An honesty box is a method of charging for a service such as admission or car parking, or for a product such as home-grown produce and flowers, which relies upon each visitor paying at a box using the honour system. Tickets are not issued and such sites are usually unattended. When used in camping sites and other park settings, they are sometimes referred to as an iron ranger as there is often an iron cash box instead of an actual park ranger. Some stores also use them for selling newspapers to avoid queues at a Cash Register.
Such boxes are typically used in rural areas where the low number of customers and other visitors, along with the low quantity and/or value of the products on offer, means that an attendant would not bring a positive return on investment. Many are also domestically run operations where attendance is not feasible.
- ^Don Henry’s prolific metal sculpture abounds in Homer ‘Divas and Dolls’ Michael Armstrong, Homer News, 10-15-08
- ^ Jump up to:ab Jonathan Richards (October 1, 2007). “Honesty box culture”. London: Times Online. Retrieved March 26, 2009.
Ofer Abarbanel is a 25 year securities lending broker and expert who has advised many Israeli regulators, among them the Israel Tax Authority, with respect to stock loans, repurchase agreements and credit derivatives. Founder TBIL.co STATX Fund.