Get a load of this crap: Cash Transactions Banned by Louisiana http://ackelandassociates.com/cash-transactions-banned-by-louisiana/ This summer, the State Legislature and Governor of Louisiana passed a law that bans individuals and businesses from transacting in cash if they are considered a âsecondhand dealerâ. House Bill 195 of the 2011 Regular Session (Act 389) broadly defines a secondhand dealer to include â⦠Anyone, other than a non-profit entity, who buys, sells, trades in or otherwise acquires or disposes of junk or used or secondhand property more frequently than once per month from any other person, other than a non-profit entity, shall be deemed as being in the business of a secondhand dealer. â The law then states that âA secondhand dealer shall not enter into any cash transactions in payment for the purchase of junk or used or secondhand property. Payment shall be made in the form of check, electronic transfers, or money order issued to the seller of the junk or used or secondhand propertyâ¦â The broad scope of this definition can essentially encompass everyone; from your local flea market vendors and buyers to a housewife purchasing goods on ebay or craigslist, to a group of guys trading baseball cards, they could all be considered secondhand dealers. Lawmakers in Louisiana have effectively banned its citizens from freely using United States legal tender. The law goes further to require secondhand dealers to turn over a valuable business asset, namely, their businessâ proprietary client information. For every transaction a secondhand dealer must obtain the sellerâs personal information such as their name, address, driverâs license number and the license plate number of the vehicle in which the goods were delivered. They must also make a detailed description of the item(s) purchased and submit this with the personal identification information of every transaction to the local policing authorities through electronic daily reports. If a seller cannot or refuses to produce to the secondhand dealer any of the required forms of identification, the secondhand dealer is prohibited from completing the transaction. This legislation amounts to a public taking of private property without due process or compensation. Regardless of whether or not the transaction information is connected with, or law enforcement is investigating a crime, individuals and businesses are forced to report routine business activity to the police. Can law enforcement not accomplish its goal of identifying potential thieves and locating stolen items in a far less intrusive manner? And of course, there are already laws that prohibit stealing, buying or selling stolen goods, laws that require businesses to account for transactions and laws that penalize individuals and businesses that transact in stolen property. Why does the Louisiana State Legislature need to enact more laws infringing on personal privacy, liberties and freedom? Motivating the introduction of this legislation was an increase in criminal activity, necessitating law enforcement to develop additional tools in tracking potential criminals. Thefts of copper and other precious metals have risen recently with higher commodity prices and mounting pressures from the economic downturn. The added restrictions under this recent legislation have come about under the pretense of cracking down on crime and helping the government take care of you, all at the cost of your individual privacy, economic, civil liberty and freedom. Interestingly enough, although Pawnshops are still required to obtain clients personal information and transmit their client database information to law enforcement, they are exempt from the restriction of cash payments. A jeweler next door to a pawnshop cannot offer clients the same payment method offered by its competing pawnshop neighbor. Act 389 passed by unanimous consent of the Louisiana House of Representatives and only mustered one nay vote (Senator Neil Riser) from the State Senate. The governor signed the legislation into law on July 1, 2011.
I would prefer going completely digital. South Koreans pay by smartphone. I would love to do that or by card. Whether you want to or not, it's only a matter of time.
Payment shall be made in the form of check.... ----------------------- Quick summary. People with poor credit can't pay by cc because they can't get a credit card. If you have a poor history with a bank, they will not open you a checking account. Now business, won't take cash. Some won't take checks.
Must be a new policy at Commerce. I had dinner there a couple of times this summer and they didn't mention anything.
second hand stores, used book shops, junkyards antique shops used auto parts is a very easy way for a smalltimer to launder money. I go to your flea market and pay full price without a receipt, mark it down and sell it for a fantastic profit on the books and pay taxes and voila, it is clean. Eliminate money laundries and tax revenue is reduced, since their whole thing is to pay taxes to get clean. But CC companies are big donors. Won't take cash, no credit card? no problem, work out a deal with the local tattoo parlor and get the mark of the beast tattooed on your head, be the first on your block, soon, nobody will be able to buy or sell without it.
I will accept cash, check or money orderat my retail location. Going completly digital is a sure fire way to set your self up for failure. With e-criminals manipulating the game, you could wake one morning and find the account to your bussiness wiped out. The bank won't help you the government won't help you, you are on your own. An aquaitence of mine from back in NY had his accounts hit and the bank just gave him the run around for months. His bills kept on coming, the utilities do not care, it is not their problem that a person had their accounts wiped out. People just don't give a &^% about anyone but themselves. Going all cash in not a good idea either. It opens the door to slew of easy temptations. Checks and money orders are real good because there is a paper trail. A mix of the three would work best for all businseses. This is nothing more than placing the accounting burdend on small bussinesses because the state governments are broke and under staffed. It makes it easier for the the person behind the desk to get more time by the water cooler. This happened all the time in my last work place. Upper office people would create arbitrary corperate policy so they could make time to surf the web and not be bothered with the shop floor associates. Some of the directives were complete nonsense and only were made so because one manager got in pissing contest with another. Welcome to Neo Fuedalism, Akuma
Nah man. I believe if you report it soon enough, you are only responsible for small debit card losses. But even then as a precaution, I only put grocery money on my debit card. When I need more, very simple to transfer it from another account.