The card networks and issuing banks take in about 90% of processing fees that businesses pay to process cards...unless your processor is fucking you, that is.
If a business pays $200 in fees on $10k in card sales, a good processor would charge maybe $30-35 if that $200.
The insane rates they charge to process transactions (far in excess of covering the actual cost of the service itself) can most definitely be equated to theft. No less so than when people charge $10 for a bottle of water.
Bullshit. If you create the conditions such that your prey has no other choice but to agree to your shitty deal and claim that the transaction was voluntary, you are scum and you should be introduced to the holy wood-chipper. You will provide more value to society as fertilizer.
Theft by collusion. If there are finite companies providing the service and each of those companies have worked out a similar fee structure such that there are two choices, make your own system to compete or use what is available then you are being fleeced.
As a business owner, this is exactly right. It is so much easier to run it as a credit card and let the software automatically sort out my taxes and deposit it right into my account. Cash is a pain I'm the ass and literally needs an additional manpower to process.
But as many have mentioned, it just hands more control to the globalist corporations.
Bitcoin solves this problem. All the convenience of credit cards with far lower transaction fees (lightning network). Seems like Brazil will be the first big country to make it legal tender. When the rest of the world, trapped in hyperinflation, sees how Brazil is flourishing, this will increase demand for making it legal tender here. You might want to consider getting ahead of the competition by preparing for it. Just sayin.
The Cabal is purposely creating scams with shitcoins to rob people of their money. Also, CBDCs are horrifying. For these reasons, your hostility to all digital currency is understandable.
However, you should consider the possibility that you are being played.
Bitcoin will destroy the central banks.
The central banks, therefore, rightly fear bitcoin.
They have a vested interest in making you fearful of bitcoin.
But the people have nothing to fear from bitcoin.
Having said that, I believe the restoration of the colonial currency is a really good idea as well.
People should be free to choose what currency they want to use.
Make the colonial currency mandatory but allow for bitcoin to be used by those who want to use it.
It would have been interesting if you had said "Well I guess you did all that work for nothing then. Let me know when you'll take my cash for services rendered."
There is no federal law that says a business must take cash BTW
However, a State can pass such a law - gotta love the 10th amendment!!!
Presently New Jersey, Mass, Colorado, DC, and major cities of San Fran, Philly and New York have laws that don't allow a business to refuse cash payment under the auspices it "disenfranchises" minorities.
We are working on the language for a similar bill here in Florida - that businesses must accept cash payment.
There is no federal law that says a business must take cash BTW
For a debt, yes, they take cash or waive the debt.
There's no law that says they have to take cash for a purchase. They can decline to sell to you for cash. They cannot reject cash for an incurred debt.
The distinction, I believe, is in the timing. If they charge you before a sale/service, they can decline cash and sale. If they provide a good/service and then ask to be paid, I don't believe they are allowed to refuse physical currency. You go to some interesting places otherwise.
I had this happen once. I was in between health insurance companies by about a week, and my son broke his arm. The orthopedist office charged before he was seen and I said was paying by either cash or check. They denied the services ahead of time and would not see him. In that case, they were probably covered legally I would assume.
Drop the money on the counter. Take a video for evidence you paid. And walk out. THat's what I started doing in California during covid when they wouldn't check me out because I refused to wear a mask.
You feel like a fucking superhero and sometimes the guy in the line behind you takes their mask off and follows your example.
Refusing to mask up was certainly enough. Everyone without a mask was an example of courage to those that lacked it.
And the California story was 100% true, including the guy behind me who did the same. Unfortunately I didn't see it. But my wife, who was behind him in line, did.
I just used the self checkouts and the one time an employee said something they were fairly polite and kinda just gave up after i ignored them and kept going about my shit lol
I was ALWAYS extremely polite and had nothing but smiles for everyone that told me I need to wear a mask. I would smile. Nod. Thank them for their concern. Then go on doing whatever I was before they approached me.
People are always so confused when others don't obey with politeness.
I've got many covid stories. Not a single one worked out bad for me.
Not technically illegal. If you had already ordered the glasses without having paid for them and were using cash to pay for that debt, THEN it would be illegal to refuse it as payment.
I remember Quicktrip was doing something similar during the scamdemic. If you paid with cash they wouldn't give you change. They gave you a receipt with a gift card number and said, "There's your change, we don't have any coins." I still have one of these from 2 years ago.
That may not be illegal. I think utilities have to take cash and government agencies do. But I think local or state laws cover what businesses have to take. Like they can refuse to take large amounts of coins as payment. I'm pretty sure most businesses can refuse to take cash, but they take it so they don't lose business.
"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. Foreign gold or silver coins are not legal tender for debts."
A private company, which includes a private practice, is not required to accept cash. They should inform you of their accepted form of payment before rendering any service, i.e. credit card, btc, gold, etc.
California no longer has toll workers collecting cash on their bridges. You must set up an account and prepay it. They photograph your license plate as you drive through and deduct the charge. If you don't have an account and cross a bridge, they send you a bill. If you don't pay it within 15 days, they add a penalty. It escalates from there. The beauty of this program is they can say they sent a 1st bill for $2.50. Then you get a bill for $102.50. It doesn't even have to be on an operational vehicle. It can even generate from the other end of the state you haven't been to in years. Ask me how I know. You can also ask me which system I prefer.
My Dr did that to me last time. I wrote a check instead. They still havent cashed it.
That's interesting.
I get it. The accounting is easier and the office never has to worry about theft. It is also the slippery slope to a tyrannical future.
Except for the rake the payment processor takes from every single transaction, but I guess that theft is OK
I wonder what type of last names are involved in that?
It would be impossible to notice
FTFY
Much obliged, fren
The card networks and issuing banks take in about 90% of processing fees that businesses pay to process cards...unless your processor is fucking you, that is.
If a business pays $200 in fees on $10k in card sales, a good processor would charge maybe $30-35 if that $200.
It's not theft. I don't think you understand what theft is.
Don't talk down to me, simpleton. You know exactly what I meant.
Lol words have meaning, I'm not sorry that's hard for you. Be better.
Words don't have meaning, cocksucker, we ascribe meaning to words.
You want to be pedantic? Let's get pedantic then, shithead
The insane rates they charge to process transactions (far in excess of covering the actual cost of the service itself) can most definitely be equated to theft. No less so than when people charge $10 for a bottle of water.
Theft can't happen between willing participants in a transaction.
Bullshit. If you create the conditions such that your prey has no other choice but to agree to your shitty deal and claim that the transaction was voluntary, you are scum and you should be introduced to the holy wood-chipper. You will provide more value to society as fertilizer.
Theft by collusion. If there are finite companies providing the service and each of those companies have worked out a similar fee structure such that there are two choices, make your own system to compete or use what is available then you are being fleeced.
Think price fixing of tvs some odd years ago.
If booking cash payments is a difficult accounting operation, then I am a rocket scientist.
As a business owner, this is exactly right. It is so much easier to run it as a credit card and let the software automatically sort out my taxes and deposit it right into my account. Cash is a pain I'm the ass and literally needs an additional manpower to process.
But as many have mentioned, it just hands more control to the globalist corporations.
Bitcoin solves this problem. All the convenience of credit cards with far lower transaction fees (lightning network). Seems like Brazil will be the first big country to make it legal tender. When the rest of the world, trapped in hyperinflation, sees how Brazil is flourishing, this will increase demand for making it legal tender here. You might want to consider getting ahead of the competition by preparing for it. Just sayin.
https://decrypt.co/116011/brazil-crypto-payments
Fuck digital currency.
The Cabal is purposely creating scams with shitcoins to rob people of their money. Also, CBDCs are horrifying. For these reasons, your hostility to all digital currency is understandable.
However, you should consider the possibility that you are being played.
Bitcoin will destroy the central banks.
The central banks, therefore, rightly fear bitcoin.
They have a vested interest in making you fearful of bitcoin.
But the people have nothing to fear from bitcoin.
Having said that, I believe the restoration of the colonial currency is a really good idea as well.
People should be free to choose what currency they want to use.
Make the colonial currency mandatory but allow for bitcoin to be used by those who want to use it.
Bitcoin will earn your trust.
https://nakamotoinstitute.org/mempool/the-bullish-case-for-bitcoin/
I definitely think crypto is something we need to look into and utilize more
Id cancel it then. Fuck these medical tyrants.
How long ago?
Last year
Checks are only valid for 180 days, your bank shouldnt allow it to clear beyond that.
Had one clear 364 days after writing it.
Can you legally cancel it eventually?
It would have been interesting if you had said "Well I guess you did all that work for nothing then. Let me know when you'll take my cash for services rendered."
just leave the cash on the counter and walk out
There is no federal law that says a business must take cash BTW
However, a State can pass such a law - gotta love the 10th amendment!!!
Presently New Jersey, Mass, Colorado, DC, and major cities of San Fran, Philly and New York have laws that don't allow a business to refuse cash payment under the auspices it "disenfranchises" minorities.
We are working on the language for a similar bill here in Florida - that businesses must accept cash payment.
For a debt, yes, they take cash or waive the debt.
There's no law that says they have to take cash for a purchase. They can decline to sell to you for cash. They cannot reject cash for an incurred debt.
yes, they can refuse cash.
unless your state has a law that says otherwise
The distinction, I believe, is in the timing. If they charge you before a sale/service, they can decline cash and sale. If they provide a good/service and then ask to be paid, I don't believe they are allowed to refuse physical currency. You go to some interesting places otherwise.
I had this happen once. I was in between health insurance companies by about a week, and my son broke his arm. The orthopedist office charged before he was seen and I said was paying by either cash or check. They denied the services ahead of time and would not see him. In that case, they were probably covered legally I would assume.
no, its pretty well spelled out
"Thanks for fixing my teeth. Here's what I owe you, in cash."
"We don't take cash."
"I don't have a bank account or credit card."
Now what, debtor jails? Civil lawsuit? Ask them to come back with a money order or cashier's check?
They can refuse cash for purchase.
They can refuse cash for a debt IF they're waiving the debt.
What if you don't have a bank or a credit card, what then?
yes they can
no federal law says a business has to take cash
states can pass laws that will or won't affect this
No business has to take cash for PURCHASES.
EVERY business has to take cash for DEBTS. However, they can choose to waive the debt instead.
That's what is guaranteed by the line "This note is legal tender for all debts, public and private."
Thats not true. NO federal law exists to mandate a business accept cash for any sort of payment, purchase or debt.
What do you think a purchase is? Its a debt. Accounting much?
A purchase (like a store): You have ice cream. I want ice cream. I offer you cash for ice cream. You can accept or decline.
A debt (like a restaurant): I ate ice cream and owe you for it. You can accept cash, or waive the debt.
I like this analogy. It makes sense.
Drop the money on the counter. Take a video for evidence you paid. And walk out. THat's what I started doing in California during covid when they wouldn't check me out because I refused to wear a mask.
You feel like a fucking superhero and sometimes the guy in the line behind you takes their mask off and follows your example.
If you really did that, you're awesome. I tried to do my part by refusing to "mask up", but that's next-level...
Refusing to mask up was certainly enough. Everyone without a mask was an example of courage to those that lacked it.
And the California story was 100% true, including the guy behind me who did the same. Unfortunately I didn't see it. But my wife, who was behind him in line, did.
I just used the self checkouts and the one time an employee said something they were fairly polite and kinda just gave up after i ignored them and kept going about my shit lol
I was ALWAYS extremely polite and had nothing but smiles for everyone that told me I need to wear a mask. I would smile. Nod. Thank them for their concern. Then go on doing whatever I was before they approached me.
People are always so confused when others don't obey with politeness.
I've got many covid stories. Not a single one worked out bad for me.
The opposite is happening as of late. Small businesses, all the way up to doctors, are asking for cash to avoid the 3% swipe fee on cards.
Stop or slow the use of Credit Cards is also a GREAT IDEA.
Unless there is a specific state law, it is not illegal for private businesses to refuse cash.
BINGO
I know of a business that doesnt accept cash because their employees kept stealing it.
Not technically illegal. If you had already ordered the glasses without having paid for them and were using cash to pay for that debt, THEN it would be illegal to refuse it as payment.
Be tracked or be gone..
Welcome to pre CBDC
Cash is not a Crime!
Without the ability to purchase without permission, you are a slave.
It’s not illegal unless it’s a debt, they can refuse to sell you something for cash but they can’t refuse cash if you owe them money.
I only accept cash. I don't want the hassle of cards after my paypal debacle a few years ago.
I remember Quicktrip was doing something similar during the scamdemic. If you paid with cash they wouldn't give you change. They gave you a receipt with a gift card number and said, "There's your change, we don't have any coins." I still have one of these from 2 years ago.
When stores were pushing card transactions due to a 'coin shortage', I did my part by paying in change.
Same.
Your phone can record video.
Record everything these corrupt bastards do everywhere.
Make them squirm.
Shine the light of day on all of the cockroaches.
Drain the swamp!
That may not be illegal. I think utilities have to take cash and government agencies do. But I think local or state laws cover what businesses have to take. Like they can refuse to take large amounts of coins as payment. I'm pretty sure most businesses can refuse to take cash, but they take it so they don't lose business.
This is NOT illegal.
31 USC 5103:
"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. Foreign gold or silver coins are not legal tender for debts."
https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section5103&num=0&edition=prelim#:~:text=%C2%A75103.,not%20legal%20tender%20for%20debts.
This has ALWAYS been interpreted as: Cash money CAN be used to settle debts.
But by no means MUST someone accept cash to settle their debt.
Your link does not provide the interpretation you added.
Do you have cites of specific court cases (state and/or Federal) which back that up?
Not a gotcha question, I want complete information.
I stand corrected.
Nope, you don't. He cites a law and gives his opinion on it
I bet foreign gold or silver coins will be accepted as legal tender once they get rid of cash here.
Pretty sure unless the state has legislated otherwise, only the government can't refuse cash.
A private company, which includes a private practice, is not required to accept cash. They should inform you of their accepted form of payment before rendering any service, i.e. credit card, btc, gold, etc.
Not illegal unfortunately. How did you think Kamala got to where she is now?
I would have left. I would have told them i don’t have anything but cash. They can sue me or take my money i guess
But i use a HSA so i get to spend untaxed money for medical things. So i swipe
I only write checks out of HSA.
The shitbox bank that runs mine would probably charge me an arm and leg for a box of checks
Aren't they all shitbox banks?
Sadly that's not true.
Absolutely. Sue the shit out of them. You have good standing there.
My son’s high school no longer takes cash to attend a football game. What kind of nonsense is that? Now you have to buy tickets online ahead of time.
California no longer has toll workers collecting cash on their bridges. You must set up an account and prepay it. They photograph your license plate as you drive through and deduct the charge. If you don't have an account and cross a bridge, they send you a bill. If you don't pay it within 15 days, they add a penalty. It escalates from there. The beauty of this program is they can say they sent a 1st bill for $2.50. Then you get a bill for $102.50. It doesn't even have to be on an operational vehicle. It can even generate from the other end of the state you haven't been to in years. Ask me how I know. You can also ask me which system I prefer.
They'll use it as an excuse to push the central bank digital currency bullshit.
The next big thing is probably going to be the economy failing.
I have an eye problem. I can’t see myself using plastic instead of cash.
I do the same thing. I tell them if they refuse cash then I can walk away without paying.
Just load up a prepaid card and keep it with you