Sweetgreen has Halted its Cashless Policy After Backlash

As more cities like Boston and Philly pass legislation prohibiting businesses from going cashless, formerly cashless stores are now being forced to change their policies.

Sweetgreen, which had a cashless policy in place, announced late last week that it would now be accepting cash.

Those opposed to cashless policies argue that these policies exclude a segment of the population without bank accounts or debit or credit cards.

"Some have also raised concerns about privacy and data security. Philadelphia and the state of New Jersey passed laws banning cashless stores last month, and New York, San Francisco, Chicago and Washington are considering similar bills," writes "The New York Times."

There are some exemptions to these laws, including businesses like parking garages, hotels, and rental car businesses.

Sweetgreen introduced its cashless policy in 2016 as a way to streamline the payment process for customers and employees.

But in an effort to make the transaction process faster, the fast casual salad chain "had the unintended consequence of excluding those who prefer to pay or can only pay with cash," according to a statement by the restaurant.

“Ultimately, we have realized that while being cashless has advantages, today it is not the right solution to fulfill our mission,” said sweetgreen.

Amazon, which has aggressive plans to roll out up to 3,000 of cashier-less Amazon Go stores by 2021, also made the surprise decision this month to accept cash.

Check out the recent episode of The Barron Report below to learn more about this new legislation in Philly and the impact it had on Amazon Go stores before the accepting cash.