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Business, Economy

“Want to Pay Cash? That’ll Cost You Extra”

“When Noa Khamallah recently tried to pay cash for popcorn and soda at Yankee Stadium, his almighty dollars struck out.

The stadium’s concession stands no longer take cash. An employee directed him to a kiosk that could convert his greenbacks into plastic. Khamallah, 41 years old, fed $200 into the reverse ATM, which subtracted a $3.50 fee and spat out a debit card with a balance of $196.50…”

https://www.wsj.com/personal-finance/paying-cash-fees-reverse-atm-744d1bd6?mod=RSSMSN

This is why you carry cash on hand so the ATM fees can be skipped. Also this trend will reverse very quickly if people decide not to shop at places that don’t accept cash.

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