The end of cash?

[Yuwipi Woman]

I used to get paid cash when I DJd venues. Now I have to dedicate fucking ages filling in opaque online forms from third party companies who seem to make it as hard as possible to actually get paid. It took me 6 weeks to finally get paid - and that was after two hours with the manager trying to sort out the form - and I know of one DJ who just gave up and wrote off his fee.

The cashless society benefits big business and fucks over the 'little people.'

In the US, banks even take a percentage off of EBT cards (food stamps) that people get to pay for food. Worse yet, the chip in the card can tell you can't buy certain items because its not allowed. One example is "prepared foods" like a rotisserie chicken. Rotisserie chickens are cheaper than whole chickens so it doesn't make any financial sense. Its just a way to harass poor people.

 

[UnderOpenSky]

In the US, banks even take a percentage off of EBT cards (food stamps) that people get to pay for food. Worse yet, the chip in the card can tell you can't buy certain items because its not allowed. One example is "prepared foods" like a rotisserie chicken. Rotisserie chickens are cheaper than whole chickens so it doesn't make any financial sense. Its just a way to harass poor people.

Banks charge card users to use their cards as well as the business? Or is this just for food stamps?

 

[liquidindian]

I'm sure that you're a perfectly nice person IRL, but in this convo you do consistently come across as quite uncaring.

If you like. I just think the solution is to ensure the cashless society works for everyone, because I think attempts to keep cash around forever are either doomed, or going to keep cash around in such a niche form that it's pretty much the same.

 

[Yuwipi Woman]

Banks charge card users to use their cards as well as the business? Or is this just for food stamps?

I've never seen a business charge. Its just the banks. The business is charged a fee by the bank, but they usually don't pass it on to the customer with a couple of exceptions. I've found that paying online usually means a fee. If I pay my garbage bill online, they charge an extra 3.9%. The charge for paying my tuition online amounts to about $50 a semester. Those fees seem to be increasing.

 

[UnderOpenSky]

If you like. I just think the solution is to ensure the cashless society works for everyone, because I think attempts to keep cash around forever are either doomed, or going to keep cash around in such a niche form that it's pretty much the same.

Yes, we should be focusing on how people aren't excluded rather then trying to hang on to the past.

 

[UnderOpenSky]

I've never seen a business charge. Its just the banks. The business is charged a fee by the bank, but they usually don't pass it on to the customer with a couple of exceptions. I've found that paying online usually means a fee. If I pay my garbage bill online, they charge an extra 3.9%. The charge for paying my tuition online amounts to about $50 a semester. Those fees seem to be increasing.

So they just charge people on food stamps?

 

[Yuwipi Woman]

So they just charge people on food stamps?

Yep. Poverty is a growth industry.

 

[LeytonCatLady]

I just think the solution is to ensure the cashless society works for everyone

How do we do that?

 

[UnderOpenSky]

How do we do that?

It would require some government intervention to compel banks to ensure that is available for everyone.

 

[lazythursday]

How do we do that?

Universal basic services. The right to a basic bank account. The right to internet access.

The more tricky element is the elderly / those just unable to learn a new system. And I guess for them it's guaranteeing some form of cash provision for now, but this wouldn't need to be forever.

 

[Yuwipi Woman]

Universal basic services. The right to a basic bank account. The right to internet access.

The more tricky element is the elderly / those just unable to learn a new system. And I guess for them it's guaranteeing some form of cash provision for now, but this wouldn't need to be forever.

In the US before Reagan, you could go to the post office and get a bank account there. I think you could expand postal services to serve the poor and elderly without cost to them.

 

[UnderOpenSky]

In the US before Reagan, you could go to the post office and get a bank account there. I think you could expand postal services to serve the poor and elderly without cost to them.

In the UK most people don't pay for bank accounts.

The main issue is people like the homeless for whom getting a bank account is much harder. Even if you have a terrible credit rating you can get a basic bank account.

 

[Yuwipi Woman]

In the UK most people don't pay for bank accounts.

The main issue is people like the homeless for whom getting a bank account is much harder. Even if you have a terrible credit rating you can get a basic bank account.

That's great! Bank fees in the US disproportionately hit the poor. You only get charged fees in some cases if you have a balance below $500 or $1000.

 

[Rob Ray]

I've never seen a business charge

I suspect you have, and it's part of the cost v of living crisis.

 

[Yuwipi Woman]

I suspect you have, and it's part of the cost v of living crisis.

I'm sure if the bank charges the business a fee, then they pass it along to the customer as higher prices.

 

[UnderOpenSky]

That's great! Bank fees in the US disproportionately hit the poor. You only get charged fees in some cases if you have a balanced below $500 or $1000.

Fees on bank accounts are normally for "premium" accounts.

Of course they still hit the poorer with fees for things for failed direct debits. They were forced to reduce these a few years ago, so of course they just raised the cost of over drafts.

 

[brogdale]

In the US, banks even take a percentage off of EBT cards (food stamps) that people get to pay for food. Worse yet, the chip in the card can tell you can't buy certain items because its not allowed. One example is "prepared foods" like a rotisserie chicken. Rotisserie chickens are cheaper than whole chickens so it doesn't make any financial sense. Its just a way to harass poor people.

That would be just the sort of cunt's trick that our Conservatives would try to harass those so poor that they can't afford the oven or fuel to cook a chicken.

 

[Humberto]

Besides the cost of living hike, we are seeing greater personal debt in recent years and growing precarcity in employment. Seems like power is being steadily leached from workers ever more and cashless payments could help facilitate that process and strengthen the position of creditors, alongside workers becoming used to relying on credit when they can't make ends meet.

 

[UnderOpenSky]

Besides the cost of living hike, we are seeing greater personal debt in recent years and growing precarcity in employment. Seems like power is being steadily leached from workers ever more and cashless payments could help facilitate that process and strengthen the position of creditors, alongside workers becoming used to relying on credit when they can't make ends meet.

How?

 

[brogdale]

Besides the cost of living hike, we are seeing greater personal debt in recent years and growing precarcity in employment. Seems like power is being steadily leached from workers ever more and cashless payments could help facilitate that process and strengthen the position of creditors, alongside workers becoming used to relying on credit when they can't make ends meet.

Yes, electronic debt is exactly where they want us.

 

[moochedit]

Fees on bank accounts are normally for "premium" accounts.

Of course they still hit the poorer with fees for things for failed direct debits. They were forced to reduce these a few years ago, so of course they just raised the cost of over drafts.

Some ATM's in shops charge fees for withdrawing cash but i think thats the shop rather than the bank and they have to warn you.

 

[Humberto]

How?

It narrows your options, more of a rigid arrangement.

 

[brogdale]

How do we do that?

"We" can't and 'they' won't.
Not sure why this thread has smoked out so many pro banker types?

 

[Yuwipi Woman]

Yes, electronic debt is exactly where they want us.

The rich ruleth over the poor, and the borrower is servant to the lender.

Proverbs 22:7.

 

[marty21]

Had they still been alive, my parents would never have coped. My in-laws are struggling to cope and fil is very intelligent.

My mum uses cash but also loves contactless & most of her spending is on her card , she is 81.

My dad, who died 8 years ago, was cash all the way , he never used debit cards, or credit cards , was forced to have his wages paid into a bank account (some time in the 80s) and opened a building society account, even though he had an existing joint account with mum , then got one of us to take all the money put via a cash machine (he never used those either) .

If he was still alive , he'd still be cash all the way.

Although bizarrely, not long before he died , he asked me to put a bet on for him via the Internet (the horse lost & he didn't give me the stake ffs )

 

[UnderOpenSky]

Yes, electronic debt is exactly where they want us.

But this goes much further back then a cashless society. Overdrafts and credit cards are not exactly new.

 

[liquidindian]

But this goes much further back then a cashless society. Overdrafts and credit cards are not exactly new.

Nothing more analogue than a catalogue or Brighthome store.

 

[Humberto]

But this goes much further back then a cashless society. Overdrafts and credit cards are not exactly new.

They do, but what happens if you can't get credit? Informal credit? Perhaps the neighbourhood independent shop trusts you to tide you over. Does Aldi?

 

[UnderOpenSky]

They do, but what happens if you can't get credit? Informal credit? Perhaps the neighbourhood independent shop trusts you to tide you over. Does Aldi?

I think you sit outside

 

[InArduisFouette]

Not loon at all, they're deeply strange and I even see "digital native" kids getting very confused about how it all works when they first go in to Fresh.

absolutely

scan as you shop whether using a store supplied RF gun or an app on a phone and barcode recognition software makes a lot of sense , shop at leisure pack the right thing in the right box/ bag in the right order ...

i find the whole idea of the till less stores just that step too far