Cashless Society

JuicyJesus

I can't wait until I can do literally everything cashlessly.

sound_mind

Read somewhere that - if the cash in hand economy disappears - that means £6bn raised in tax in the UK.

So yes, I'm all for it. I hardly use cash anyway.

spadoosh

I don think so.

For the simple reason that within the last two months ive been a t a petrol station having filled up to be told that 'VISA is down'. And Im also a TSB customer.

I also like the lottery of cash. Like finding a beatrix potter 50p. Or a first run £5 note.

I cant see homeless people sitting on the streets with a card reader in hand.

I cant see the local drug dealer taking anything other than cash. And how would peopel snort cocaine?

You dont find bank cards with money on them stashed down the sofa. Or in an old pair of jeans.

You cant copper up when the more desperate times are on you.

If you lose a fiver its gone, you lose your bank card, youve got no money for a few days.

Your wallet gets stolen you lose the cash you had, your bank card gets stolen you can lose everything in the account.

Its the go to fail safe. When power goes out in a shop they can always trade manually, they cant with card.

It facilitates a second hand economy. Thigns like facebook marketplace/car boots would be less prevalent due to the cost of implementing way to facilitate transactions.

Wellard_Mann

Personally, a cashless society wouldn’t bother me. I never use cash and pay for everything with Google Pay, with a physical Visa credit card and physical debit MasterCard in my wallet in case of phone malfunction. The tradesmen I deal with all take bank transfers. I think cashless payment is a trend that will continue and accelerate but also think a totally cashless society in the UK is still a few years away yet.

EssexExile

spadoosh wrote: »

When power goes out in a shop they can always trade manually, they cant with card.

But the shops assistants can't work out the change if the electronic till isn't working!

I was in a restaurant in The States once when the card machines stopped working, they got the old slider machine & the carbon copy slips out & carried on as before.

Damper132

spadoosh wrote: »

I don think so.

For the simple reason that within the last two months ive been a t a petrol station having filled up to be told that 'VISA is down'. And Im also a TSB customer.

I also like the lottery of cash. Like finding a beatrix potter 50p. Or a first run £5 note.

I cant see homeless people sitting on the streets with a card reader in hand.

I cant see the local drug dealer taking anything other than cash. And how would peopel snort cocaine?

You dont find bank cards with money on them stashed down the sofa. Or in an old pair of jeans.

You cant copper up when the more desperate times are on you.

If you lose a fiver its gone, you lose your bank card, youve got no money for a few days.

Your wallet gets stolen you lose the cash you had, your bank card gets stolen you can lose everything in the account.

Its the go to fail safe. When power goes out in a shop they can always trade manually, they cant with card.

It facilitates a second hand economy. Thigns like facebook marketplace/car boots would be less prevalent due to the cost of implementing way to facilitate transactions.

:rotfl::rotfl::rotfl:

This post should be presented to the BoE if its ever brought up in conversation!!!!!!!!

Sapphire

I find cash indispensable, for things like markets, independent shops (which I wish to continue), antique fairs and so on. But then I tend not to buy generic rubbish much, or go to chain restaurants, or purchase packaged fruit and vegetables in supermarkets, or 'stuff' produced by large corporations, all payable online, etc.

It is possible that the Internet will crash at some point (or two) due to events beyond the individual's control. So I think cash should certainly be kept.

I'd also be deeply worried about banks (and others) potentially being able to have so much control over my life. It's a bit like sleepwalking into a dystopian world for me.

CityOwl

mrchrisbrogan wrote: »

What is everyone’s thoughts on a cashless society?

Won't be happening any time soon in my opinion.

My husband has just bought a(nother) car that was advertised on eBay and the seller wants cash, so off he went to the bank to withdraw the money today. Funny no complaints from him this time even though he hates anything to do with the finances :rotfl:

schiff

The end of betting shops and casinos?

bearcat16

Why would we surrender our entire purchasing machinery to a few very large American corporations?

Especially when they have proven to be at the beck and call of the US governments political agenda, as was demonstrated by the wikileaks case.

They were (basically) told to starve wikileaks of funds by refusing to process payments to it.

When Uncle Sam said *jump* visa, MasterCard and PayPal said *how high?*

So, what if the US government decides it doesnt like one of our policies?

Giving away control of our whole commercial machinery to a foreign power? Yeah that wont end badly, will it.