We've tried to go cashless at our facility for big events and it's going to be really tough to outlaw cash completely. Now as the person who counts the cash. I'll tell you it's dirty, time consuming, never reconciles to the system, people steal it, and has security issues for transport. For major big events, it's definitely good to go cashless. Counting 2 million in cash is costly and takes hands but now we still collect about 20k or 1% of sales in cash even though we have signs that we no longer accept cash. Now I can count it myself and we save money in more ways than one.
Now, I'm am not anti cash do to the fact that if computer systems were to crash for any reason, you wouldn't be able to accept any payments, you wouldn't be able to have any physical way to barter in a realistic way. For a facility such as ours. If they payment systems went down for whatever reason it would crush us. I've already had a situation where about 500k in sales didn't flow into Freedom Pay and we didn't get our sales until the next month. I had to recoconcile it all and it was a big pain in the arse.
Another thing too is, it's not gonna be your baby sitters and yardsalers protesting. It's going to be all of the biker gangs who don't want to be "in the system" if you will. Thats something else I've learned about the facility I work. That's who regulators are going to have to deal with, on top of most conservatives against it.
