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Cash no card yes

What happened to the days of cash! I went this afternoon to the 3-phone shop in Swansea and I decided to buy the new iPhone 5s 16gb it’s £549 to buy, which I knew so I withdrew the cash from the bank I was then told they could only except £300 cash the rest would have to be paid via a card! Well I laughed, I haven’t got a card, I thought he was joking but no he wasn’t apparently it’s the company policy. So I went to the Carphone warehouse and bought it there cash was no problem.
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Comments

  • System
    System Posts: 178,375 Community Admin
    10,000 Posts Photogenic Name Dropper
    viv0147 wrote: »
    What happened to the days of cash! I went this afternoon to the 3-phone shop in Swansea and I decided to buy the new iPhone 5s 16gb it’s £549 to buy, which I knew so I withdrew the cash from the bank I was then told they could only except £300 cash the rest would have to be paid via a card! Well I laughed, I haven’t got a card, I thought he was joking but no he wasn’t apparently it’s the company policy. So I went to the Carphone warehouse and bought it there cash was no problem.

    It's a bit weird making such a large purchase in cash. For one thing you are missing out on the extra consumer protection using a credit card gives you.

    It's so unusual to pay for such a large purchase in cash they probably thought it was a bit dodgy.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Widelats
    Widelats Posts: 3,773 Forumite
    viv0147 wrote: »
    What happened to the days of cash! I went this afternoon to the 3-phone shop in Swansea and I decided to buy the new iPhone 5s 16gb it’s £549 to buy, which I knew so I withdrew the cash from the bank I was then told they could only except £300 cash the rest would have to be paid via a card! Well I laughed, I haven’t got a card, I thought he was joking but no he wasn’t apparently it’s the company policy. So I went to the Carphone warehouse and bought it there cash was no problem.

    Why did you not fancy the 5c? So is the 5s any good or another power hungry handset that lasts half a day if your lucky?
    Owed out = lots. :cool:
  • goater78 wrote: »
    It's a bit weird making such a large purchase in cash. For one thing you are missing out on the extra consumer protection using a credit card gives you.

    It's so unusual to pay for such a large purchase in cash they probably thought it was a bit dodgy.

    This ^^

    Buying mobile phones to resell on ebay etc is a method used by those who launder money, as they hold their value well.
  • zagfles
    zagfles Posts: 21,548 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Chutzpah Haggler
    This ^^

    Buying mobile phones to resell on ebay etc is a method used by those who launder money, as they hold their value well.
    Don't get it - how would that "launder" the money?
  • zagfles
    zagfles Posts: 21,548 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Chutzpah Haggler
    goater78 wrote: »
    It's a bit weird making such a large purchase in cash. For one thing you are missing out on the extra consumer protection using a credit card gives you.

    It's so unusual to pay for such a large purchase in cash they probably thought it was a bit dodgy.
    It's not that uncommon, lots of people who run businesses where they get paid in cash eg shops, window cleaners etc use their cash takings as their spends rather than take it to the bank.
  • zagfles wrote: »
    Don't get it - how would that "launder" the money?

    Dirty money paid to retailer - phone resold - clean money transferred to launderer. Another common purchase for this reason is gift vouchers (I have no idea if any retailers limit their purchase).
  • Azari
    Azari Posts: 4,317 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    This ^^

    Buying mobile phones to resell on ebay etc is a method used by those who launder money, as they hold their value well.

    Not sure that works.

    The idea of laundering money is that you take 'off the books' money and use it to generate 'on the books' money so you don't have to explain to interested parties how you came by said money.

    If you use it buy phones, the interested parties will simply become interested in where you got the supply of phones that generated the money.

    In order to launder money you need to use to 'add value' in some way that cannot reasonably be documented. (So that no one can demand you show documentary evidence of how you added the value.)
    There are two types of people in the world: Those that can extrapolate information.
  • System
    System Posts: 178,375 Community Admin
    10,000 Posts Photogenic Name Dropper
    zagfles wrote: »
    It's not that uncommon, lots of people who run businesses where they get paid in cash eg shops, window cleaners etc use their cash takings as their spends rather than take it to the bank.

    There's spends and there's spending £550 on an iPhone. I would suspect the vast majority of iPhone purchases are not done in cash.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Searcher
    Searcher Posts: 600 Forumite
    Widelats wrote: »
    Why did you not fancy the 5c? So is the 5s any good or another power hungry handset that lasts half a day if your lucky?


    What does that have to do with anything in the OP?
  • System
    System Posts: 178,375 Community Admin
    10,000 Posts Photogenic Name Dropper
    Searcher wrote: »
    What does that have to do with anything in the OP?

    It's obviously a question to the OP about what they think of their purchase. Although off topic it's still about the OP's item so I don't think it's worth being arsey about it!
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
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