Restaurants across LA are accepting credit and debit cards only because cash can be a liability for businesses and consumers. However, 22% of U.S. households are unbanked, so this trend could isolate some customers.
More LA restaurants go cashless
From this Episode:
Why LA restaurants aren't accepting cash payments
Nick Montgomery says when it came time to decide whether his Echo Park restaurant would accept cash, it was a tough call. “This is a small space,” he says of...
The downside of going plastic: racking up debt
As more businesses become cashless and paperless, consumers are increasingly relying on credit and debit cards. Americans are swimming in credit card debt.