More than the limit, what seems absurd to me is that businesses seem to be allowed to refuse cash as a form of payment. I am reading the translated version of the article, and it says:
> A seller can decide not to accept cash above a certain amount. Or not accepting cash at all.
Why would not accepting cash at all be allowed? What is the other alternative? Mastercard, visa etc? If for example, a super market chain stops accepting cash and starts accepting only Visa, and for whatever reason I do not have a visa credit card, or worse I am banned by Visa,then I cannot buy groceries anymore?
Also, I am not exactly sure everybody has access to a credit card. Maybe I am missing something here, but this seems a bit stupid/crazy to me.
Not every detail of a business's operations needs to be regulated by the government. I can think of many undo costs this could impose on random small businesses, stripe + iphone should be more than enough for some random business working at some event, forcing them to carry a change box + manually write down every transcation/receipt, risk theft, etc. Always comes with the best intentions though.
> A seller can decide not to accept cash above a certain amount. Or not accepting cash at all.
Why would not accepting cash at all be allowed? What is the other alternative? Mastercard, visa etc? If for example, a super market chain stops accepting cash and starts accepting only Visa, and for whatever reason I do not have a visa credit card, or worse I am banned by Visa,then I cannot buy groceries anymore? Also, I am not exactly sure everybody has access to a credit card. Maybe I am missing something here, but this seems a bit stupid/crazy to me.