Shops moving towards electronic payments and not taking cash
By chance, I noticed that the new Longos Pronto Eats at Yonge & Bloor in Toronto ON has listed a job opening for the store. It will be cashless. Guess that will save the store bank fees (some banks charge businesses for making cash deposits) and time spent by staff going for change and bills or arranging cash deliveries--not sure how that fact will be signed at the entrances, so visitors are aware of the need for a debit or credit card.
Quote:
Longo’s Pronto Eats is a new, smaller scale store which will be located in the path at Yonge and Bloor in Toronto and open from Monday to Sunday. Some of the features of this store include full and semi-prepared meal solutions, a Longo’s café service, be the first cashless location, offer a variety of Longo’s private label products and much more!
I'd be tempted to see if I could pay for food using Thank You Rewards points in multiples of $10, if I had say $40 worth of TYR points to redeem at that store.
The downside of electronic only payments-when the card terminals don't work (power loss or computer network issues) or say some software update messes up purchases. Then business will be down unless the TYR redemption option is still viable.