Crown and Anchor pub, Brixton Road, Brixton goes card-only

[cuppa tee]

Lots of songs reference cash money, a sign of its cultural significance notably among the poor and dispossessed....Can't imagine anyone being inspired to write a paean to their contactless card or online bank account tho'.......

 

[editor]

I'm sorry, but I'm still confused - the article doesn't agree with your view point - it doesn't propose the end of electronic currencies, nor that retailers shouldn't be e-currency only, nor cash being a compulsory method of payment in Sweden - as it points out that retailers aren't obliged to accept cash by law anyway.

Instead, it says that the state bank should deliver an online currency instead of the private banking sector.

Here's the state bank Riksbank policy and research paper summary on implementing a a state run e-krona until the point at which those using cash dwindle:
Next step – a technical solution for the e-krona

And from it's press release in 2016: "The Riksbank will continue issuing banknotes and coins as long as there is demand for them in society. It is our statutory duty and we will of course continue to live up to it"

Did I post up the links saying," Here. These articles are perfectly aligned to my viewpoint"? Why no, I did not.

 

[Gramsci]

I'm sorry, but I'm still confused - the article doesn't agree with your view point - it doesn't propose the end of electronic currencies, nor that retailers shouldn't be e-currency only, nor cash being a compulsory method of payment in Sweden - as it points out that retailers aren't obliged to accept cash by law anyway.

Instead, it says that the state bank should deliver an online currency instead of the private banking sector.

Here's the state bank Riksbank policy and research paper summary on implementing a a state run e-krona until the point at which those using cash dwindle:
Next step – a technical solution for the e-krona

And from it's press release in 2016: "The Riksbank will continue issuing banknotes and coins as long as there is demand for them in society. It is our statutory duty and we will of course continue to live up to it"

I think retailers should be law be obliged to accept cash payments. I pay for a lot of goods on the nail with cash. My fridge from Currys from example. I don't want that taken away from me.

 

[Gramsci]

I'm sorry, but I'm still confused - the article doesn't agree with your view point - it doesn't propose the end of electronic currencies, nor that retailers shouldn't be e-currency only, nor cash being a compulsory method of payment in Sweden - as it points out that retailers aren't obliged to accept cash by law anyway.

Instead, it says that the state bank should deliver an online currency instead of the private banking sector.

Here's the state bank Riksbank policy and research paper summary on implementing a a state run e-krona until the point at which those using cash dwindle:
Next step – a technical solution for the e-krona

And from it's press release in 2016: "The Riksbank will continue issuing banknotes and coins as long as there is demand for them in society. It is our statutory duty and we will of course continue to live up to it"

Are you saying you would support a move to abolish cash and replace it with government backed E currency?

Im not clear if you have actually said yes or no.

 

[Gramsci]

This thread is starting to get to be full of links. Which I'm not keen on.

Ploughed through few a few. Teuchters link had this:

This is possible in Sweden because even though cash is a legal tender, contract laws have a higher precedence than banking and payment laws here. If a store puts up a sign that it does not accept cash, then you, as a customer, have entered a contract or an agreement with that store that they don’t accept cash. But in other countries, like Denmark for instance, payment laws have higher precedence than contract laws. In those countries, if something is a legal tender, then according to the law a store must accept it. This is one of the key reasons why Sweden is more cashless than other countries — because of its legal framework.

http://knowledge.wharton.upenn.edu/article/going-cashless-can-learn-swedens-experience/

This shows that the State has role in pushing towards cashless society.

Another thing that this article states is that Swedes:

. Swedes adopt new technologies rapidly and are very open to accepting changes in the payment systems. One key reason for this is that we have a very good relationship with our government. Unlike most other countries, we trust our government and we trust our banks. This is quite unique to Sweden.

I don't think that is the case in this country. Trust is an issue here.

The researcher they interviewed was asked about pros and cons. What he says does not make me support move to cashless society:

From a research perspective, I don’t really have an opinion whether this is good or bad. This is the path that Sweden and other countries are heading towards and there is nothing we can do to revert the course. It will have different consequences; some are positive, some are negative. An advantage of a cashless society is that it will be easier to trace criminal activities and we might be able to block some of them. The disadvantage is that everyone can be traced. We will be more traced than we are today. We will lose our privacy

 

[ricbake]

I miss farthings with that nice Wren on them.

Presumably post Brexit we can switch back to pounds shillings and pence!

 

[ricbake]

Cavendish Arms Stockwell - Card only!

 

[TruXta]

Cavendish Arms Stockwell - Card only!

What kind of clientele do they serve?

 

[ricbake]

It's an open mike comedy night with a very diverse crowd - a good night

 

[TruXta]

It's an open mike comedy night with a very diverse crowd - a good night

I see you have no sympathy for the downtrodden, card-less masses of Stockwell that are being excluded

 

[jimbarkanoodle]

noticed a few places now only accepting card. All food and drink/bars, although mostly in areas like Soho.

 

[jimbarkanoodle]

It's an open mike comedy night with a very diverse crowd - a good night

Whats the prices on the beer?

 

[DietCokeGirl]

I see you have no sympathy for the downtrodden, card-less masses of Stockwell that are being excluded

To be fair, they're very accommodating to their regulars. This isn't the place to elaborate but they do make sure the local community are well served.

 

[Nanker Phelge]

noticed a few places now only accepting card. All food and drink/bars, although mostly in areas like Soho.

I was in a cafe in Peckham the other day....card only...in a cafe....(it was a bit of a posh cafe place, but all the same...)

 

[jimbarkanoodle]

I was in a cafe in Peckham the other day....card only...in a cafe....(it was a bit of a posh cafe place, but all the same...)

If you want a normal, good value, traditional cafe nestled amoungst the sea of pretentious hipster cafes at the end of Rye Lane, may i suggest you try 'Ozzies Cafe'. On a level with Sam's on Acre Lane.

 

[TruXta]

To be fair, they're very accommodating to their regulars. This isn't the place to elaborate but they do make sure the local community are well served.

That's nice to hear

 

[19sixtysix]

Presumably post Brexit we can switch back to pounds shillings and pence!

I voted remain and if we leave I'll be demanding it return of LSD just to see those stupid people trying to manage counting in twelves and scores.
We'll need to devalue the pound so I think one pound to one new old penny should be about right and we can have farthings again.

 

[Gramsci]

New York City votes to ban cashless businesses in step against discrimination

Supporters of the ban argue electronic-only payments discriminate against people who don’t have a bank account or access to credit

www.theguardian.com

New York City’s council has voted to ban cashless businesses, in what politicians said was an effort to rein in “the excesses of the digital economy” and stop discrimination against low-income residents.

The city council on Thursday almost unanimously passed legislation, which will fine retail outlets, including stores and restaurants, if they refuse to accept cash payment.

Supporters of the ban argue that electronic-only payments discriminate against low-income people, undocumented immigrants and people of color, who are less likely to have a bank account or access to credit.

Good to see that the elected representatives of the people of New York see making sure cash is accepted is important.

 

[8ball]

New York City votes to ban cashless businesses in step against discrimination

Supporters of the ban argue electronic-only payments discriminate against people who don’t have a bank account or access to credit

www.theguardian.com

Good to see that the elected representatives of the people of New York see making sure cash is accepted is important.

I have no idea how many folks in the States have no bank accounts but Amen to that.

 

[Gramsci]

I have no idea how many folks in the States have no bank accounts but Amen to that.

The article says:

2019 report

by New York City’s department of consumer and worker protection found that 11% of households in the city have no bank account, while about 22% of households are “underbanked” – meaning they use alternatives to bank accounts for some payments

.

They recognise that some people have bank account but dont want to use it for all payments.

 

[editor]

Here's one take on not going cash-free

Why should we pay cash everywhere with banknotes instead of a card ?

- I have a £50 banknote in my pocket. Going to a restaurant and paying for dinner with it. The restaurant owner then uses the note to pay for the laundry. The laundry owner then uses the note to pay the barber. The barber will then use the note for shopping. After an unlimited number of payments, it will still remain a £50, which has fulfilled its purpose to everyone who used it for payment and the bank has jumped dry from every cash payment transaction made..

- But if I come to a restaurant and pay for digitally - Card, bank fees for my payment transaction charged to the seller are 3%, so around £1.50 and so will the fee £1.50 for each further payment transaction or owner re laundry or payments of the owner of the laundry shop, or payments of the barber etc..... Therefore, after 30 transactions, the initial £50 will remain only £5 and the remaining £45 became the property of the bank thanks to all digital transactions and fees.

 

[MickiQ]

Here's one take on not going cash-free

It's a daft one there is no virtual equivalent of the £50 note whose value is reduced by multiple transactions, each transaction is unique and has no relationship to any other.

 

[teuchter]

Also have to take into account the cost (in time) to sellers in administrating physical cash transactions.

 

[jimbarkanoodle]

Hootannany is now card only, even the pool tables are activated with a debit card. I can see how this will actually help on busy nights to speed up the service, I suppose.

I overheard people talking in the Marquis of Lorne yesterday how much business they must loose from pissed people coming out of the academy who want a drink after the gig, since its cash only and the nearest cash point is a 10 minute trundle back the way they came into Brixton. The fact is most people under about 40 don't really carry cash about these days, apart from to buy drugs.

 

[editor]

Here's the far bigger problem than some pissed up blokes not being able to get a beer at Brixton's only cash-only bar:

Move to Cashless Society Will Disproportionately Affect Pensioners & the Poorest in UK

According to new research by customer advice website Which?, the nationwide trend towards cashless transactions will have a harmful effect on the most vuln...

www.moneyexpert.com

Only Half of Low-Income Households Have Access to a Credit Card. Here's Why That's a Bad Thing

It's harder for some people to qualify for a credit card. Here's why that's a bigger problem than you might think.

www.fool.com

When you pay digitally, you always leave a digital footprint, and this footprint is easily monitored by financial institutions. Understandably, consumers are uneasy about their data being harvested or tracked by big businesses.

Many people also feel that cashless spending is more difficult to control. It’s simply too easy to overspend when you’re not looking at a finite, physical sum of money in your wallet or purse, so careful budgeting becomes important.

Beyond individual consumers, the cashless society could also prove costly for small businesses.

Most credit card and mobile payments attract a up to three per cent processing charge, which will quickly eat into small profit margins, making it hard for independent shops and small-scale specialist outlets.

In an unpredictable world, there is always a concern about system vulnerability. How resilient is the technology that supports a cashless society?

A cashless society: what are the pros and cons?

Are we heading for a cashless society in the UK? The pandemic accelerated the move towards contactless and digital payments, but what are the pros and cons?

www.unbiased.co.uk

And a US perspective which raises valid points:

Say No to the “Cashless Future” — and to Cashless Stores | ACLU

www.aclu.org

 

[CH1]

Here's the far bigger problem than some pissed up blokes not being able to get a beer at Brixton's only cash-only bar:

Move to Cashless Society Will Disproportionately Affect Pensioners & the Poorest in UK

According to new research by customer advice website Which?, the nationwide trend towards cashless transactions will have a harmful effect on the most vuln...

www.moneyexpert.com

Only Half of Low-Income Households Have Access to a Credit Card. Here's Why That's a Bad Thing

It's harder for some people to qualify for a credit card. Here's why that's a bigger problem than you might think.

www.fool.com

A cashless society: what are the pros and cons?

Are we heading for a cashless society in the UK? The pandemic accelerated the move towards contactless and digital payments, but what are the pros and cons?

www.unbiased.co.uk

And a US perspective which raises valid points:

Say No to the “Cashless Future” — and to Cashless Stores | ACLU

www.aclu.org

Don't all pensioners have bank accounts these days?
I have been on pension since July 2020, but in practice I went cashless when the Covid lockdown started.
The only inconvenience I have about this is on the rare occasion I attend local churches - who don't seem to have moved with the times.
Due to inflation collections seem to be notes only these days - even in the C of E!

Maybe there is more of an argument for cash when it comes to addictive behaviour?
I mean it;s possible a hard-core drinker can be restrained by having run out of cash in their pocket where a credit card would prove a disaster.
Likewise betting machines.

 

[cuppa tee]

Here's the far bigger problem than some pissed up blokes not being able to get a beer at Brixton's only cash-only bar:

Move to Cashless Society Will Disproportionately Affect Pensioners & the Poorest in UK

According to new research by customer advice website Which?, the nationwide trend towards cashless transactions will have a harmful effect on the most vuln...

www.moneyexpert.com

Only Half of Low-Income Households Have Access to a Credit Card. Here's Why That's a Bad Thing

It's harder for some people to qualify for a credit card. Here's why that's a bigger problem than you might think.

www.fool.com

A cashless society: what are the pros and cons?

Are we heading for a cashless society in the UK? The pandemic accelerated the move towards contactless and digital payments, but what are the pros and cons?

www.unbiased.co.uk

And a US perspective which raises valid points:

Say No to the “Cashless Future” — and to Cashless Stores | ACLU

www.aclu.org

grosvenor is card only as well, and i have overspent in there a couple of times as a result
heres another perspective from a pub in swindon...not a publican so cant verify if this is true..

 

[CH1]

grosvenor is card only as well, and i have overspent in there a couple of times as a result
heres another perspective from a pub in swindon...not a publican so cant verify if this is true..


View attachment 352743

I think this notice is untrue (unless possibly the pub is a "community pub and registered charity" - and their bank offers special cheap deals to charities)
Bank charges to businesses were always very particular in accounting for BOTH cash in and cash out.
Or is the Carpenter's Arms with some poncy bank like Metro, itself teetering on the brink to retain customers?

 

[CH1]

Surely "27th November 2022 - Dulwich College Fair goes cashless" merits a mention on this thread?

Dulwich College Christmas Fair takes place this Sunday, 27th Nov 2022

The annual Dulwich College Christmas Fair will be going ahead this Sunday, 27th Nov, in the historic Barry Buildings and surrounding areas, with a KidZone in the Auditorium and Santa’s Grotto…

www.brixtonbuzz.com

 

[editor]

I think this notice is untrue (unless possibly the pub is a "community pub and registered charity" - and their bank offers special cheap deals to charities)
Bank charges to businesses were always very particular in accounting for BOTH cash in and cash out.
Or is the Carpenter's Arms with some poncy bank like Metro, itself teetering on the brink to retain customers?

Another pub has said exactly the same thing

Welsh pub urges customers to use cash to help during cost of living crisis

The Horseshoe Inn in Llangattock asked customers if they would consider paying with cash to help combat card transaction fees

www.walesonline.co.uk