Holiday Shopping Season Prompts More Retailers To Nix Cash

Posted On: 12/4/2018

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A growing number of retailers are no longer accepting cash in an effort to cut costs, theft and headaches as throngs of holiday shoppers line up to check out, USA Today reported.
 
The USA Today article observes that some restaurants in large cities stopped accepting cash a few years ago. But now more nonfood chains, including clothing retailers Bonobos, Everlane and Reformation and Amazon bookstores, are going cashless at some or all of their locations. Some brick and mortar stores that have opened in recent years never took bills to begin with.
 
USA Today attributed the cashless store trend to the growth of credit- and debit-card transactions and the spread of digital wallets such as Apple Pay and Google Pay.
 
Click here to read the article, which breaks down the various retail sectors and share of cash transactions.