If you listen to trend pieces in the news and online commenters, cash is on its way out. There are coffee shops and restaurants that don’t accept it, and most people don’t carry very much cash at any given time. Yet it turns out that retailers still generally prefer cash, since it’s the cheapest way to accept payments. [More]
plastic only
Your Cash Is No Good At The Apple Store
By 5.19.10
If you’re saving up to buy an iPad, don’t do it by sticking your spare cash into an envelope. (Or a sock, for that matter.) As a woman in Palo Alto, Calif. learned, the same “credit or debit cards only” policy that Apple put in place to prevent rampant reselling of iPhones exists for iPads, and no stack of bills can be exchanged for the shiny gadget. [More]
NYC Restaurant Stops Accepting Cash
By 9.11.09
If you decide to eat at Commerce, an unpleasantly named upscale restaurant in New York City that charges nearly $25 for spaghetti, your cash is no longer welcome.
