Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Roll Hunting
>
How to get rolls?
>
Reply to Thread
Message:
<p>[QUOTE="Clawcoins, post: 4185901, member: 77814"]Yes, companies have found out doing all electronic payments reduces overhead and virtually eliminates someone walking in and wanting to rob the place.</p><p>There has been significant research done on this, thus a transition to start cash-less stores.</p><p><br /></p><p>The Federal Reserve has advocated since at least the mid 1990s on moving in this direction for overall efficiency and reliability and safety, when available.</p><p><br /></p><p>But you'll find out that a cash-less society excludes the poorer segment of the workforce in general. Thus the reason the "government" from cities to states have passed laws banning cash-less stores.</p><p><br /></p><p>But, there have been laws on the books since credit cards gained popularity to prevent cash-less stores in certain states.</p><p><br /></p><p>The US Congress has introduced legislation too to prevent pure cashless stores.</p><p>Do you know when you go to the gas station and pay more for credit? Maybe you'll end up paying more for cash sometime in the future instead.</p><p><br /></p><p>Of course, depending which advocacy group opinions you have read, or your own opinion will vary one's perspective on it. But yes, there are new stores who only want to accept electronic payment as it reduces the overhead of counting cash, dealing with money theft (both from employees and robberies), dealing with a cash register, safe, time to process the money everyday, Brinks/Loomis , etc.</p><p>You need less skilled employees - which excludes counting.</p><p><br /></p><p>Of course, it hurts Brinks/Loomis, safe companies, etc. and that whole process of handling cash. But banks themselves have been trying to get away from "people" services for a long time themselves too.</p><p><br /></p><p>And then you have people who want to walk into physical banks; talk to an actual employee; and ask to get boxes of physical coins requiring manual labor ... all working against that cashless idiom. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Maybe banks will move to a Change Machine ... after all, there are plenty of used ones from game businesses that have gone from using change to using a card.[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 4185901, member: 77814"]Yes, companies have found out doing all electronic payments reduces overhead and virtually eliminates someone walking in and wanting to rob the place. There has been significant research done on this, thus a transition to start cash-less stores. The Federal Reserve has advocated since at least the mid 1990s on moving in this direction for overall efficiency and reliability and safety, when available. But you'll find out that a cash-less society excludes the poorer segment of the workforce in general. Thus the reason the "government" from cities to states have passed laws banning cash-less stores. But, there have been laws on the books since credit cards gained popularity to prevent cash-less stores in certain states. The US Congress has introduced legislation too to prevent pure cashless stores. Do you know when you go to the gas station and pay more for credit? Maybe you'll end up paying more for cash sometime in the future instead. Of course, depending which advocacy group opinions you have read, or your own opinion will vary one's perspective on it. But yes, there are new stores who only want to accept electronic payment as it reduces the overhead of counting cash, dealing with money theft (both from employees and robberies), dealing with a cash register, safe, time to process the money everyday, Brinks/Loomis , etc. You need less skilled employees - which excludes counting. Of course, it hurts Brinks/Loomis, safe companies, etc. and that whole process of handling cash. But banks themselves have been trying to get away from "people" services for a long time themselves too. And then you have people who want to walk into physical banks; talk to an actual employee; and ask to get boxes of physical coins requiring manual labor ... all working against that cashless idiom. ;) Maybe banks will move to a Change Machine ... after all, there are plenty of used ones from game businesses that have gone from using change to using a card.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Roll Hunting
>
How to get rolls?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...