By Nico Savidge | [email protected] | Bay Area News Group June 8, 2019 at 6:05 am It’s been called the “Uber of weed,” but a competitor’s new lawsuit alleges that Eaze became the marijuana delivery giant it is today by fraudulently hiding customers’ cannabis purchases when they use credit and debit cards. The suit filed Tuesday claims payments for cannabis delivery on Eaze are routed through phony businesses to get around credit card companies’ rules against using their services to purchase pot, making it look like customers instead bought pet supplies or outdoor gear, not joints or edibles. The practice allows the San Francisco-based company to offer the option to pay with plastic, while other marijuana delivery firms are cash-only, giving Eaze an unfair advantage, the lawsuit alleges. Herban Industries — a subsidiary of the Canadian cannabis firm DionyMed, which runs the delivery service Chill — filed the civil lawsuit … [Read more...] about Marijuana delivery rival sues Eaze over credit card payments
How to accept credit card payments
New Jersey just stopped the move toward cashless commerce in the Garden State dead in its tracks.Gov. Phil Murphy on Monday signed a bill requiring most stores and restaurants to accept cash at their brick-and-mortar locations, making New Jersey only the second state to bar businesses from refusing to accept legal tender.Businesses like cashless payments for the ease of transaction, but experts say cashless businesses disenfranchise consumers who can’t access bank or credit cards. “Many people don’t have access to consumer credit and any effort by retail establishments to ban the use of cash is discriminatory towards those people,” Assemblyman Paul Moriarty, D-Gloucester, said in a statement.In fact, a national FDIC survey found 6.5 percent of all U.S. households did not have an account at a banking institution in 2017. The percentages are much higher for black households (16.9 percent) and Latino households (14 percent).The ban applies to in-person sales only. … [Read more...] about N.J. stores and restaurants must accept cash under new law banning them from requiring credit card payments
CLEVELAND, Ohio -- Ohio will become the first state to accept cryptocurrency for tax payments, beginning this week.Businesses can go to OhioCrypto.com to register to pay tax filings with Bitcoin, an online currency which is slowly gaining mainstream recognition. A business does not need to be headquartered in Ohio to pay in Bitcoin, but must operate in the state.The payment system is run through Ohio Treasurer Josh Mandel’s office. Mandel said in an interview that he’d like to see the system expanded eventually to allow individuals to pay their taxes in Bitcoin, as well as in other forms of cryptocurrency. He also said he’s confident the initiative will continue when he leaves office due to term limits at the end of the year, having discussed it with State Rep. Robert Sprague, who was elected to the treasurer’s office in November.“I believe that if Ohio wants to be a leader in the technology economy, we first have to be a leader in technology,” … [Read more...] about Ohio is the first state to accept Bitcoin tax payments
STATEN ISLAND, N.Y. -- Restaurateurs are mad as heck about credit card surcharges, and they're not going to take it anymore -- literally. Plastic is increasingly not accepted at Staten Island restaurants, bakeries and delis. Proprietors like Adam Lener of Portobello Cafe are even going so far as to adopt new strategies to ease the financial pinch of credit card fees that take a chunk of gross receipts. Lener recently posted notes around his Great Kills dining room, on the menu and in advertisements for what he calls a "cash incentive." The policy is in effect at Portobello for 90 days. "At the end, if there's an argument, I have to raise the prices 10 percent," Lener says. But what does this mean for diners? Angelo Mendola, president and CEO of Net Zero Processing Fees of Redbank, N.J., boils the process down like this: "A bill is $100 if you pay cash. If there's a credit card, they pay $103.95 and then the merchant receives $100 gross deposit the next day." Bottom line: If … [Read more...] about Restaurants, delis take a stance on credit cards: But who pays for it?
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Neil Swidey August 15, 2018 AS I PULL INTO A SUNOCO STATION on a recent Friday night, I feel as if I’ve driven right into my childhood. Despite the sign by the pump promising (and delivering) the “Lowest Gas Prices in Town,” it is a full-service station. After the friendly proprietor fills my tank, I hand him two twenties. He reaches into his chest pocket and pulls out a Tony Soprano–style wad of bills, peeling off several singles to hand me my change. No swipes, no chips, no PINs. If he had checked my oil and squeegeed my windshield (and if my two twenties had instead been a ten), I would have sworn I was a preschooler in 1973, sitting behind my dad in his Ford Falcon.The proprietor is Ed Negoshian, and the Sunoco station at the intersection of Route 9 and Elliot Street in Newton has been in his family since the 1950s. He began working there when he … [Read more...] about Put away that credit card. You need to use cash more