My mom said she went to pay for her Starbucks with a 50 beings it’s what she had on her and the lady working said “Starbucks and Home Depot don’t accept 100s and 50s for “safety reasons”. I don’t understand what the safety issue is.
In: 0
Counterfeiters don’t bother counterfeiting low-denomination bills (ones, fives) because
(a) why bother making a fake $1 bill when you can make a fake $100 bill that’s “worth” 100 times as much.
(b) If you spend $6 on a fancypants Starbucks coffee and pay with a *counterfeit* $100 bill, you’re going to get $94 *real* dollars back. If you pay with a counterfeit $10 bill, you’re only going to get $4 real dollars back. Better to turn your fake money into $94 than $4.
All of which means that high-denomination bills (hundreds, fifties, sometimes twenties) are *far* more likely to be counterfeit than smaller denominations.
So some businesses refuse to take them to avoid the financial risk.
Latest Answers