Qwynne Remeny, left, and Emma Zeck, have breakfast at the Alpine Modern Cafe on Thursday morning. Boulder's Alpine Modern Cafe is going cashless at its two locations, potentially one of the first biz to do so in Boulder.

Alpine Modern doesn’t want your money. Well, not your cash money.

After the New Year, you’ll no longer be able to buy a breve latte with your wrinkled ones, nor will a handful of change get you a chai tea. The cafes are going cashless.

“Handling cash is kinda gross,” said Alpine Modern co-founder Lon McGowan. “It slows everything down” for customers and staff. It creates a safety risk for potential robbery. From a business perspective, “it’s an annoyance.”

Many small businesses prefer cash to avoid the standard 3 percent fees that credit card companies charge on every purchase. But McGowan believes that expense is outweighed by the time and expense his employees spend on cash: counting the drawer every day, taking it to the bank once a week, and the occasional miscount leaves the company short a few dollars.

“We’re not going to make or lose any more money,” he said. “At the end of the day, all the positives outweigh” the frustrations.

About 10 percent to 15 percent of all Alpine Modern’s transactions are cash; the rest are credit or debit.

 

[“Source-timesofindia”]