Philadelphia Outlaws Cashless: What it Means to You

May 1, 2019

In early March, Philadelphia became the first city in the U.S. to forbid restaurants from refusing cash payments. As of July 1, all Philadelphia restaurants will have to accept cash payments and cannot charge cash-paying customers more than non-cash ones. Several other cities and states are considering similar rules.

What’s going on? Does it matter to you as a Little Rock restaurant owner and manager focused equipment for the restaurant?

It certainly does, especially if the initiative spreads into our area. Here’s what you need to know.

 

Why Restaurants Go Cashless

Restaurants choose to go cashless for two reasons: efficiency and security. When you don’t accept cash payments, you can process transactions much more quickly in any establishment. This is especially important to quick service, fast food, and coffee shops.

No one wants a long line waiting for service, and by offering only cashless transactions you can significantly speed up how quickly everything moves.

In addition, cashless transactions help with store and restaurant security. When there’s no cash on site because cash is not accepted, there is no reason for anyone to rob the store.

Restaurant owners enjoy that the equipment for the restaurant can be simplified when you don’t need safes, cash drawers, and other cash-related supplies.

 

Why Philadelphia Outlawed Cashless

So if it’s both more efficient and faster, why would a major city outlaw businesses going cashless? The answer is related to the fact that a certain percentage of people are “unbanked,” or don’t have access to a bank or credit account.

If businesses and restaurants don’t accept cash, they are excluding these folks from the local economy. This is seen as unfair discrimination against those who don’t or can’t, use traditional banking services. They need eateries to have equipment for the restaurant that allow cash payments.

The pushback against cashless businesses was started by advocates for the unbanked, but many say that Philadelphia’s rules don’t go far enough because there are still exclusions. For instance, parking lots and garages, large membership stores like Sam’s Club, and retailers that accept mobile payments can all refuse to accept cash payments.

 

What This Means for Your Little Rock Restaurant

Neither Little Rock nor Arkansas have introduced an initiative regarding cashless businesses. However, many eyes are watching the outcome of the Philadelphia ban and other similar laws. If the movement becomes widespread, you may face difficult decisions about this in the future.

Maybe you are perfectly comfortable accepting cash now, but technology is moving quickly and you may find yourself relying on equipment for the restaurant that is primarily cashless in the future. Or, perhaps you are already eying cashless tech in the hopes of cutting costs and improving safety.

Either way, knowing the trends around cashless nationwide can directly impact your business.

 

Get the Equipment for the Restaurant That You Need

Are you looking for additional equipment for your restaurant? From cooking equipment to smallwares, there always seems to be something you need. Fortunately, you can work with a local supplier who can help you source everything you need.

No matter what equipment for the restaurant you’re looking for right now, let us help you. Contact us today for availability and pricing!

Commercial Ice Cream Freezer: Keeping it Clean

Commercial Ice Cream Freezer: Keeping it Clean

To many, cleaning an ice cream freezer merely means pulling out all the food and allowing the appliance to defrost. Defrosting is a vital step, but it is not the only thing that needs to happen to maintain a clean freezer. To ensure optimal performance and keep your...

read more
Getting Your Commercial Kitchen Up and Running

Getting Your Commercial Kitchen Up and Running

Getting your commercial kitchen up and running. Serving Ware   If there's nothing to serve the food on, there's no restaurant. You'll need tons of cutlery, plate ware, bowls, ramekins, cups, and glasses. Consider the number of tables you can fit in your restaurant and...

read more
Safety Tips for Your Commercial Kitchen

Safety Tips for Your Commercial Kitchen

Safety tips for your commercial kitchen to keep it running smoothly and keep disease out. A well-run commercial kitchen means maintaining the utmost cleanliness and safe conditions for your food preparation. If you were to contaminate an area with Salmonella or other...

read more
Cooking Equipment You Need Today!

Cooking Equipment You Need Today!

If you've ever attempted to purchase cooking equipment for a new kitchen or tried to improve the quality of tools in your current kitchen you've found that stocking up on high-quality kitchen essentials is much more complicated than it should be. Nowadays everywhere...

read more
Cooking Equipment Disasters You Can Avoid

Cooking Equipment Disasters You Can Avoid

Cooking equipment disasters you can avoid through proper safety procedure and careful proceeding. Kitchens are the heart of the home, but they’re also home to a lot of cooking equipment that can pose safety hazards. Cooking fires top the list of things that can go...

read more
Why You Should Maintain Restaurant Supplies Religiously

Why You Should Maintain Restaurant Supplies Religiously

Excellent quality and well-functioning restaurant supplies are the backbones of a restaurant’s success. While you may be able to operate a restaurant without regular equipment maintenance in the short run, the long-term effects will add up. Decreasing equipment...

read more
What Restaurant Supplies Does Your Café Need?

What Restaurant Supplies Does Your Café Need?

What restaurant supplies does your café need? Our Pro's Do It All: Provide, Install & Maintain From soda fountains to most any frozen beverage machine, we offer a fantastic variety of beverage equipment and restaurant supplies. Tipton Equipment is one of the few...

read more
Three Benefits of Using Used Kitchen Equipment

Three Benefits of Using Used Kitchen Equipment

Three benefits of using used kitchen equipment are more straightforward than you would think. SavingsUsed kitchen equipment will save you thousands in, starting a restaurant. High restaurant failure rate leads to restaurant kitchen equipment only being in service for...

read more
How to Run a Successful Event & Party Room

How to Run a Successful Event & Party Room

Do you have a large space in your restaurant set aside for special events and parties? Does it get reserved as often as you wished?If you’re like most restaurant owners or managers, the answers are yes and no. You probably have a space – almost everyone is expected to...

read more
Types of Insurance Your Restaurant Needs

Types of Insurance Your Restaurant Needs

No one gets into the restaurant business thinking about insurance and paperwork, but it’s still an important part of doing business. Insurance helps protect you from natural disaster, theft, employee injuries, and liability. Many times you can get insurance discounts...

read more
Control COGS in Your Restaurant

Control COGS in Your Restaurant

Restaurants are known for having razor-thin margins, but you can improve your profits if you have a good handle on your costs. That doesn’t mean you have to skimp on restaurant supplies, but it does mean you can be strategic about what you spend. Do you know your cost...

read more