Backlash Against Cashless Stores

· · Link

There is no federal law that requires stores to accept cash, which was something that surprised me. So some stores are going cashless, but some argue this discriminates against poor people who don’t have a bank account and/or a fancy smartphone.

Advocates for cashless bans worry technology is moving too fast for the 6.5% of American households — 8.4 million — that do not have a bank account, according to figures from the Federal Deposit Insurance Corporation.

Cashless is hard enough, but imagine if you walked into a store only to find out that it only accepts Google Pay. That might bring the reality a bit closer to home.

 

Going Cashless is in Our Near Future

· · Link

Jefferson Graham writes how going cashless is the future, with contactless payment apps like Apple Pay ushering this reality in.

“It seems that people are moving away from cash and technology is making it easier than ever to tap and go.” Advantage: faster checkout lines, and the elimination of fees for armored car cash pickups and fear from employees about getting robbed.

For the most part I’m already mostly cashless. The only thing I need cash for is laundry. For everything else I use a debit or credit card.