Re:What happens after a bank closes all of your credit cards?
by neuralRiot on Saturday April 10, 2021 @03:53PM
(#26764514)
Brick and mortar business are hanging on a thread and they choose to eliminate one of the reasons people go to them? Doesn’t sound very smart to me.
Re:What happens after a bank closes all of your credit cards?
by lotsofpulp on Saturday April 10, 2021 @04:02PM
(#26764603)
Perhaps the business operators are sufficiently intelligent to do a cost benefit analysis of accepting cash? Perhaps they’re not, and they will go out of business.
I can easily imagine there are some businesses in some areas where the clientele almost always uses electronic forms of payment, where it doesn’t make business sense to deal with the minority using cash.
Re:What happens after a bank closes all of your credit cards?
by ghaff on Saturday April 10, 2021 @04:02PM
(#26764608)
Depends on the type of business. I'm sure there are lots of businesses where the vast majority of their customers pay with cards.
Re:What happens after a bank closes all of your credit cards?
by intricatedetail on Saturday April 10, 2021 @04:48PM
(#26765004)
As if the crime has been generated on purpose so that banks and Orwellian agendas get their way.
It should be illegal to not accept into your possession a physical object that people will use violence to get from you? Do you know the fear a shift manager has when having to manage an onsite safe? You've seen the armored trucks rolling around transporting the stuff right?
Businesses don't want to accept cash because its a liability and the burden of a card's surcharge just isn't enough of a pain anymore.