Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. 300,000 items to help build your collection! Join Thousands of Coin, Bullion, & Money Collectors Royal Estate Auctions - $1 Coin AuctionsVancouvers #1 Coin and Paper Money Dealer Coin, Banknote and Medal Collectors's Online Mall Specializing in Modern Numismatics








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Cash Might Be King, But They Don't Care

To participate in the forum you must log in or register.
First Page Previous Page  Showing last 15 replies.
Author Previous TopicReplies: 34 / Views: 4,792Next Topic Page 3 of 3
Pillar of the Community
5464 Posts
 Posted 12/27/2017  5:10 pm  Show Profile   Bookmark this reply Add USSID18 to your friends list

Quote:
But Most places these days have battery backup to protect their systems. We have a UPS on every PC and a generator for the building. We never lose power.


Just curious, what's your plan B when the battery die and there's no fuel for the generators?
Bedrock of the Community
Australia
21788 Posts
 Posted 12/27/2017  5:45 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list
It has to be logically conceded that a well administered credit card system is almost an essential tool in a well run business.
It depends on which trusted employee is allowed to use them, and under what conditions.
Moderator
Learn More...
United States
189767 Posts
 Posted 12/27/2017  5:54 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Just curious, what's your plan B when the battery die and there's no fuel for the generators?
To what I said earlier, if it gets to that I doubt our customers are worrying about our doors being closed.
Pillar of the Community
United States
3843 Posts
 Posted 12/27/2017  6:42 pm  Show Profile   Bookmark this reply Add Joe2007 to your friends list
If a business doesn't accept cash I will politely decline to do business with them. It is as simple as that. Our currency system should not be totally at the mercy of hackers or overzealous despots, if our money becomes electronic it becomes much easier to manipulate. In this age of mass identity theft you would think people would be less complacent about this issue.
Edited by Joe2007
12/27/2017 6:45 pm
Pillar of the Community
United States
1314 Posts
 Posted 12/28/2017  02:34 am  Show Profile   Bookmark this reply Add Chute72 to your friends list

Quote:
But Most places these days have battery backup to protect their systems. We have a UPS on every PC and a generator for the building. We never lose power. #65532;


The Atlanta airport could have used this information, but maybe they aren't as important as your lunch.

But seriously folks, as a gesture of public service, I will accept all of that nasty cash that will soon be unusable.
Moderator
Learn More...
United States
189767 Posts
 Posted 12/28/2017  09:52 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Our currency system should not be totally at the mercy of hackers or overzealous despots, if our money becomes electronic it becomes much easier to manipulate.
But it already is. Barely ten percent of the US Money supply is represented by cash and coin. The rest is represented by all of the various deposits in our financial and banking system. And just how do you think they account for those deposits?
Pillar of the Community
United States
4870 Posts
 Posted 12/28/2017  11:54 am  Show Profile   Bookmark this reply Add TheForce to your friends list
As a cashier, I find it interesting people pay with plastic for such small purchases like a pack of gum or a bottle of pop. The statements must get awful long!
Moderator
Learn More...
United States
189767 Posts
 Posted 12/28/2017  12:00 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
As a cashier, I find it interesting people pay with plastic for such small purchases like a pack of gum or a bottle of pop. The statements must get awful long!
Sure, but who really cares how long it gets? Most people are now paperless, just download it in your format of choice.

I do love reviewing my end of the year statement. The CSV file I download can be sorted on any field, of course; I can see how much I spent for certain things (food, gas, bills, etc) and where.
CCF Advertiser
United States
1533 Posts
 Posted 12/29/2017  09:26 am  Show Profile   Bookmark this reply Add Andrew99 to your friends list
I've seen this in Food Courts as well. There are lots of places that do not handle cash and they usually have signs. I paid with cash at a Krogers the other day and the cashier took it, counted it, and washed his hands with hand sanitizer. Nobody pays with cash in grocery stores anymore.
Pillar of the Community
5464 Posts
 Posted 12/29/2017  10:07 am  Show Profile   Bookmark this reply Add USSID18 to your friends list

Quote:
I never owned a credit card.



Quote:
I actually had to go to my mother (me being in my 50's) to get a rental!


I'm very curious about these replies.
Pillar of the Community
United States
4883 Posts
 Posted 12/29/2017  11:18 am  Show Profile   Bookmark this reply Add Lucky Cuss to your friends list
Some recent surveys suggest even millennials yet choose cash more often than is generally supposed.

See: http://www.chron.com/business/artic...-6758946.php

And also: https://www.gobankingrates.com/net-...r-paid-cash/
Colligo ergo sum
Moderator
Learn More...
United States
189767 Posts
 Posted 12/29/2017  11:59 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Some recent surveys suggest even millennials yet choose cash more often than is generally supposed.
Interesting articles.

That second link, the survey seems to only ask one question "Of the following, which is your preferred way of paying and getting paid back by friends and family?" Says nothing about buying from vendors, shops, restaurants, etc.

I wonder how those numbers compare to older generations.


I did not mention it explicitly in this topic, but have said here and there in that the children of millennials will probably be the first to go totally cashless (whether by choice or force is yet to be seen).
Pillar of the Community
United States
1326 Posts
 Posted 12/29/2017  12:15 pm  Show Profile   Bookmark this reply Add otto to your friends list
I've read related topics on this site. I remember a discussion of how much easier it would be for interest rates to go negative in a cashless society.
Pillar of the Community
7234 Posts
 Posted 12/29/2017  1:44 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list

Quote:
what's your plan B when the battery die and there's no fuel for the generators?


Taken from the Brown's playbook - PUNT!
Moderator
Learn More...
United States
189767 Posts
Page 3 of 3   Previous TopicReplies: 34 / Views: 4,792Next Topic Page 3 of 3
First Page Previous Page  Showing last 15 replies.
To participate in the forum you must log in or register.


    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.41 seconds to rattle this change. Forums