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26/07/2011 -
With more customers using credit and debit cards to purchase items, fewer are relying on cash as a means to pay for goods and services. As a result, the U.S. Treasury Department has scaled back the number of bills it prints, with the production of $5 bills dropping to its lowest level in 30 years and $10 bills not being printed for the first time in decades, The New York Times reports.These days, many would argue that having the ability to accept credit and debit card payments is an essential part of meeting the payment processing demands of customers. Some establishments have gone so far as to accept only credit card payments.
The news source reports that Commerce, a Manhattan-based restaurant, has a sign posted outside of the establishment telling people that it will not accept cash payments.
"This morning I bought a gallon of milk for $2.50 at a Mobil station, and I paid with my credit card," Tony Zazula, co-owner of Commerce restaurant, said in an interview with the paper. "I do carry a little cash but only for gratuities."
