January 8, 20188 yr Has anyone come across a business that no longer accepts cash? I’m starting to hear of it. This biz says it speeds up the transactions. When The Cash Register Doesn't Take Cash : NPR
January 8, 20188 yr Considering the bank fees now to deposit cash into your account are outrageous, yes I can see it.
January 8, 20188 yr Cash is the slowest way to pay and has been for some time...plus average person hired off the street can count back change if their life depended on it. Removing cash also removes the temptation to steal said cash from the register.
January 8, 20188 yr Cash is the slowest way to pay and has been for some time...plus average person hired off the street can count back change if their life depended on it. Removing cash also removes the temptation to steal said cash from the register. Disagree it’s the slowest way to pay. I continually stand behind people using their card waiting on cashier to hit payment method, card approval then signature. Hand them my cash, get change and I’m out.
January 8, 20188 yr No chance cash is slower at department and retail stores. Most of those you have to answer multiple questions after swiping before your transaction begins I just can't see cash being slower.
January 8, 20188 yr Disagree it’s the slowest way to pay. I continually stand behind people using their card waiting on cashier to hit payment method, card approval then signature. Hand them my cash, get change and I’m out. Well I worked for a company that spent considerable resources tracking such things...and cash is the slowest. Now there will always be outliers and stupid people, but swiping a card is almost always faster than handing over a $20 and getting back $12.67 in change. We even could just take a blank check, scan it and return it to you faster than taking a bill and making change.
January 8, 20188 yr Has anyone come across a business that no longer accepts cash? I’m starting to hear of it. This biz says it speeds up the transactions. When The Cash Register Doesn't Take Cash : NPR BGP does not accept cash or checks. Paypal only.
January 8, 20188 yr No chance cash is slower at department and retail stores. Most of those you have to answer multiple questions after swiping before your transaction begins I just can't see cash being slower. What questions are you having to answer? Walmart had reports we could see that timed each transaction type and cash was always the slowest. Many factors some are customer driven some are cashier driven. Cards then Checks then Cash in that order every time.
January 8, 20188 yr Well I worked for a company that spent considerable resources tracking such things...and cash is the slowest. Now there will always be outliers and stupid people, but swiping a card is almost always faster than handing over a $20 and getting back $12.67 in change. We even could just take a blank check, scan it and return it to you faster than taking a bill and making change. Chip reader? Of which my credit card has is much slower than cash and as woodsrider said many places it isn’t the fastest way to pay.
January 8, 20188 yr What questions are you having to answer? Walmart had reports we could see that timed each transaction type and cash was always the slowest. Many factors some are customer driven some are cashier driven. Cards then Checks then Cash in that order every time. Cash back, email receipt, donate to homeless pets, ect... then if using debit you have to enter the pin. And i can't imagine any word that checks are faster than even counting pennies. My guess your reports were only taking into account the moment the check was inserted into the machine and not the time the person takes writing the total in their register, filling out the check, signing it, ect...
January 8, 20188 yr Cash back, email receipt, donate to homeless pets, ect... then if using debit you have to enter the pin. And i can't imagine any word that checks are faster than even counting pennies. My guess your reports were only taking into account the moment the check was inserted into the machine and not the time the person takes writing the total in their register, filling out the check, signing it, ect... Time was from the time subtotal was hit by the cashier until the transaction was final or the til closed. I know it is counter intuitive (Trust me I thought the same way) but what most of you are missing is that the average customer is very slow getting cash out and counting it and handing it over...not everyone is standing there like you guys with $5 in hand ready to hand it over. Checks are faster in stores that print the checks for you or ones where they just scan the check and give it back to you (like Walmart did). Chip cards came along after I left so they very well may have slowed the process down, but I'll guarantee that from subtotal to everything being completed, cash is still the slowest way to pay...just too many human variables involved.
January 8, 20188 yr I will say that at fast food places cards are definitely the fastest. They don't take PINS that's why they are so fast. Plus you don't have to worry about someone trying to cigure out how to count either :lol2:
January 8, 20188 yr With the new chip enabled cards, there is no way credit is quicker than cash. I guess it depends on where you go.
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