Yokohama

๐Ÿ’ณ

Payment Methods

Overview of accepted payment methods, such as cash, credit cards, and digital payment systems like IC cards.

Sections

1. Currency in Yokohama

  • Official Currency: The official currency of Japan is the Japanese Yen (JPY, ยฅ). Banknotes are available in denominations of ยฅ1,000, ยฅ2,000 (rare), ยฅ5,000, and ยฅ10,000, while coins come in ยฅ1, ยฅ5, ยฅ10, ยฅ50, ยฅ100, and ยฅ500.
  • Currency Symbol: The yen is often represented by the symbol "ยฅ" or the abbreviation "JPY" in international contexts.

2. Cash vs. Cards

Cash (็พ้‡‘, Genkin)

  • Cash is King: While Yokohama is a modern city, cash is still widely used, especially in smaller businesses, local restaurants, street vendors, and traditional markets. Always carry some cash for convenience.
  • Where Cash is Preferred:
    • Small eateries (e.g., ramen shops, izakayas)
    • Local markets and street vendors
    • Temples, shrines, and cultural sites (for donations or small purchases)
    • Public transportation (e.g., buses, taxis without card readers)
  • ATMs: ATMs are widely available in convenience stores (7-Eleven, Lawson, FamilyMart), post offices, and banks. Many ATMs in convenience stores accept foreign cards and offer English-language options.

Credit and Debit Cards

  • Card Acceptance: Credit and debit cards (Visa, Mastercard, JCB, and American Express) are widely accepted in larger establishments, such as department stores, shopping malls, chain restaurants, and hotels.
  • Limitations: Some smaller businesses, especially family-run shops or traditional establishments, may not accept cards. Always confirm before making a purchase.
  • IC Cards: Prepaid IC cards like Suica or Pasmo, primarily used for public transportation, are also accepted at many convenience stores, vending machines, and some restaurants.

3. Currency Exchange

Where to Exchange Money

  • Banks: Major banks in Yokohama, such as MUFG, SMBC, and Mizuho, offer currency exchange services. Note that banks are typically open from 9:00 AM to 3:00 PM on weekdays and are closed on weekends and public holidays.
  • Currency Exchange Counters: Dedicated currency exchange counters are available at major train stations (e.g., Yokohama Station) and tourist areas.
  • ATMs: Many ATMs in convenience stores (e.g., 7-Eleven, Lawson) allow you to withdraw yen directly using an international debit or credit card. This is often a convenient and cost-effective option.
  • Hotels: Some high-end hotels offer currency exchange services, though rates may not be as favorable as banks or ATMs.
  • Airport: If youโ€™re arriving at Narita or Haneda Airport, you can exchange money there before heading to Yokohama. Airport exchange counters are convenient but may have slightly higher fees.

Tips for Currency Exchange

  • Exchange Rates: Check the exchange rate before exchanging money to ensure youโ€™re getting a fair deal.
  • Fees: Be aware of transaction fees, which can vary depending on the service provider.
  • Carry Small Bills: Many smaller businesses and vending machines may not accept large denominations like ยฅ10,000.

4. Digital Payment Methods

  • Mobile Payment Apps: Digital wallets like PayPay, Line Pay, and Rakuten Pay are increasingly popular in Japan. However, these are primarily used by locals and may require a Japanese bank account or phone number.
  • IC Cards (Suica/Pasmo): These rechargeable cards are primarily used for public transportation but are also accepted at many convenience stores, vending machines, and some restaurants. They are a convenient alternative to cash for small transactions.

5. Cultural Expectations and Practices

Splitting Bills

  • No Splitting at the Table: In Japan, itโ€™s uncommon to split bills at the table. Instead, the total bill is usually paid by one person, and the group settles the amount among themselves afterward.
  • Cash Registers: If you need to split the bill, inform the cashier when paying. Many establishments are accustomed to handling separate payments at the register.

Tipping

  • No Tipping Culture: Tipping is not customary in Japan, including in Yokohama. Exceptional service is considered part of the job, and leaving a tip may cause confusion or embarrassment. Instead, express your gratitude verbally with a polite "Arigatou gozaimasu" (thank you very much).
  • Service Charges: Some high-end restaurants and hotels may include a service charge (10-15%) in the bill, so tipping is unnecessary.

6. Practical Tips for Financial Transactions

  • Carry a Mix of Payment Methods: While cards are widely accepted in urban areas, always carry some cash for smaller establishments or emergencies.
  • Check for Card Acceptance: Look for signs at the entrance of shops or restaurants indicating whether credit cards are accepted. Common signs include Visa, Mastercard, or JCB logos.
  • Keep Coins Handy: Coins are frequently used for small purchases, vending machines, and public transportation. A small coin pouch can be helpful.
  • Receipts: Receipts are typically provided for all transactions. If you donโ€™t need one, you can say "Daijoubu desu" (Iโ€™m okay) to decline politely.

7. Costs and Considerations for Local Sites

  • Public Transportation: Use IC cards like Suica or Pasmo for seamless travel on trains, buses, and subways. These cards can also be used for small purchases at convenience stores.
  • Tourist Attractions: Many attractions, such as the Yokohama Landmark Tower or Cup Noodles Museum, accept both cash and cards for entry fees. However, smaller cultural sites or local events may only accept cash.
  • Shopping: Department stores and shopping malls accept cards, but smaller souvenir shops may prefer cash.

8. Emergency Financial Situations

  • Lost or Stolen Cards: If your card is lost or stolen, contact your card issuer immediately. Many international banks have 24/7 hotlines for assistance.
  • Running Out of Cash: Visit a convenience store ATM (e.g., 7-Eleven, Lawson) to withdraw cash using your international card. These ATMs are reliable and widely available.

Summary

Yokohama offers a mix of traditional and modern payment methods, with cash still playing a significant role in daily transactions. While credit cards are widely accepted in larger establishments, carrying cash is essential for smaller businesses and cultural sites. Familiarize yourself with local practices, such as no tipping and handling coins, to ensure smooth financial transactions. By preparing a mix of payment options and understanding cultural norms, youโ€™ll be well-equipped to enjoy your time in Yokohama.