“Cash is King” seems to be a phrase of the past
1630Boston
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The Boston Red Sox take the field at Fenway Park for the first home game of the season on Friday, bringing life to the streets under the Citgo sign with familiar sights, sounds and smells. However, patrons attending the game will notice several changes inside the park.
“Cash is King” seems to be a phrase of the past as Fenway goes fully cashless for the 2022 season.
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I argue that this doesn’t make the service speedy at all, but rather encourages more headaches, like technological issues that could arise.
One of my favorite parts of a ball game is watching a hawker sell a Fenway Frank to a person in the middle of a row. It becomes a team effort as people in the row pass down the hot dog, then they pass down the money.
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Vote with your wallet and avoid venues that don’t accept cash.
Maybe at Fenway Park. It's a big country, though, and I don't think the Red Sox are calling the shots.
Comerica Park is also cashless.
One of my favorite parts of going to Fenway Park is watching a hawker sell a Fenway Frank to a person in the middle of a row. It becomes a team effort as people in the row pass down the hot dog, then they pass down the money.
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how do people pay for hotdogs and soda while in their seats? (i know there are a few ways, just curious which one(s) are implemented) t.i.a.
I really agree with you
but it is harder every single day
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Today, nearly all Major League Baseball teams are cashless. The Guardians do not ban cash, but strongly recommend credit, debit, gift cards or Apple Pay and Google Pay.
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Its also not king in the current coin business, I got plenty of cash, but nothing too buy to feed my customers who are looking daily for stuff too buy . When ever i do buy a larger deal, it dosn't last but a day or two max.
I am not talking about over priced crap, tons of that, talking about fair market priced stuff where There is a small profit room left to re-sale
I almost never use cash - rewards are too good for using cards
"Guardians"? Hahahahahahahahahahahahahahaha.
Yeah, sure.
Studies have shown that cards and card rewards entice a person to spend more than they otherwise might.
Baseball knows this.
They've always known that but the change is recent and due to multiple factors.
I do not follow any ball sports.... I do use cash a lot in transactions. Many places charge a 3% CC transaction fee... I avoid that. Cheers, RickO
There are times I like to be anonymous where I don't want anyone knowing my name.
My wife agrees with me - she doesn't want people knowing her name off your card.
She tells me too many guys stare at her driving- she hates it
It's too easy to find stuff about you, Facebook, where you live etc ...
I know there is probably ways to get debit/credit cards without your name but I haven't jumped that hurdle yet
I know NYC has a rule where being cashless is outlawed. Is there any more places ???
At coin shows cash is still KING.
Some but not too many take credit cards.
Some people, anyway. Not everybody.
At coin shows cash is still KING.
I haven't taken cash (except for incidentals) to a coin show in over 20 years and I do fine. Everybody I deal with takes my check with no problem (and sometimes that's a good five-figure amount).
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It's not just Fenway, Gillette Stadium is now a completely cashless stadium and TD Garden is also a fully cashless arena.
Thankfully Massachusetts Law prohibits this.
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Not “seems to be” but totally is a phrase of the past. While cash isn’t going anywhere anytime soon the younger generations will continue to make strides to move beyond it.
I'm sure there's no downside to giving people you don't know the power to decide whether or not you can spend your own money on something. Probably.
There's probably no downside to giving people you don't know the ability to review what kind of things you spend your money on, either.
It certainly appears that the younger generations may have some difficult lessons to learn in the future. But what you describe is a generalization of how many live today. Heck, some services like Venmo default to making everything you do with them public and people like it.
Masong is on the right track.
It’s about control and privacy. With cash you have control and privacy of transactions, you and you alone.
Same with trading and bartering physical items for products/services.
If you want to keep the maximum amount of control and privacy of what you are doing then cash is the way to go imo. 🙂
I had a good laugh one day when a woman coming out of the coffee shop i was entering said in a huffy way "they're only taking cash". I said good thats what I use. She didn't have $3 to buy a coffee.
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I'm guessing that much of the money they take in isn't reported to the IRS. I know a few coin dealers that will give you a discount if you pay in cash and it's more than the 3% that the credit card companies charge the merchant.
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"Paper money eventually returns to its intrinsic value---zero."----Voltaire
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I'm guessing buyers who take advantage of that offer are paying with income that isn't reported to the IRS.
I’m personally not so sure about this. At my high school, cash and card/phone payments are offered and cash is generally the preferred form to pay with. There are often fees associated with the phone payments so many students just fork over the cash instead of adding the extra hassle.
Also, in my experience, a lot of my generation (gen Z) isn’t as geared to Bitcoin or NFTs as it seems to be made out to be. Many dismiss it as a joke.
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SoFi, Cryto.com, and Angel Stadium do not accept cash in So. Ca.
Not sure about Dodger Stadium or PetCo.
@PerryHall The coffee shop rings everything on the register and usually takes cards, but the card reader wasn't working.
EDIT- a good thing because the people paying with cards slows the line down considerably
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I rarely carry cash. I do when I know I have to tip a valet for parking, but in some cases even valet parking is app-based, and you can tip on the app. My father would send my kids cash for their birthdays, typically a $100 bill or two, and my kids would have this "thanks, but what the hell am I supposed to do with this?" look. I would take the cash and add to their debit card account or their Venmo account. The younger generation seems to have little use for cash.
I have rarely carried more than a couple hundred dollars in cash to a coin show, and probably much less than that for more than 15 years. Part of me worries that at some future point, when cash is not recognized for trade, coins could lose some of their allure, too. Many of us appreciate coins because we used them in commerce and collected them as kids. If fewer people use in commerce and collect them as kids, where is the demand going to come from when boomers die off?
What happens when you try to use cash and they reject it. You know, the old "This note is legal tender for all debts, public and private."
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A business can choose their method of receiving payment. Nobody needs to accept cash
always use cash, never had any issues with it and odd thing is cash will always be around no matter what people think or try
2003-present
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Online - cards, PayPal. Shows - Cash is King
That’s dependent upon state law. Some states and cities require businesses to accept cash. But they are definitely the exception currently although there are some bills introduced to require cash payments in other places.
Part of me worries that at some future point, when cash is not recognized for trade, coins could lose some of their allure, too. Many of us appreciate coins because we used them in commerce and collected them as kids. If fewer people use in commerce and collect them as kids, where is the demand going to come from when boomers die off?
That's part of the reason why stamp collecting is pretty dead right now. Of course, self stick stamps didn't help either. However, creating FOREVER stamps should eventually eliminate the glut of unused postage. Can you imagine how long it takes to eliminate sheets of three cent stamps?
"$90 for you, $10 transaction fee for me."
Teaching opportunity wasted.
I guess you never used Venmo or a debit card…
Venmo, no. Debit card, yes. Not sure of the point you're trying to make.
I used to go to the ball park with a quantity of $5's, $2's and $1's in my pocket, plus a few half dollars just in case. Have'nt been to a ball game in a while, however. Nowadays I need to find a back row wheelchair space for my walker with a seat on it, and they are lousy seats.
I use my debit card most of the time. Sometimes. cash. All depends. But in person coin purchases, are and have always been, cash transactions.
Venmo has no fees the same with Zelle no fees to me or to the customer and go’s right in my acc instantly. And can send up to $30k a day. But I still love cash it will never go away but I carry both you never know it has happen before system was down we are only taking cash and have had we don’t take cash only cards so I do both.
Hoard the keys.
Lol. Except lots of the payapps are free, depending on how you fund them
If you're in the Navy you're called a sailor.
If you're in the Army you're called a soldier.
!f you're in the Space Force you're called a Guardian.
Why would the Guardians care about what happens in Fenway Park?...LOL
Try going to a coin show without any cash and see how that’s works out for ya.
I'm sure the people who work for these companies are getting paychecks. The money for that comes from somewhere.
Sometimes it's just the float. Other times it's an associated business. They also do charge fees for credit card processing, so there's that. But most of the ones I've used have no fees if you fund from a linked back account.
Was at a local Wendy's a few months ago in the drive thru. They would only accept a credit card, no cash. But if you went inside to order it was cash only. Strange.
To pop the ageism bubble that only older people prefer cash lol:
That may apply to online (Credit Cards, eft transfer) but in my view from my table at shows it’s like what a 20 yo close Exotic Dancer friend (Janine) says “if they don’t have cash they aren’t diddly xx.”
She’s real smart going to prelaw “just take cash and have a sign - no refunds or exchanges. Make them pay cash so they can’t flake out.” Her stage name Janine is based on the young Smurf character on Animal Kingdom.
So are you a supporting patron? LMAOROTF!
The proper term is Player. However I don’t think you grasp her point (she’s very smart) popping the ageism jab about older people preferring cash or what she thinks of players without cash. Whether coins or whatever. LROF at u.