First checks went by the wayside and next on the chopping block? Cash. That seems like a crazy concept to me. Cash is cash: a universally accepted form of payment. Except it’s not. A few stores around the country are no longer taking cash, and the reason might surprise you.
Speed of service.
It actually costs a store more to take only plastic, but like Bluestone Lane in Philadelphia, it moves the line quicker. The faster the customer can get in and out mean the better the customer service is in the minds of the time-conscious consumer. They say it’s a difference of 20 seconds. It takes about 1 minute to pay with cash and 40 seconds to pay with a card. Seems like no big difference to me but to a fast food-type restaurant that needs to move customers through a line quickly, I could see how it might add up. So they take no cash and no checks, only credit and debit cards. If you don’t have plastic you’re out of luck. They don’t even have a register! And it’s looking like many businesses are following suit, believing cash might be a thing of the past and cash-free restaurants are the future.
What do you think? Does it seem as odd to you as it does to me that dollar bills might be something that fade away? No more “find a penny, pick it up” because there might not be any pennies!!
How often do you use cash? Are you a card-only family? Do you use the cash envelope system so you’d hate a non-cash restaurant? Do you prefer cash or debit/credit?