Bluestone, which now has 20 stores in the U.S., went cashless last October.
A big reason: Nearly 90 percent of customers [...] never paid in cash.
Another reason: The lines move faster when employees don't have to make change.
"We see a lot of guests that pay for a meal with a credit card, but will always leave a cash tip. And I think people like doing that. People like palming a bartender a $20 or palming their server a $10. Palming the bus boy a couple bucks," said Fileccia.
There are also people, he said, who want to keep their meal off the books — if they're having an affair, for example.
No, businesses are not required to accept cash: https://en.wikipedia.org/wiki/Legal_tender
(Score: 4, Informative) by Nuke on Tuesday January 09 2018, @04:18PM
Ledow wrote :-
You missed Unixnut's point. He is talking about the interest the bank earns by using your money, not the interest you earn by lending it to the bank. Banks can get much more interest - by lending it in turn to pay-day loan companies, for example.
Ledow wrote :-
My wife does the bookkeeping for a small specialist supplier, and they do not take cards; they looked into it and found the expense of installation is horrific, and the ongoing expenses and the cut the bankers take are horrific too. In the UK many shops refuse to take cards for purchases below 10 GBP because the banker's cut makes it not worthwhile. I was in a bookshop recently when the shopkeeper launched into a long and emphatic diatribe about the downside of cards for her business when a customer offered to pay with one; I paid cash. The only reason most shops offer card transactions is that their rivals do and they'd go iout of business if they did not. My wife's company can refuse cards because they are specialists and customers would need to go a long way to find an alternative.
Ledow certainly seems to lead a charmed or sheltered life, never having had a problem with cards, DDs etc.