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.
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Counterfeiting operations throughout the 90s and 00’s focused on making fake $50 and $100 bills. There were/are so many of them in circulation that businesses started outright refusing to except large denomination bills for their own safety.
Counterfeiters would pay for small items in large bills, and in exchange would get a bunch of *clean* cash and change.
This is in part what pushed a lot of businesses to start accepting Debit Cards and Credit Cards as their primary sources of payment.
Since then large denomination bills have become common place only when doing deals were large amounts of cash are required, like drug deals.
This is also partly why businesses won’t accept $50s or $100s because a lot of that money can be drug money or stolen.
Having less large denomination bills onsite is also safer for the business because it makes them less prone to theft. Not having to make change for large bills means they can have less cash in the register.
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