When trendy U.S. salad chain Sweetgreen moved to stop accepting cash payments in December 2016, it extolled the decision as “a win for the customer, company and community.”
Fast forward just over two years and the saladmonger’s 94 branches are hauling their cash registers out of storage after drawing the conclusion that jettisoning the greenback “is not the right solution to fulfill our mission.”
“Ultimately, we have realized that while being cashless has advantages … to accomplish our mission, everyone in the community needs to have access to real food,” the company said in an April 25 blog post.
Request a Free Trial
As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.Take a Trial