Cash no card yes

pmduk

We're ignoring the OP. One reason for a co limiting the cash it takes is the costs involved in holding and processing cash. Whilst a company is charged a percentage of card transactions it may prove to be easier/cheaper than dealing with cash.

viv0147

Well I am amazed at some of the answers and comments I was only pointing out how things have changed! I am an old age pensioner and I prefer to save up until I can afford to buy something, and it is the first time I have ever been told there is a limit to the amount of cash we will except I found it laughable.

Evilm

pmduk wrote: »

We're ignoring the OP. One reason for a co limiting the cash it takes is the costs involved in holding and processing cash. Whilst a company is charged a percentage of card transactions it may prove to be easier/cheaper than dealing with cash.

And also the risk of forged notes getting past a cashier.

giraffe69

It is laughable to be refused the opportunity to use cash for this sort of amount. I imagine if you went to your solicitor with £350000 for a house with dirty fivers it would raise at least an eyebrow but to refuse it here is absurd.

We are getting to the point where cash is regarded with suspicion. If you use a £50 note in a supermarket the cashier looks as if it is contagious and prods and pokes it. It pleases my small mind to do the same with the change.

jackieblack

viv0147 wrote: »

Well I am amazed at some of the answers and comments I was only pointing out how things have changed! I am an old age pensioner and I prefer to save up until I can afford to buy something, and it is the first time I have ever been told there is a limit to the amount of cash we will except I found it laughable.

If you find that laughable, don't ever try to buy a sofa from DFS

MacMickster

pmduk wrote: »

We're ignoring the OP. One reason for a co limiting the cash it takes is the costs involved in holding and processing cash. Whilst a company is charged a percentage of card transactions it may prove to be easier/cheaper than dealing with cash.

A pretty silly point of view by the company. In order to "save" the cost of banking cash, they have cost themselves all of the profit that they would have made through the sale of an item with a retail price of £500.

Some people prefer to deal in cash, as it makes it easier to budget, and also to feel the pain of physically handing over cash for goods rather than simply typing a few digits into a machine. Whilst the net effect is the same, the emotional reality of spending hard-earned cash is very different.

MacMickster

jackieblack wrote: »

If you find that laughable, don't ever try to buy a sofa from DFS

Nobody who has the nous to use cash would ever want to buy a sofa from DFS (Duff Furniture Store?).

Their sale prices and interest free, easy payment "bargains" are in reality inflated prices which have an in-built, and fairly hefty, charge for the cost of that interest free credit. You can buy better quality much cheaper from stores that WILL accept cash.

jackieblack

MacMickster wrote: »

Nobody who has the nous to use cash would ever want to buy a sofa from DFS (Duff Furniture Store?).

Their sale prices and interest free, easy payment "bargains" are in reality inflated prices which have an in-built, and fairly hefty, charge for the cost of that interest free credit. You can buy better quality much cheaper from stores that WILL accept cash.

Oh, I totally agree, personally I wouldn't touch DFS with a bargepole, but it's another store that won't accept a cash purchase that the OP might not be aware of. (Although, I'm not sure that cash purchase = 'nous', necessarily in the days of cashback credit cards etc)

My husband used to be a framemaker and is a total nightmare whenever we buy new sofas, going around the shop stripping all the cushions off to feel the joints and test the rigidity of the frame

pmduk

MacMickster wrote: »

A pretty silly point of view by the company. In order to "save" the cost of banking cash, they have cost themselves all of the profit that they would have made through the sale of an item with a retail price of £500.

But just how many people insist on paying for such an item by cash these days? I suggest they're in the minority. Particularly in the group of people likely to be buying such items.

pelirocco

The security of keeping cash on the premises ,
the general faff and time taking it to the bank
The risk of dodgy notes