Archive for December 3rd, 2018

Service of Cashless Restaurants

Monday, December 3rd, 2018

Photo: time.com

A recent Facebook conversation I followed was about coins. The writer said coins drove him nuts and suggested they should be canned. Most of the respondents disagreed for reasons ranging from saved coins helped pay for vacations to fondness for them. I pay for less and less with cash but am nevertheless on the side of saving coins if only for nostalgic reasons.

As I use my credit card a lot I’m fine with paying for food or anything else with mine. But plenty of folks are paid in cash or don’t have one for whatever reason. They also might not own a smartphone to access digital payment via Apple Pay for example.

Photo: infobarrel

Ritchie J. Torres, a New York City Council Member, says “the [cashless] business model is classist and racist,” according to Chris Fuhrmeister on eater.com. Torres said he sees the trend “as a way to gentrify the marketplace.”

Some 22 million Americans don’t have a bank account Furhmeister reported. An early adopter whose restaurant is now closed told him that if customers didn’t even have a debit card they most likely didn’t have a bank account and shouldn’t expect to eat in his [now defunct] restaurant.

Photo: shakeshack.com

Celebrity restaurateur Danny Meyer gave up the model in his Shake Shack burger chain because of customer complaints according to Fuhrmeister. His pricey Union Square Hospitality Group restaurants such as Union Square Café and Gramercy Tavern remain cash-free.

The impact goes beyond the poor. Furhmeister wrote: “Pittsburgh Post-Gazette reporter and critic, and former Eater NY editor, Melissa McCart made a salient point in her report on the topic earlier this year: ‘[I]n an era when an increasing number of restaurants no longer accept legal tender, it’s useful to think about who this system benefits most: the businesses and banks, at the expense of consumers.’ Do businesses and banks really need more power? It’s a question more local governments may want to consider.”

Photo: freecreditreport.com

There are other issues to consider, good and bad. A cashless retail business won’t be robbed. Also, many people pay the restaurant bill by credit card and leave tips in cash so that the right person gets the money. Would this continue or would the restaurant owner continue to control the tips? [Meyer, mentioned above, runs tipless restaurants as well.] The government must love the concept as there’s no revenue to hide from the tax man.

Do you pay for things mostly in cash, credit card or digitally? Do you like coins? Would you miss cash if it no longer existed? Do you agree with McCart that big time beneficiaries of the credit card/debit card only model are businesses and banks–Uncle Sam too–with consumers the losers? Will the cashless trend spread to other retail industries if it’s not stopped? Should the cashless retail model be outlawed?

Photo: freepik.com

Get This Blog Emailed to You:
Enter your Email


Preview | Powered by FeedBlitz

Clicky Web Analytics