Not accepting cash ... Legal?
 

Was at Marutama by the library dt and noticed they put up a sign saying they no longer accept cash as of x date.
I thought cash was legal tender... Quite the opposite of Chinese places but still..

Do they accept cryptocurrency? :badpokerface:

too many fake bills?

"Cash not mandatory. Even though it is legal currency, the Bank of Canada says it is not mandatory for Canadian businesses to accept cash. According to the Bank of Canada, retailers don't have to take bills or coins "because both parties must agree on the payment method."

Maybe they don't like tourists?

Fake bills, employee theft, and robbery are the reasons places have stopped accepting cash. It's becoming more common not to except cash.

Isn't there some Japanese ramen restaurant that was on the news about them not accepting cash anymore?

literally the restaurant the OP is talking about.

Interesting that they chose this route, especially since they get dinged 2-3% on all transactions..

Funny this came up, I was just talking to someone who doesn't have any form of credit card and prefers to pay everything in cash worst case debit.

With high turnover and typically international students who work there it’s probably easier to only accept cards. No issue with learning a new currency, don’t have to run back and forth for change, eliminates the chance of theft, better control of tip payout...in this day and age I’m surprised that some people only carry cash.

wheres my wechat and alipay payment bro?

I wonder if they are getting more tips with cards vs cash. I know people like to throw loose change as tips on smaller meal costs (Ramen there is just about $10/bowl) where as the machine you can select 10/15/20 etc and not have to worry about small change.

Plus it's easier for the machine to default 15/18/20% gratuities.

Before you know it, you'll be faced with a skill testing math question in order to hit the "other" button.

There is a cost to accepting cash.
First, most business banking accounts charge for cash deposits depending on the amount. Not close to the 2 to 3 percent of credit cards but still a charge nonetheless.
Then think about the time and effort needed to handle the cash, time is money.
There's also the risk. Fake bill here and there.. Employee theft or just simply misplacing or miscounted bills and you're out money.

Other than strippers I can't think of any (legal) reason why I need to ever have cash. Any situation I can think of right now off the top of my head has an electronic work around.

I'm a regular at the casino, so in this case I carry cash only when I'm going. I put my casino bankroll in my safe otherwise.

I always carry about 100-200 cash for those cash only restaurants and the rare case I need to pay a friend back or split bills. All other times, 98% it's credit card.

If you want a good deal, cash is still king.

Bring cheques to the restaurant next time. :troll:

sounds a lot like Marutama










:troll:

. People paying by credit card will pay less. If your meal comes to $15.60 and you have a $20 you will tell the waitress to keep the change. But If you pay by credit card you tip 15 or 20% the total is less than $20.

Baiyuan - new richmond resturant

accepted payments - in order of pref
CASH
Wechat Pay
Ali Pay
E-transfer

You'd tip nearly $5 for a bowl of noodles? WutFace

Maybe I have had a few beers and don't feel like carrying change. How much change would you want from a $20? when the total is $15.60.

I'd probably tip $1 or $2... it's ramen man, there shouldn't be a tip at all! If that leaves me with $3.60 then that's still $3.60 towards the next bowl

I've seen this debate about this restaurant before.

The flip side of the argument is that it's illegal to refuse legal tender to settle a debt. Cash is legal tender, a restaurant bill is a debt, therefore they can't legally refuse it.

I don't know which argument would stand up in court.

VVV