Homepage / Technology / Your money's no good here — but your cellphone or credit card certainly are
Les Gambling establishments en Ligne en France 2024 200% Reward + 300 Free Rotates LevelUp Internet casino Melbourne En İyi ve Güvenilir Casino Siteleri Canlı Casino Siteleri 2023 Listesi En İyi ve Güvenilir Casino Siteleri Canlı Casino Siteleri 2023 Listesi Le meilleur casino en ligne franзais Extra Casino avec le dйpфt minimal le in addition bas Yeni Casino Siteleri ᐈ Çevrimiçi Kumarhaneler Mart 2024 Les gambling establishments en ligne proposent une grande variйtй de jeux de internet casino gratuits. Türkiye’deki Resmi Web Sitesi Google Play, Türkiye’de kumar oyunlarına izin verecek Her Gün Tatil Olsa ORDU’DA PAZARTESİ GÜNÜ FINDIK FİYATI NASIL? كازينو اون لاين الكازينوهات الممتازة على الإنترنت ألعاب الكازينو المباشرة مينا كازينو العر Google Play, Türkiye’de kumar oyunlarına izin verecek Domain Sorgulama & Domain Fýrsatlarý Canlı Casino Siteleri: 2024 Güvenilir Siteler Seçilmiştir Golden Easter Slot İncelemesi 2024, Demoyu Ücretsiz Oynayın Golden Easter Slot İncelemesi 2024, Demoyu Ücretsiz Oynayın 1xbet Türkiye Giriş Empieza Kayıt 202 Kumar Ve Kumarhaneler Hakkında Pek İlginç 21 Bilgi Kumarhane Doğru Yazımı Nedir? Tdk Ile Kumarhane Kelimesinin Doğru Yazılışı! Mobilbahiste En İyi Kumar Bonusları Ve Kazançlar Mobilbahis Giriş Sayfası On Line Casino Siteleri En Iyi Casino Siteleri 2024 Mostbet: Türkiye’de Internet Casino Mostbet Online Slotlar Ve Canlı-casin Pin Up Casino Oyna Türkiye, Pinup’un Sah Web Sites Ifade Haberleri Son Dakika Ifade Hakkında Güncel Haber Ve Bilgiler “önceliğimiz Transferin Önünü Açmak, Görüştüğümüz Yerler Var” On Line Casino Nuh’un Gemisi Deluxe Resort & Spa, Kıbrıs Bonus Veren Siteler 3 000 Den Fazla Online Oyunu Ücretsiz Oyna En Tehlikeli Kumar Oyunu Ekşi Sözlük Deneme Bonusu Veren Siteler Deneme Bonusu 2024 Explore the Magic of WildCardCity Güvenilir Bahis Siteleri En İyi Kumar Siteleri Balıkesir Triatlonuna Avrupadan Ödül Tricks of the Aviator gambling establishment game by Spribe Çevrim Içi Kumar Siteleri “bonus” Yalanıyla Kandırıyor En Güvenilir Canlı On Line Casino Siteleri Xbetting-tips Com Uncovering the Abundant Tapestry of Ozwin Gambling establishment Evaluating Board Portal Providers Uncovering the Wealthy Tapestry of Ozwin On line casino Electronic Data Area Providers Evaluation Cobra Internet casino: Raising the Australian On the internet Video gaming Practical experience 4 Things to Search for in Safeguarded Cloud Safe-keeping Fastpay On line casino Australia – Simple and No-Taxation Wagering Web page officielle franзaise de Joka Gambling establishment The Software Development Universe Game Woo Internet casino – Enjoy Slot machine games around australia Ostdeutsche Biersorten What Are Virtual Data Rooms? Vitamin D Receptor Polymorphisms Revue du Casino BlackLabel Faktory, kterй ovlivnujн hodnocenн ceskэch online kasin How to Make the Most of Your Web Development Organization and Advertising Efforts L’essor des casinos en ligne en France Boost Meeting Efficiency With Boardroom Technology Developments WildJoker Casino WildCardCity On line casino – Guaranteed Australian Gambling Portal WildCardCity Casino – The Ideal On the internet Gambling establishment within australia Modern Technologies Produce Sharing Documents Online Faster and More Protect Free Virtual Info Room pertaining to Speedy Due Diligence A Review of Data Area Software For people who do buiness Five Board Bedroom Features Which will help You Acquire a More Productive Boardroom Electronic Systems To your Business Understanding Legal Terms and Laws in Today’s World The Laws and Contracts of Hollywood: A Sunset Blvd. Tale Legal Discussion Between Johnny Cash and Antonin Scalia Legal Insights: What Teens Should Know Legal Issues and Exceptions: What You Need to Know Legal Insights and Expert Analysis Celebrity Dialogue: Legal Matters in the 21st Century Famous Personalities Discuss Legal Issues The Boys in the Boat: Legal Advisors and The Quest for Legal Knowledge Understanding Legal Matters: Q&A on Criminal Law, Joint Ventures, and More Enticing Title The Departed: Understanding Basic Work Requirements and Legal Rights Youth Slang Blog Article Legal Insights: A Journey into the World of Law The Ins and Outs of Legal Matters: Everything You Need to Know Legal Insights and Trends: A Rap Guide Mysterious Legal Matters Unveiled Insights and Information: Understanding Various Laws and Regulations Famous People of the 21st Century The Circle of Legal Life The Intersection of Fashion Law, Legal Translation, and THC Oil: A Modern Legal Guide Legal Q&A: Understanding Joinder Federal Rules and More Understanding Legal Terms and Conditions: A Comprehensive Guide Understanding Legal Documentation in a Fun Way! Understanding Legal Aspects: From Islamic Law of Inheritance to Farm Law Protests Understanding Legal Rights: A Guide to Legal Regulations and Requirements Understanding Legal Guidelines and Agreements Famous 21st Century People in Conversation Mysterious Legal Matters Unveiled Legal Matters and Real Estate: A Conversation Between Cameron Boyce and Donald Trump Understanding Legal Expertise and Why It Matters Legal FAQs and Expert Services Understanding Legal Ramifications: Common Law Ontario Health Benefits and More The Ins and Outs of Legal Requirements: From FBI Academy Physical Requirements to Silver Lake Fishing Rules The Legal Underworld: Understanding the Significance of Laws and Rights Legal Conversations: A Dialogue Between Jon Jones and Chadwick Boseman Legal Beats: Bobcats, Real Estate, Babysitting, and More

Technology

Your money's no good here — but your cellphone or credit card certainly are

At a growing number of restaurants, your money — or your cash at least — is no good.

For a variety of reasons, more eateries are refusing to allow cash payment, and only accepting debit and credit cards. One of them is fast-casual chain Sweetgreen, which went cashless last year. Separately, burger giant Shake Shack said recently that it’s testing a cashless, kiosk-only location.

When Two Forks opened in New York City just over a year ago, owner Michael Kaplan told CNBC they accepted both cash and cards for the first few weeks. That quickly changed.

“…We were noticing that with every cash transaction, the payment process was slowing down significantly,” Kaplan said to “On the Money” in a recent interview. After doing some research, the eatery saw that “generally everyone pays with credit cards anyway.”

With that in mind, Kaplan decided to eliminate cash as a payment option. “We thought it was a good next step,” he said.

Dos Toros co-CEO Leo Kremer said that “simplicity” was the reason behind his 14 location chain’s decision to be cashless. Kremer explained to CNBC the goal in hospitality is really simple.

“To delight your guests every day. But it’s hard to do that,” he said.

“It’s about great food and great service and a clean environment and those things require time and focus and manager time is eaten up by cash handling procedures. Going cashless just allows us to focus that much more on doing a good job,” Kremer added.

The restauranteur said his managers save about two hours a day that used to be spent counting cash, buying change, and making bank runs. He added that time can be used to coach the team of employees and engage directly with customers.

Yet what happens when a customer only has cash to pay for a meal?

Kremer says their employees ask, “Do you have a card? And if not, and it’s an honest mistake, we’ll just comp the meal and be generous and say ‘remember your card for next time.’ We’re trying to be very mellow about it.”

Similarly, Two Forks’ Kaplan says each week only a “handful” of people come in with only cash — but he doesn’t turn them away.

“If they have exact change, we give it to them, Kaplan said. “If they can get close enough, we always try to work with the customer.”

And for their workers, both say going cashless is safer because without cash on premises, the risk of robbery or break-ins is reduced.

However, they acknowledged a downside of going cashless is the risk of alienating those patrons who prefer to use cash, plus the added cost of credit card processing fees.

“There is roughly a 3 percent cost to us on every card transaction, which is not great.” But Kremer calculates that with the added cost of cash management, “it comes out roughly even.”

Earlier this week in Seattle, the cashless trend expanded when the first “Amazon Go” grocery store opened.

“Amazon Go” is a convenience store without cashiers or checkout lines. You select your items and the payment information that’s stored on your phone is automatically charged as you walk out the door.

Meanwhile, the landscape is gearing up for more than just debit and credit card payments. Kremer said his restaurant is “hard at work transitioning to a new point-of-sale software” that can “integrate with NFC [near field communication] and contactless payment.”

He added: “Ideally, we’re just payment agnostic, as long as its digital. Whether it’s Apple Pay or Google or some cryptocurrency or whatever, if it’s quick and digital, we’ll accept everything. “

Everything except cash.

On the Money airs on CNBC Saturday at 5:30 am ET, or check listings for air times in local markets.

Source: Tech CNBC
Your money's no good here — but your cellphone or credit card certainly are

Comments are closed.