Duh. No Cash accepted for Brightline Tickets

[CSSHEGEWISCH]

ben

A 100% cashless society could occur once crypto-currencies are widely accepted.

 

I've noticed that the "value" of a Bitcoin has plummeted by 50% over the last few days.  The value of a cryptocurrency unit is based on how much suckers are willing to pay for it.

[YoHo1975]

This post has been spammed as I replied to it in the General Thread, I'll reply to it here. The issue here are costs. Ticket Kiosks that take cash: Cost money to be services, cash removed, change added The are magnets for thieves, The mechanical parts to make cash acceptance and change return are additional failure points. Further, the reduction in paper tickets reduces costs for that paper as well as reduces waste on site. Smart phones are generally a sunk cost. I would not be surprised if, in the future, Brighline tickets could be bought at local supermarkets and the like where they would take cash. That would pass the infrastructure costs on to others.

[Enzoamps]

But at the cost of marginalizing certain people.  Poor people have no credit cards, debit cards require a bank account many of them do not have.  Many of them have no internet connection, no smart phone.  I have enough credit cards in my wallet to get in trouble, I could buy a Mercedes with them, but I do not carry a smart phone.  Smart phone means an account somewhere, costs money.

[ben]

A 100% cashless society could occur once crypto-currencies are widely accepted.

[PJS1]

runnerdude48

Apparently this is the way the country is going.  I saw a news item on the TV the other night that indicated that certain New York City restaurants no longer accept cash.  Credit or debit cards only.  Oh well, more Guest Rewards points for me. 

According to an article in the paper this morning, American Airlines does not take cash in Miami, DFW, Laguarda, etc. 

As far as I know, most of the airlines don't take cash for on-board services.  Most of my flights are on Southwest; they have not taken cash for on-board services for years.  

I began my business career with a Wall Street bank in 1964.  We were talking about a cashless society then.  We have not gotten there yet; we probably never will be 100 percent cashless, but we have come a long way since 1964.  

It is pretty hard to imagine buying stuff, including travel, on-line without the ability to pay for it electronically.   

Paying for transactions with a credit card, debit card, smart phone, etc. is efficient, effective and safe.  But not 100 percent safe!  I always carry a little cash just in case, but paying for goods and services electronically is a better outcome.  

[CMStPnP]

runnerdude48

Apparently this is the way the country is going.  I saw a news item on the TV the other night that indicated that certain New York City restaurants no longer accept cash.  Credit or debit cards only.  Oh well, more Guest Rewards points for me.

Because even with the 3-4% hit on a credit card transaction, the cash is in your bank account the day after the transaction occurred.    With a cash transaction it is whenever the business gets around to doing a cash deposit.    Further Big Banks assess a fee now for excess cash deposits over 4-6 a month on a Business account because it costs them more money to process cash than it does a CC transaction.

[runnerdude48]

Apparently this is the way the country is going.  I saw a news item on the TV the other night that indicated that certain New York City restaurants no longer accept cash.  Credit or debit cards only.  Oh well, more Guest Rewards points for me.

[CandOforprogress2]

I Guess that leaves me with the rest of  the unwashed heathen on Tri-Rail

Brightline07:40 PMToday

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