Interesting. I get why you'd want to ban cashless business, but many business in a nearby town with a high crime rate are going cashless because you can't rob a Square reader quite as easily as a cash register.
They put in an ATM, can't charge that back.
More likely, thieves were using stolen cards, and the chargebacks were probably legitimate (a thief trying to make money on a chargeback would be pretty dumb anyways, since it would be tracked back to their identity regardless, and the bank would shut them down quickly they made an unusual habit of it).
It's a late-night business, though,and adjacent to early-open businesses, so it's probably hard to find a convenient time.
Customer's bank says "customer says they have no knowledge of this charge"
Square allows a dispute, including with video and photo evidence of the guy signing the tablet himself. That was submitted.
Customer's bank kept the money.
> Businesses can offer cash-to-card services for in-store purchases with a lot of stipulations including no associated fees or time limits.
A congressman was just carjacked in SW DC. The city was really great in the aughts and teens and has gone to shit post-2020. I wish they'd focus on cracking down on crime, which is working really well in NYC.
Forcing people to have a bank account or a credit card to buy food enforces a monopoly on money.
And allowing businesses to not accept cash allows them to streamline operations and offering products/services at a lower price.
What does monopoly on money mean? Why didn’t Washington DC go out and invest in infrastructure to take cash from people and give them debit cards?
Because that would leave the politicians more liable and the costs are easily visible. Much easier for them to punt the responsibility and costs to a small portion of the voting populace.
Why do countries print currency? For the settlement of debts public and private. It's not merely a civil rights issue. It's a core governmental function to provide a public and universally accepted instrument of trade. Governments which partner with privately run banks and coerce citizens into using those banks are inherently corrupt.
If no such business exists, it is because the cost of the risk/hassle of dealing in cash is too high compared to the low market demand.
Like, if enough people want handjobs from non-sex-trafficked sex workers, surely some massage parlors will open to cater to ethical customers, right?
Markets do not guarantee civil rights, and they shouldn't be relied upon to do so. Moreover, their failure to do so should not be construed as a proof that broad enforcement of those rights would not improve both individual businesses and the wider economy. Nor should the economic impact be the sole reason for society to choose whether those rights are worth defending.
By your logic, businesses can choose to refuse service on the basis of race because a certain race is poorer on average - and people from that race just have to hope they will be served by another business that comes along to hoover up their money.
We as a civilization have decided that we don't want the market or a collection of individual businesses to make those sorts of decisions. Protecting people from predatory discrimination is the role of civil society and government, and why we make businesses conform to certain standards, whether they like it or not.
The answer to people being unbanked is to make banking easier and less discriminatory. Not to force everybody to accept cash.
I hate this argument that "someone will start business"
No. If people will struggle with getting food then they will adjust and get cards despite not liking it. Nobody will open business for them.
For me this is some kind of free markets naivety
Banning cash to allegedly keep workers safe is the ultimate whitewashing of corporate greed at the expense of workers and the public. This is a good law.
There are relatively intelligent robbers who manage to pull off diamond heists and the like, but these are a minority of robbers and aren’t a threat to your typical local retail business.
Also, as crime becomes endemic in a community, anybody who can afford to leave does so. Businesses close as well, reducing economic opportunities for the people left behind.
It is up to the gov't to enact policies (carrot or stick) to prevent robberies.