Outside of illegal transactions, I suspect that the on-the-edge of legal/ethical/palatable shops tend to be very cash centric. Here that would be adult books stores, and drug smoking paraphernalia.
Here selling pipes/bongs etc is not strictly legal, but hard to prove the intent is to smoke anything illegal. Given that possession is an on the spot fine none of this exactly brings much interest from the police. However customers probably prefer that a money trail not be left.
What is interesting is that bushinesses for which the majority of transactions are in cash are a prime front for money laundering. The books can show any amount of money flowing through the business, but if it is cash, it is very difficult to audit or track.
The previous owner of my parent’s house bought it with a suitcase of cash. Which raised a lot of eyebrows. She was a widow who had received a large payout for her husband’s accidental death. There is speculation she kept the entire payout as cash hidden away somewhere.
The guy out front who runs a hot dog/brat cart only takes cash. The food trucks that have become very popular in most cities of a certain size and above, they will take cards. Almost a certainty. The combination of tablets, cell service, and square pay like services allows these vendors to capture sales to people who don’t have cash.
The old-fashioned hot dog trucks and the food trucks catering to Latin near the museums American immigrants are cash-only, but almost all the newish food trucks take cards around here.
Law firms that don’t deal directly with the public generally don’t take cash. My firm does insurance defense and hasn’t had any cash handling facilities for 25-odd years. Most of our bills are paid by check, which I’m assuming is more analogous to plastic than cash.
In specific, it could be a violation of the money laundering law. The current administration has made it clear they won’t prosecute such, but the banks are still not providing the services. No doubt they’re concerned that a future administration will not be so tolerant.
BTW, it applies in Oregon too. Retail sales won’t technically start until the middle of this year, but until then they’ve allowed medical marijuana dispensaries to sell to the general public on a limited basis.
Virtually all non-retail legal businesses are purely non-cash. There is one exception and that’s beer and wine distributors in some (most?) states. This is sort of a leftover from prohibition. When they repealed Prohibition (which was done by bypassing the state legislatures, who probably wouldn’t have approved the 21st amendment), opponents of alcohol consumption got a number of rules passed in various states to make life difficult for those in the trade. One of these was to require beer and wine deliverers to collect payment in cash at the time of delivery.
This is what I came to say. Recreational marijuana was over $300 million in Colorado in 2014. In 2015 it surpassed the previous year by August, but I can’t find a total for 2015.
It WAS Chase. WTF, they thought I was trying to launder $100? I might understand if I was trying to deposit like $10,000 in cash. But not $100. I hate banks so much.
Really? I rarely even have cash on me, and routinely pay for fast food stops via card. I can even use my debit card for a lot of the vending machines on campus.
I’ve rung up sales of $.50 that were paid for by card, at the thrift store I currently work in. I’ve also had people pay for $500+ purchases in cash, at the same store.
Next time just stick the deposit & slip in a sealed envelope and put in in the night deposit slot.
When I started working in a call center for a megabank I was very surprised to find out that; 1) some prostitutes take credit cards, 2) people will actually use their cards for the services, & 3) people are stupid enough to use the joint credit card :smack:. There are even designated merchant codes for escort agencies and other adult businesses to use. Those were some fun calls. Like the woman who called in about some mystery charges on the family card, got really offended and started yelling at me about how her husband was a pastor when I determined it was from a “dating” site. Fortunately I was able to review the website and reassure that there were no woman on it. The call ended immediately afterward.
what country? I just deposited cash into another account (admittedly I am signature user of that business account) today. I have never heard of any bank not accepting cash in the US. Next time I am in my bank I will ask them.
FWIW, there are a lot of sex workers who will accept prepaid VISA cards as payment. This is exponentially more common than actually taking credit card transactions.
Car rental places require a credit card as essentially a security deposit but you can pay cash for the rental if you want. I did it once a while ago. It could be useful if you are looking to reduce finance charges if you float a balance on your card.
Many flea market vendors take credit cards. I’m sure some particular vendors only take cash.
How do check cashing places figure? For the basic business, the first half of the transaction isn’t cash but the last half always is. Of course, check cashing places often do a lot more these days than cashing checks.
The call ended immediately afterward.