DC ban on cashless business

[Anonymous]

Anonymous wrote:There are a ton of prepaid cards out there, including some with zero fees that can be loaded with cash for free at walmart and other locations. Lots of people choose to use cash not because they don't have a card (many of them do have cards), but because they don't want anyone to be able to track their under-the-table or illegal income.

Yeah, that $15k they pull in yearly sure gets them in trouble. I know people who haven't worked in 3 decades. Nobody cares how they survive. They are the ones who look for couple of dollars here and there and walk to the corner store.

[Anonymous]

Anonymous wrote:

Anonymous wrote:"Legal tender for all debts, public and private" baby

*standing golf clap*

Agreed, and no debts have been incurred here.

There is no law that businesses have to accept cash unless it’s been locally mandated, which is ridiculous.

https://www.usatoday.com/story/news/factcheck/2020/09/16/fact-check-cashless-businesses-banned-only-some-local-state-laws/3330804001/

https://www.snopes.com/fact-check/legal-tender-payment/

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's a policy which makes it easier to rob businesses. Cashless business can't be robbed.

Another ill-considered leftist policy which will provoke a backlash from Congress.

It's been the law for A LOOOOOOOOOOOONGGG time that businesses have to accept legal tender. Perhaps think before you speak.

Where?

[Anonymous]

DC just loved ruining business. The cost, hassle and safety of having cash is not worth it. Why can't I run my small business as I see fit. If I lose out on some cash business, great! That's my problem.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don't know about DC, but a lot of vendors at Farmers' Markets in the suburbs have signs that say "Credit Cards Accepted; Cash Preferred." Visa charges a 3% fee on all transactions.

It’s insane that no one has moved in with an electronic payment system that really undercuts swipe fees. Probably more of a regulatory barrier than technical one.

The Federal Reserve has created a payments service called FedNow that allows for electronic transfers between banks. However, it refuses to roll it out as a consumer facing app/service, even though it could. This could have a huge impact on fees for debit card transactions, however not for credit transactions.

[Anonymous]

So, the local Rolls Royce dealer will now have to accept cash for purchasing a car? How big a safe would that need to be, since the largest paper money we have is $100?

[Anonymous]

Anonymous wrote:DC just loved ruining business. The cost, hassle and safety of having cash is not worth it. Why can't I run my small business as I see fit. If I lose out on some cash business, great! That's my problem.

Because you operate your business within a framework of laws and regulations, which you and your business benefit from.

Other things you have to do: comply with tax laws, comply with wage and hour laws, comply with anti-discrimination laws.

[Anonymous]

Anonymous wrote:

Anonymous wrote:DC just loved ruining business. The cost, hassle and safety of having cash is not worth it. Why can't I run my small business as I see fit. If I lose out on some cash business, great! That's my problem.

Because you operate your business within a framework of laws and regulations, which you and your business benefit from.

Other things you have to do: comply with tax laws, comply with wage and hour laws, comply with anti-discrimination laws.

And to add, most people whining on here aren't small business owners in DC so this doesn't impact them at all. But it does help "the poors" and we know how DCUM feels about them.

[Anonymous]

Anonymous wrote:Are you asking if the government can regulate commerce?

This made me chuckle.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Does this apply to Uber and food delivery apps?

They are online businesses so no.

But to answer OP. You can't refuse US money. It's legal tender and therefore has to be accepted. How is this not common knowledge?

You say one can’t refuse US money and legal tender has to be excepted, but prior to that day online businesses can opt out. Which is it? Why can they opt out and not a local business?

[Anonymous]

Anonymous wrote:So, the local Rolls Royce dealer will now have to accept cash for purchasing a car? How big a safe would that need to be, since the largest paper money we have is $100?

There's a RR dealer in DC? Damn, that gentrification sure seems to have worked!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Does this apply to Uber and food delivery apps?

They are online businesses so no.

But to answer OP. You can't refuse US money. It's legal tender and therefore has to be accepted. How is this not common knowledge?

You say one can’t refuse US money and legal tender has to be excepted, but prior to that day online businesses can opt out. Which is it? Why can they opt out and not a local business?

They don’t know what they are talking about. Businesses are free to specify the form of payment that they are willing to accept, unless otherwise mandated by state law. Which is what DC is doing, mandating forms of payment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DC just loved ruining business. The cost, hassle and safety of having cash is not worth it. Why can't I run my small business as I see fit. If I lose out on some cash business, great! That's my problem.

Because you operate your business within a framework of laws and regulations, which you and your business benefit from.

Other things you have to do: comply with tax laws, comply with wage and hour laws, comply with anti-discrimination laws.

And to add, most people whining on here aren't small business owners in DC so this doesn't impact them at all. But it does help "the poors" and we know how DCUM feels about them.

Most of the businesses that initially opted out of cash payments were not businesses frequented by people who were unbanked. No one is scratching together a few bucks here and there to get an $18 salad at Sweetgreen and Sweetgreen is really the exception. Because we are really just talking about high end bars and restaurants that stay open late the Council is now going to exempt from this law anyway. The idea that without this law the corner store would refuse cash is ridiculous. However, I can see good reason why a liquor store would not want to accept cash and you should too.

[Anonymous]

Anonymous wrote:So, the local Rolls Royce dealer will now have to accept cash for purchasing a car? How big a safe would that need to be, since the largest paper money we have is $100?

Oh course they will.

[Anonymous]

I haven't used cash in 30 or 40 years. I pay everything by credit card or check for larger amounts.