[ohstopitu]

I've experienced something similar at resturants in TO recently! Not only didn't they straight up refuse cash, they asked me download their app to pay for food.

Obviously I walked out and got lunch elsewhere, but later when I was told that they sell their own currency in the app for CAD in denominations of 5. But their food + tax, is never sold at that amount - meaning, if your lunch is $10, tax makes it $11.3, you have to pay $15 in the app. If you have no intention of coming back, you loose the rest. This is such a scam.

Also what's the problem with accepting cash? It's trackless and it's anonymous - I love it. Why should everything I buy be tracked by Banks, Corps and everyone in-between? Furthermore, unlike credit, there's are no fees associated with it so it's slightly better for the seller too.

Btw if this does not give you a worry, think about this: all your expenses always end up at companies like Equifax. If them already selling it does not scare you, a leak should. Imagine if your transaction history can be used to refuse employment, housing etc. (without letting you know that's the case). Cash does not have any of those issues.

The biggest 2 main issues with cash is - what if I get pickpocketed? and the solution is to never really walk around with more than $50-100. I've been using cash since I was a kid, and I've never gotten pickpocketed. The 2nd one is tracking your expenses - but I personally feel like using cash has made me spend a lot less than when I used my credit card.

[rodorgas]

Also, you can lose your phone the same way someone can pickpocket your wallet. If we’re stopping to use cash because of this, we should stop using expensive smartphones.

[astura]

>Also what's the problem with accepting cash?

Is this a serious question?

Downsides of cash: loss due to theft, miscounts, counterfeit currency, and misplacement; additional risk; a need for physical security (a place I know of went cash-only when there was two high profile robberies in a period of six months both of times involved employees getting shot); extra hardware (safes, cash drawers); extra/non-automated accounting; countless time wasted counting and recounting; time and effort to make sure there's plenty of change but not too much; loss of interest income from physical cash being held to make change; time and cost wasted on endless amount of physical transport to and from the bank; etc., etc., etc.

I'm not saying there's no upsides of cash and downsides of cards, its certainly a trade off, but don't act like one is objectively better than the other.

>there's are no fees associated

Not directly baked in, but there's is a business cost due to all of the above.

Not only that but people literally spend more money when they pay with card instead of cash. So accepting card may cost you a 3% fee but your sales to cardholders may go up 4%.

"Trackless and anonymous" is only a "feature" to businesses that commit tax fraud. No honest business is going to give two shits about that.

>all your expenses always end up at companies like Equifax.

No they do not.

>(without letting you know that's the case).

Come on. That's already illegal.

[nchlswu]

which restaurant? I've seen a few food court spots go cashless, but nothing about downloading an app.

[ohstopitu]

I can't remember the name - it's near union station - Bremner / York. It's a very hipsterish place.

[ohstopitu]

Really? I was recently looking for business accounts at the big 4, and I saw that after a minimum number free transactions, any transaction has a fee (cash or not).