A cashless Walmart?!?!

LVSteve

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Went to Walmart to solve my wiper issue today. All over the doors were signs saying "Cards, no cash". Not exactly Walmart's usual business model, especially in a city that runs on tips. So the possibilities are:

1) They want to close that branch, and this will cut volume.

2) Their cash float safe threw a fit and would not open this morning.

3) The only people allowed to handle cash are all out sick.
 
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Went to Walmart to solve my wiper issue today. All over the doors were signs saying "Cards, no cash". Not exactly Walmart's usual business model, especially in a city that runs on tips. So the possibilities are:

1) They want to close that branch, and this will cut volume.

2) Their cash float safe threw a fit and would not open this morning.

3) The only people able to count change are all out sick.

Fixed it for ya.:D
 
I think society is going cashless. I almost never use any cash in my wallet except for parking at football games or events and I pretty much like it that way. I see my credit card or checking account balance on my phone pretty often and can stay informed on where the money goes and I feel it's protected better than cash in my wallet.
 
We had an ice storm here that took out power lines. For 3 days there wasn't a place able to take cards for 30 miles in places. If you didn't have cash, you'd better have some gas. Whether it be cash, gold and silver, jewels, food or water, medicine, ammo, blankets or booze, there is always going to be an economy that runs on physical things being traded. And if the government, or the internet, or the power grid, or just society in general, goes down, that's how things will work.
 
A lot of the fast food places in my part of town aren't taking cash anymore because they were getting robbed on a, seemingly, regular basis.

As far as a cashless society, I don't know. Cash, is for the most part, is untraceable. I'm just thinking out loud, but, how is/are the ruling class and other "elites" going pay for their drugs, illegal activities and get/give bribes? Write a check? Paypal?
 
I think society is going cashless. I almost never use any cash in my wallet except for parking at football games or events and I pretty much like it that way. I see my credit card or checking account balance on my phone pretty often and can stay informed on where the money goes and I feel it's protected better than cash in my wallet.


Yep . . . really convenient . . . until it isn't. A cyber attack of the magnitude our Chinese and Russian "friends" are no doubt doing their best to develop and hand out to their radical minions in Iran and their proxies in the middle east will throw us immediately back into the Dark Ages if the powers that be eventually dispense with cash. People that think that's paranoid, alarmist and unrealistic are due for a wake up call . . . US banks are constantly fighting off attacks and businesses that now are totally computer dependent (make that about ALL now) are constantly plagued by ransom ware attacks. In the last year we have witnessed local banks and hospitals all but shut down by such. And our own government is doing the same to learn to combat it and develop it as a weapon. Going cashless is not the answer, but I fear it's in the cards . . . . survival by barter system . . . .
 
Went to the local Tiki bar one afternoon, and they had a sign posted cash only. Seems their computer went down and was resisting repair by the IT guys. Poor bartender had to break out a receipt book and write all the tabs by hand. He sure earned his tips that day.
 
Yep . . . really convenient . . . until it isn't. A cyber attack of the magnitude our Chinese and Russian "friends" are no doubt doing their best to develop and hand out to their radical minions in Iran and their proxies in the middle east will throw us immediately back into the Dark Ages if the powers that be eventually dispense with cash. People that think that's paranoid, alarmist and unrealistic are due for a wake up call . . . US banks are constantly fighting off attacks and businesses that now are totally computer dependent (make that about ALL now) are constantly plagued by ransom ware attacks. In the last year we have witnessed local banks and hospitals all but shut down by such. And our own government is doing the same to learn to combat it and develop it as a weapon. Going cashless is not the answer, but I fear it's in the cards . . . . survival by barter system . . . .

On top of the cyber attacks, there is massive counterfeiting of cash and precious metals. Fake gold bars are being imported from China, supposedly they are gold plated tungsten.
 
Stupid question: all the bills I have say “this note is legal tender for all debts, public and private”. Can they refuse to take cash?

They can and have. There have been a number of people trying to pay fines in pennies. Parking tickets and such. Some have been arrested for 'disorderly conduct."
 
If there is no sale, there is no debt created.
Without cash, the freeway intersection panhandlers would have to carry imprinters.
Your friendly neighborhood contractor could not have a "cash price". Tax collections would, therefore, be up. Hum, could that be a motive?

73,
Rick
 
Several years ago, my auto mechanic told me that labor was 3x face value if paid in food stamps and parts were cash only (but sometimes 5x face!)

Illicit trade and counterfeiting if food stamps are so rampant in Central Ohio, that the "local office" of The Department of Agriculture" has its own SWAT Team! The worst shoot outs are at Asian Markets, according to the Agriculture guy that belongs to our gun club. (We let their SWAT team do practice "Raids" at the club for free. They leave us their empty brass and usually about 500 rounds of 9mm Ball Ammo!)

A 500 round brick of 22's or a Walmart 525 round milk carton were considered the "Gold Standard" of barter in my neck of the woods! And were good everywhere except the big box stores.

Ivan
 
Stupid question: all the bills I have say “this note is legal tender for all debts, public and private”. Can they refuse to take cash?

Yes, they can. While it is legal tender capable of being used for such transactions, nowhere is it said that it is required tender for a transaction. Same same as, it is legal for me to pay a debt with gold, but not required.

From the board of the Federal Reserve

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.
 
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There are 2 walmarts with 25-30 miles. One went almost entirely to self check out. This meant no cash or checks. One kept several staffed check out lines open. Personally go to the one that kept the staffed lines open.

It took Walmart a while to figure out how easy it was to steal from a self checkout line, unless they posted an employee at each line who knew what they were doing. The last i read, Walmart and several others were going to reopen some staffed check out lines again.

Am keeping the option of credit card use open, as you can't order over the internet without one. Without the credit card, would not be able to support my hobbies. My card has been hacked 3 times over the past 10 yrs. Am still refusing to go to automatic payments, or do banking over the internet. Imo, there will always be the use for cash. When i sell any used items, it be cash only.

When you think about it, you don't get much change back from
$50 and $100 dollar bills lately. If a place don't accept cash, i don't buy.
 

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