Why are so many businesses going cashless?

Credit and debit cards were busy this holiday season, especially since that’s the only type of payment some businesses take. But can businesses refuse to accept cash? It depends on where you spend your money.

As snow piled up outside on a chilly day, winter’s wrath was no match for the soothing warmth filling cups at Silver Fern CafĂ© and Wine Bar in northeast Minneapolis. All the customers who visited did not pay using cash.

“Most people have a second form of payment and so it hasn’t stopped them from coming in,” Julia Lisec, the general manager, said. “When we very first opened, somebody broke in and ended up stealing from us. And I think after that moment, the owner just felt it was safer to remove (cash) just as an option.”…

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