Paying with cash

[Clay Diggins]

I might be beating a dead horse here, cause I griped about it before, but it was one of my pandemic pet peeves. The Governor has signed into law a bill requiring all Colorado retailers to accept cash money as payment, with a couple of exceptions. The Governor did have some doubts about the bill, and it probably won't be enforceable, and even I could see it's a little iffy, but it's the thought that counts. This bill was intended to help the 7% of Coloradans who don't have a bank account or carry plastic, and probably a smaller percentage of contrary old farts like me.

The governor had doubts about the law because of the prohibition in the U.S. Constitution Article 10:

No State shall ... make any Thing but gold and silver Coin a Tender in Payment of Debts

 

Amazon Forum Fav 👍

Cry Of The Eagle: History And Legends Of The Cherokee Indians And Their Buried Treasure - Grab it through Amazon!

[Honest Samuel]

In many states, there is still legal and illegal boose being made and sold with the illegal stasting better.

 

[newnan man]

Yes, beware of an insanely corrupt government with a printing press!

 

[pepperj]

Free covid money for everyone.

And just w Venezuela froze the price of eggs and the next day it didn't matter if you had money- no eggs to be found for sale anywhere...

I have no idea how much they've been handing out to you all down there, but here for the past 14 months it's been a policy:
If you earned $5K gross in 2019 well you're all going to get $2000 a month on CERB.
Now there has been more folks just a having a great payed holiday, more money in their pockets than ever.

Gee the Township just has ZERO applications for the summer student jobs. WHY? Well it comes down to simple logics:
Work 40hrs a week-no paid breaks-min. wage $14 have to get up in the morning to accomplish the task of getting to work-or lay in bed, get up late, party, and getting a free $2K a month. Thinking.......

I'm glad I have my own chickens, beef, veggies, (soon to have berries) don't need to spend a whole lot of $$$ in the world.

Still the world needs cash-without it there would be no freedom-period. There is still the barter system...............

 

[islamoradamark]

With cash you get a big discount great to bargain with

 

[fistfulladirt]

With cash you get a big discount great to bargain with

That’s one method I’ve never had luck with...as one that uses cash daily, when I mention cash discount to merchants, doctors, landscapers, coin dealers...I always get “that is ​the cash discount!”

 

[RGINN]

The governor had doubts about the law because of the prohibition in the U.S. Constitution Article 10:

Our governor probably isn't familiar with that Article. His concerns were who do you cite for the violation. The cashier on duty, the ASM over the front end, the store manager, or corporate? IF a charge was ever filed on this, I could see the legal challenges going on forever. Like I said, it's the thought that counts, and I had no intent for this post to be a political type thing at all.

 

[uglymailman]

I try and use cash, especially with local merchants. The bank charges 4-6% for use of a card, in a lot of cases that's the profit for the store owner. Some business's here charge 4-6% if you use a card. I've heard that the K.C. Royals ball park is cashless and everything sold is through your phone? I'm technically challenged and have no phone I can touch to their equipment to pay so I guess I'll either take a kid with me to pay or not go. Good luck.

 

[KEYSHUNTER]

With cash you get a big discount great to bargain with

unless your going to the islamorada P$blix

 

[Clad2Silver]

Cash is KING and always has been.....At least that's the way it is with me.

 

[Louie D]

I try and use cash, especially with local merchants. The bank charges 4-6% for use of a card, in a lot of cases that's the profit for the store owner. Some business's here charge 4-6% if you use a card. I've heard that the K.C. Royals ball park is cashless and everything sold is through your phone? I'm technically challenged and have no phone I can touch to their equipment to pay so I guess I'll either take a kid with me to pay or not go. Good luck.

If your bank charges you 4-6% for the use of a card, you need to find a new credit card provider. If the merchant is paying this surcharge, well that's just their cost of doing business, not your problem. I earn cash back on my card and have never been subjected to an additional fee by a merchant. The added bonus of using a CC is they provide fraud, theft and sometimes extended warranty protection on your purchase.

 

[Megalodon]

If your bank charges you 4-6% for the use of a card, you need to find a new credit card provider. If the merchant is paying this surcharge, well that's just their cost of doing business, not your problem. I earn cash back on my card and have never been subjected to an additional fee by a merchant. The added bonus of using a CC is they provide fraud, theft and sometimes extended warranty protection on your purchase.

I'll use cash only if I can get a cash discount that exceeds the rewards on my no-fee credit cards. Depending on the purchase, I get from 2 to 5% cash back from my rewards cards as well as the other benefits that you mention. I even charge my homeowner's, car and boat insurance and utility bills by cash rewards cards online. The only downside of the cash rewards cards is the high interest rates they charge - which is of no consequence for someone with the personal discipline to pay their bills as soon as they arrive. I got my first credit card almost 50 years ago and have never paid interest.

 

[Louie D]

I'll use cash only if I can get a cash discount that exceeds the rewards on my no-fee credit cards. Depending on the purchase, I get from 2 to 5% cash back from my rewards cards as well as the other benefits that you mention. I even charge my homeowner's, car and boat insurance and utility bills by cash rewards cards online. The only downside of the cash rewards cards is the high interest rates they charge - which is of no consequence for someone with the personal discipline to pay their bills as soon as they arrive. I got my first credit card almost 50 years ago and have never paid interest.

Haha you got me beat by almost 30 years on the no paid interest deal.

 

[xr7ator]

Posters 32 & 33 are the smart ones!
If I'm selling, yes, cash is king!

 

[ARC]

And after the solar flare... major storm... or any other form of power outages / problems...

I will be walking out of somewhere with some food ... drink and just about anything else.

Whilst you are standing there waiting for power to come back up.

:P