Have you gone cashless? If not, what do you with your change?

If it's under $50 US, I pay cash. Collect change in a glass duck ash tray my dad used in the 50s. When its full, roll the coin and deposit them to account.

Finding that when I use my credit card once getting home and on the net I am deluged with ads for the items I just bought. I don't like being surveilled like that. Ergo, at least I can defer some of it by paying cash for small purchases.

Cashless to me is a bad idea. But it's coming along with crypto. Brace yourselves.
 

I have gone cashless for the most part but still carry paper money in my wallet and coins in my pocket for times when they are needed. Sometimes I carry the same paper money and coins on me for such a long time that they become crumpled, dirty and tarnished. Then I wash the paper money with soap and water and polish the coins and let them dry before I put them back in my wallet and pocket. Extra coins that I receive I put into two beer steins one for pennies and one for silver coins. The steins have not overflowed for many, many years now.
 
hollydolly said:
can't you put all the latter onto your phone ? :)
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I could but I don't want to because:
~I use more than one card (due to the cash backs each offers for various categories each quarter) and do not like the idea of using digital wallets. I don't even like that tap to pay feature. It's just easier to pull out the card and insert it into the chip reader.
~I carry one debit card (barely use it though) and it's one that should I need it, I never have to pay an ATM fee no matter where in the world I am. A digital copy of that would not work. Since I have to carry that anyway, a couple more cards don't matter.

~Doctor's offices, especially new ones, sometimes ask for your insurance ID to make a copy. Or I may have to refer to the card when filling out the dreaded registration paperwork. My PCP's office does it annually to update their files and I've had two new doctors in the last year. I have been in a situation where I was looking for a photo of something and couldn't find it; I have so many photos in my photo app and search doesn't always pull up what I'm looking for. So it wound up being a PITA and waste of time. Of course the more in a hurry you are, the less likely you'll find what you need.

~Finally, if I should happen to lose my phone, I wouldn't want to have to worry about someone being able to hack into it and get my address, medical and financial information.
 

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sch404 said:
Under U.S. Federal law a store or vendor cannot refuse cash payment. All U.S. paper currency is clearly marked with the words 'THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE.' If they don't take your cash you can then sue them in federal court. That said, I don't use cash for anything whatsoever anymore. Cash is an archaic relic from bygone days which serves no useful purpose in today's world other than to support armed robbers and drug dealers.
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I've come across a number of stores that refuse cash payments, mostly for security reasons. Not grocery stores, but some others. None of my wholesale business vendors accept cash, nor can I even imagine how they might do so. It would be highly impractical for me to, what, walk up to the warehouse gate and count out $18,000 or more to a clerk when I picked up an order?

According to the Federal Reserve website, it's perfectly legal to not accept cash in payment unless state laws say otherwise.

Is it legal for a business in the United States to refuse cash as a form of payment?​

There is no federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law that says otherwise.

Section 31 U.S.C. 5103, entitled "Legal tender," states: "United States coins and currency [including Federal Reserve notes and circulating notes of Federal Reserve Banks and national banks] are legal tender for all debts, public charges, taxes, and dues." This statute means that all U.S. money as identified above is a valid and legal offer of payment for debts when tendered to a creditor."

https://www.federalreserve.gov/faqs...rOM92jkoAsqk0VWsOL_v9LbLmizwxXnJtlunTf4AyZja0
 
StarSong said:
I've come across a number of stores that refuse cash payments, mostly for security reasons. Not grocery stores, but some others. None of my wholesale business vendors accept cash, nor can I even imagine how they might do so. It would be highly impractical for me to, what, walk up to the warehouse gate and count out $18,000 or more to a clerk when I picked up an order?

According to the Federal Reserve website, it's perfectly legal to not accept cash in payment unless state laws say otherwise.

Is it legal for a business in the United States to refuse cash as a form of payment?​

There is no federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law that says otherwise.

Section 31 U.S.C. 5103, entitled "Legal tender," states: "United States coins and currency [including Federal Reserve notes and circulating notes of Federal Reserve Banks and national banks] are legal tender for all debts, public charges, taxes, and dues." This statute means that all U.S. money as identified above is a valid and legal offer of payment for debts when tendered to a creditor."

https://www.federalreserve.gov/faqs...rOM92jkoAsqk0VWsOL_v9LbLmizwxXnJtlunTf4AyZja0
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That is very interesting indeed! I had assumed that when a person accepts merchandise from, say, a store, they legally become a debtor to that store. The customer then offers to settle that debt with cash and the store refuses. I'm suing them in Federal Court! I think this boilerplate from the Federal Reserve is an incorrect interpretation of the Federal statute. It seems to me a debtor/creditor relationship is established whenever one buys anything.
 
sch404 said:
That is very interesting indeed! I had assumed that when a person accepts merchandise from, say, a store, they legally become a debtor to that store. The customer then offers to settle that debt with cash and the store refuses. I'm suing them in Federal Court! I think this boilerplate from the Federal Reserve is an incorrect interpretation of the Federal statute. It seems to me a debtor/creditor relationship is established whenever one buys anything.
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Seems to me one isn't indebted to the store until possession of the merchandise has changed hands. Until the store accepts payment, the merchandise still belongs to the store. The buyer doesn't "accept" merchandise, but rather purchases it. The store must agree to the purchase terms and form before it becomes property of the buyer.

Even stores regularly accepting cash would be extremely unlikely to take $200 in loose pennies as payment, despite pennies being legal tender.
 
Most states follow all or most of the Uniform Commercial Code. There is nothing legally complicated about a purchase in action and a purchase completed.
 
StarSong said:
Seems to me one isn't indebted to the store until possession of the merchandise has changed hands. Until the store accepts payment, the merchandise still belongs to the store. The buyer doesn't "accept" merchandise, but rather purchases it. The store must agree to the purchase terms and form before it becomes property of the buyer.

Even stores regularly accepting cash would be extremely unlikely to take $200 in loose pennies as payment, despite pennies being legal tender.
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Great argument StarSong! I concede! It is totally sensible why some transactions would not be convenient or practical using cash and aptly explains the Federal Reserve's position. Learn something new each day! Its all good anyway because I haven't used cash in many years. The other day I picked up a prescription at my local pharmacy. The co-pay amount was $0.07. I paid with my VISA credit card. The swipe fees alone are many times the purchase amount, but the pharmacy tech happily ran my VISA card as :)payment for the seven cents!
 
OneEyedDiva said:
I could but I don't want to because:
~I use more than one card (due to the cash backs each offers for various categories each quarter) and do not like the idea of using digital wallets. I don't even like that tap to pay feature. It's just easier to pull out the card and insert it into the chip reader.
~I carry one debit card (barely use it though) and it's one that should I need it, I never have to pay an ATM fee no matter where in the world I am. A digital copy of that would not work. Since I have to carry that anyway, a couple more cards don't matter.

~Doctor's offices, especially new ones, sometimes ask for your insurance ID to make a copy. Or I may have to refer to the card when filling out the dreaded registration paperwork. My PCP's office does it annually to update their files and I've had two new doctors in the last year. I have been in a situation where I was looking for a photo of something and couldn't find it; I have so many photos in my photo app and search doesn't always pull up what I'm looking for. So it wound up being a PITA and waste of time. Of course the more in a hurry you are, the less likely you'll find what you need.

~Finally, if I should happen to lose my phone, I wouldn't want to have to worry about someone being able to hack into it and get my address, medical and financial information.
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Exactly..all the reasons I don't carry any of those things on MY phone either..... (y)
 
OneEyedDiva said:
See...great minds think alike. šŸ˜† But I read an article yesterday that recommended travelers do carry photos of their passport cards & other ID in case they are stolen. The photos would be accepted under certain circumstances.
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yes my husband and daughter both do.. when I protest they say that as long as you keep your phone locked they're perfectly safe against fraudsters...nope I'm not convinced...
 
Yes and I like it. Itā€™s convenient and much harder for others to steal money. Change goes into a huge jar, which when full, gets cashed in.
 

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