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The end of cash?

I have contributed very little to this discussion, and TL;DR because tired, but...

is there a Pay For Everything in Cash Day or similar does anyone know??
 

The squeezed surroundings put GB News’s influence into perspective. On screen, it loudly questions gender policy, but due to space constraints its own toilets are gender-neutral. On screen, its pundits have campaigned for retailers to accept cash, but, upstairs, the building’s café only accepts card payments. The set-up is less media mogul, more student revolutionary living with the parents.

seems like is always the case with these culture war issues, the people making a fuss don't actually believe in it. just a useful way to rile people up and get them behind you so you can push your real agenda.
 
It’s nonsense, though. There are bank charges for banking cash, just as there are bank charges for accepting electronic payment. Neither is necessarily greater than the other — it all depends what business bank account you use. Unless they’re suggesting that they never bank any cash at all, which is a whole other kettle of hassle.
 
Maybe the costs of banking cash feel different to small businesses because they don't see it itemised per transaction.

And they ignore that they are actually shifting cost/hassle to any customer who does not habitually use cash, because customers have to spend time withdrawing cash and then carrying change around in their pockets.

Support your local customers by letting them pay in the way that works for them. Your competitors might do.
 
Cash is still very much a thing here, but there's definitely more card payments being done in recent years. Customer loyalty is a thing, they will frequent an establishment cash or card, if it's good.
 
I don't even visit our local chippy to place an order now, I order and pay online and just go to collect it. There is usually a queue of luddites ordering and paying by cash though.
 
I don't even visit our local chippy to place an order now, I order and pay online and just go to collect it. There is usually a queue of luddites ordering and paying by cash though.
I'd have thought that places lose even more to service charges, paying for online ordering systems, than they do to in-person card payment. But maybe they don't.
 
Some 17pc of 16 to 24-year-olds surveyed said cash was their preferred payment method.

In contrast, just 13pc of those aged 25 to 34-year-olds, who are mostly younger millennials, favoured cash, while only 11pc of older millennials aged 35 to 44 preferred coins and notes.
So, as people get older, they are more likely to have credit cards and bank accounts that they use exclusively. Ok, and?

Do you really expect that a 16 year old would be less likely to use cash than a 44 year old?

I’m surprised that cash use is only at 1-in-6 even amongst teenagers and only-just-above-teenagers!
 
So, as people get older, they are more likely to have credit cards and bank accounts that they use exclusively. Ok, and?

Do you really expect that a 16 year old would be less likely to use cash than a 44 year old?

I’m surprised that cash use is only at 1-in-6 even amongst teenagers and only-just-above-teenagers!

I think it was more about the 'cash stuffing' thing as a method of budgeting but you're right. It's not really a story about cash as a trendy alternative to contactless.
 
I tend to use cash in shops, apart from those self-checkouts - in my local supermarket only 1 of the 8 tills takes cash, fucked if I'm queuing longer to exercise my right to use notes there y'know.
 
My client group is predominately elderly people or people with learning difficulties or people with poor coordination skills.
In at least one or two instances I have seen carers accompanying these people to a bank to get cash out. Some really
could not cope with online stuff, cards etc. Another issue is bank branches disappearing.
 
It’s nonsense, though. There are bank charges for banking cash, just as there are bank charges for accepting electronic payment. Neither is necessarily greater than the other — it all depends what business bank account you use. Unless they’re suggesting that they never bank any cash at all, which is a whole other kettle of hassle.
or they are a sole trader using a personal current account for the business, but paying cash inot a business account attracts a fee as does withdrawls , even more so if you request float rather than just the notes in the bank counter drawer
 
I don't even visit our local chippy to place an order now, I order and pay online and just go to collect it. There is usually a queue of luddites ordering and paying by cash though.
It's not luddite to pay with cash.

As it happens, I can put some more first hand experience here. Got the dreaded "pending transactions can't leave your account" message yesterday, with payday at the end of the month. Luckily I've got bags and bags and bags of coins at home, so today I bought milk for the work fridge with £1.20 in 10p coins, and at lunch three 'yellow stickered ' reduced to clear for £6 using a mix of 50p, 20p and 10p coins. It's not "luddite". It's a safety net.
 
My client group is predominately elderly people or people with learning difficulties or people with poor coordination skills.
In at least one or two instances I have seen carers accompanying these people to a bank to get cash out. Some really
could not cope with online stuff, cards etc. Another issue is bank branches disappearing.
Presumably the people helping them do everything with tiny coins and notes could help get them a card with which they just need to touch it and do everything??

It is funny to think we will soon be explaining how people and businesses had to fiddle around getting different sized coins and notes and matching the exact amounts for everything… and now we just touch a card and it does it all instantly.
 
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