies require you to feed dollar bills into the reverse ATM, which then issues a plastic debit card that can be used at that or other retailers.

Typically, you can expect to pay a fee for the service. The Journal reported the story of Noa Khamallah, who was directed to a reverse ATM when he tried to pay cash for popcorn and a soda at Yankee Stadium in New York City."

Even Paying With Cash Can Now Cost Extra

More consumers who want to pay in cash are being forced to use a “reverse ATM” — and they are being charged for the service.

www.moneytalksnews.com

 

[muhammad_isa]

Even Paying With Cash Can Now Cost Extra

I've noticed many online businesses give a discount if you pay with a credit card..
..but not for cash.

 

[Twilight Hue]

They get their fees one way or another. The fee... $3.50 to $6.00. According to the WSJ(didn't link it because its behind a paywall so I used an alternative link.

That's why I always carry cash and plastic.

Even Paying With Cash Can Now Cost Extra

More consumers who want to pay in cash are being forced to use a "reverse ATM" — and they are being charged for the service.

The next time you try to pay for something with cash, don’t be surprised if it costs you a little extra.

In some places, folks who want to pay with physical dollars and cents now must fork over a small fee for the privilege.

The Wall Street Journal reports that businesses that no longer accept cash may direct you to a “reverse ATM.” These cash-shy companies require you to feed dollar bills into the reverse ATM, which then issues a plastic debit card that can be used at that or other retailers.

Typically, you can expect to pay a fee for the service. The Journal reported the story of Noa Khamallah, who was directed to a reverse ATM when he tried to pay cash for popcorn and a soda at Yankee Stadium in New York City."

Even Paying With Cash Can Now Cost Extra

More consumers who want to pay in cash are being forced to use a “reverse ATM” — and they are being charged for the service.

www.moneytalksnews.com

It's amazing on how these people can legally get away with it. Don't ever live in a Democrat run People's Republic. You will seriously regret it.

 

[Kathryn]

I mean, I can see paying in pennies or nickels but honestly, cash in general? No way.

 

[John53]

KFC has gone card only in Australia (at least where I live), doesn't really affect me because I don't eat KFC but I'm not sure how they can refuse to take legal tender.

 

[Shadow Wolf]

I haven't seen it anywhere.

 

[McBell]

I've noticed many online businesses give a discount if you pay with a credit card..
..but not for cash.

How do you pay online with cash?

 

[McBell]

They get their fees one way or another. The fee... $3.50 to $6.00. According to the WSJ(didn't link it because its behind a paywall so I used an alternative link.

That's why I always carry cash and plastic.

Even Paying With Cash Can Now Cost Extra

More consumers who want to pay in cash are being forced to use a "reverse ATM" — and they are being charged for the service.

The next time you try to pay for something with cash, don’t be surprised if it costs you a little extra.

In some places, folks who want to pay with physical dollars and cents now must fork over a small fee for the privilege.

The Wall Street Journal reports that businesses that no longer accept cash may direct you to a “reverse ATM.” These cash-shy companies require you to feed dollar bills into the reverse ATM, which then issues a plastic debit card that can be used at that or other retailers.

Typically, you can expect to pay a fee for the service. The Journal reported the story of Noa Khamallah, who was directed to a reverse ATM when he tried to pay cash for popcorn and a soda at Yankee Stadium in New York City."

Even Paying With Cash Can Now Cost Extra

More consumers who want to pay in cash are being forced to use a “reverse ATM” — and they are being charged for the service.

www.moneytalksnews.com

I only go into places that are "card only" for two reasons:

• I did not know before hand they were "card only"
• I have no choice but to use their service, I.E. BMV

 

[We Never Know]

How do you pay online with cash?

I thought the same thing, then decided not to ask lol

 

[McBell]

I haven't seen it anywhere.

I am seeing no cash accepted more and more here in Michiana.
(I live a stones throw from the state line)

It is government locations that do not accept cash at all.
I have not seen a charge for paying in cash,,, yet.

 

[McBell]

I thought the same thing, then decided not to ask lol

I am not saying it can not be done.
I just do not know how, and am curious.

 

[Laniakea]

I am seeing no cash accepted more and more here in Michiana.
(I live a stones throw from the state line)

It is government locations that do not accept cash at all.
I have not seen a charge for paying in cash,,, yet.

Government not accepting the very thing they print?

 

[Twilight Hue]

It's kind of ironic being that there is a gas station where i live aside from the reservation, where you can buy gas cheaper if you use cash instead of a credit card.


Still in spite of that boon, I am quite convinced we are going to eventually be headed for a completely cashless society where at some point all transactions are traced, and can be followed electronically.

 

[McBell]

Government not accepting the very thing they print?

Technically, it is the State Government not accepting the currency printed by the Federal Government, but yes.

 

[Shadow Wolf]

It's kind of ironic being that there is a gas station where i live aside from the reservation, where you can buy gas cheaper if you use cash instead of a credit card.

From what I understand that's to help offset the fees from accepting plastic. It's why Arco charges 35 cents for debit, even though you get the gas at cash price. But that's partly how they offer top tier gas for cheaper. Used to be none of them even accepted credit cards for that reason, and just a few years ago some of the hold outs began accepting them.

 

[McBell]

It's kind of ironic being that there is a gas station where i live aside from the reservation, where you can buy gas cheaper if you use cash instead of a credit card.

I have seen gas prices as much as 40 cents A GALLON cheaper when paying cash.

Still in spite of that boon, I am quite convinced we are going to eventually be headed for a completely cashless society where at some point all transactions are traced, and can be followed electronically.

Any payment made with a card is traceable.
Always have been.

My brother-in-law is convinced it is a conspiracy by the government to get everything cashless to make it easier to track people.

 

[Viker]

It's kind of ironic being that there is a gas station where i live aside from the reservation, where you can buy gas cheaper if you use cash instead of a credit card.


Still in spite of that boon, I am quite convinced we are going to eventually be headed for a completely cashless society where at some point all transactions are traced, and can be followed electronically.

That's what we get for relying on progressing technology. It's every bit of your own doing as mine, theirs and so on. "A price to pay".

We'll adapt, as always.

 

[Twilight Hue]

I have seen gas prices as much as 40 cents A GALLON cheaper when paying cash.


Any payment made with a card is traceable.
Always have been.

My brother-in-law is convinced it is a conspiracy by the government to get everything cashless to make it easier to track people.

I'd likely agree with your brother in law. :0)

It's also interesting to see how a cashless society would affect criminals, as most illegal transactions are made in cash or even legal transactions for that matter such as selling something through the newspaper or trade sheet.

 

[McBell]

I'd likely agree with your brother in law. :0)

It's also interesting to see how a cashless society would affect criminals, as most illegal transactions are made in cash or even legal transactions for that matter such as selling something through the newspaper or trade sheet.

What is a physical bitcoin, and what is its worth?​

The back of the coin is where its value lies; it contains the private key for the actual bitcoins. Holders can use this key to redeem the BTC online. Also, each coin has its individual private key. Therefore, even if someone steals or tampers with it, they will only be able to access the BTC in that specific coin. On the other hand, if this were a digital wallet, the entity would have access to all the cryptocurrency stored within it.​

 

[Twilight Hue]

What is a physical bitcoin, and what is its worth?​

The back of the coin is where its value lies; it contains the private key for the actual bitcoins. Holders can use this key to redeem the BTC online. Also, each coin has its individual private key. Therefore, even if someone steals or tampers with it, they will only be able to access the BTC in that specific coin. On the other hand, if this were a digital wallet, the entity would have access to all the cryptocurrency stored within it.​

The very fact that cryptocurrency even became a thing makes me wonder.