Are most places in Tulum cash only?

Are most places in Tulum cash only?

In Tulum, a popular destination in Mexico’s Riviera Maya, cash is still king at many establishments. While some businesses do accept credit cards, it is common to come across places that only accept cash as a form of payment. Tulum’s cash-only trend applies not only to smaller local shops, street vendors, and markets but also to several restaurants, bars, and even some hotels. Therefore, it is highly recommended to have enough Mexican pesos on hand when visiting Tulum to ensure a smooth and hassle-free experience.

Frequently Asked Questions about Cash-Only Policy in Tulum:

1.

Why do many places in Tulum only accept cash?

The cash-only policy in Tulum is primarily due to a combination of factors. These include the prevalence of small, family-owned businesses, the desire to avoid transaction fees imposed by credit card companies, and the unreliable internet connection in some areas.

2.

Where can I exchange my currency for Mexican pesos in Tulum?

Tulum has several currency exchange establishments and banks where you can convert your currency to Mexican pesos. Additionally, many ATMs are available throughout the town, allowing you to withdraw pesos directly from your account.

3.

Is it safe to carry cash in Tulum?

While Tulum generally enjoys a reputation for safety, it’s always wise to exercise caution when carrying large amounts of cash. Use a secure money belt or pouch to store your cash and avoid flashing it in public spaces. Consider using hotel safes or lockboxes to store extra cash securely.

4.

Can I use US dollars in Tulum?

While the US dollar is widely accepted in Tulum, it is recommended to have Mexican pesos for smaller establishments and street vendors. Using dollars may result in an unfavorable exchange rate or refusal of service in some cases.

5.

Are there ATMs available in Tulum?

Yes, Tulum has several ATMs that dispense Mexican pesos. Make sure to check with your bank about any foreign transaction fees or withdrawal limits that may apply to your account.

6.

Can I pay with a credit card at hotels in Tulum?

While some hotels in Tulum accept credit cards, it is always a good idea to confirm their payment methods in advance. Cash is still widely preferred, especially in smaller boutique hotels and guesthouses.

7.

Do restaurants in Tulum accept credit cards?

While some higher-end restaurants and establishments in Tulum accept credit cards, many local eateries only accept cash. It is advisable to inquire about the payment options before dining out.

8.

Are there currency exchange services at the Tulum airport?

Yes, the Tulum airport has currency exchange services where you can convert your currency to Mexican pesos. However, it is recommended to exchange your currency in town for potentially better rates.

9.

Is there an ATM fee for withdrawing cash in Tulum?

ATM fees vary depending on your bank and the specific ATM you use in Tulum. Some ATMs may charge a withdrawal fee, while others may not. It is advisable to check with your bank to understand the fees associated with international withdrawals.

10.

Can I use traveler’s checks in Tulum?

Traveler’s checks are not commonly accepted in Tulum. It is best to rely on cash or credit cards for payment.

11.

What are the advantages of paying with cash in Tulum?

Using cash in Tulum allows you to have better control over your expenses and potentially negotiate better prices with local vendors. Additionally, some establishments may offer discounts for cash payments.

12.

What if I run out of cash in Tulum?

If you run out of cash in Tulum, there are several ATMs and currency exchange services available in the town. Additionally, some hotels and larger establishments may accept credit cards or offer cashback services. However, it is always advisable to carry enough cash as a backup.