Going Cash

Cashmygiro

There is a cash group on FB and they are all batshit crazy.

booneruk

Cashmygiro said:

There is a cash group on FB and they are all crazy.

Let me guess, lots of inane spluttering, largely incoherent and definitely ill informed red faced outrage about favourites such as WEF, Bill Gates and the tracking of your every move.

Cashmygiro

booneruk said:

Cashmygiro said:

There is a cash group on FB and they are all crazy.

Let me guess, lots of inane spluttering, largely incoherent and definitely ill informed red faced outrage about favourites such as WEF, Bill Gates and the tracking of your every move.

Yep and anti vaxing

Rosa_Damascena

Cashmygiro said:

booneruk said:

Cashmygiro said:

There is a cash group on FB and they are all crazy.

Let me guess, lots of inane spluttering, largely incoherent and definitely ill informed red faced outrage about favourites such as WEF, Bill Gates and the tracking of your every move.

Yep and anti vaxing

Sticking to cash makes someone analogue, not unhinged!

IrishRose12

weenancyinAmerica said:

I think a person's age has a lot to do with the answers we are getting. Young people seem to only want a card society. Older people are afraid of a card only society. I wonder if a study has been done on how this card society affects charity giving as some of the answers sound like they don't give anything away to others. I see a card only society becoming very self-centered and lacking in empathy and it worries me.

Nothing to do with age.  I'm in my late 30's and will always use cash.  

Most people where I live are also going back to using cash, both young and old. Another 2 shops this week have put signs up in our local area stating they are only accepting cash from now on in.  

MattMattMattUK

IrishRose12 said:

weenancyinAmerica said:

I think a person's age has a lot to do with the answers we are getting. Young people seem to only want a card society. Older people are afraid of a card only society. I wonder if a study has been done on how this card society affects charity giving as some of the answers sound like they don't give anything away to others. I see a card only society becoming very self-centered and lacking in empathy and it worries me.

Nothing to do with age.  I'm in my late 30's and will always use cash.  

Most people where I live are also going back to using cash, both young and old. Another 2 shops this week have put signs up in our local area stating they are only accepting cash from now on in.  

That is the exact opposite of anywhere I go as well as the data and reports in the media. Many businesses already card only or moving to card only, hardly anyone of any age using cash anymore. I am a similar age to you, I have not used cash for four years now and in the two years before that I used less than £100 of cash. 

The data also shows that the vast majority of transactions both by volume and value are on card and that is still growing, although some people seem to have an aversion to card payments and are getting quite vocal about their demands to use cash or go elsewhere the businesses response is generally to let them go, cash is just not worth the cost or hassle. 

weenancyinAmerica

Here stores have to pay the credit card company 3% of the price to cover costs. So many places will give the discount if you use cash. The company that takes care of my swimming pool accepts Zelle payments, debit card payments, or checks. If you want to use a credit card, they tack on the extra 3% to the cost. 

leftatthetrafficlights

MattMattMattUK said:

IrishRose12 said:

weenancyinAmerica said:

I think a person's age has a lot to do with the answers we are getting. Young people seem to only want a card society. Older people are afraid of a card only society. I wonder if a study has been done on how this card society affects charity giving as some of the answers sound like they don't give anything away to others. I see a card only society becoming very self-centered and lacking in empathy and it worries me.

Nothing to do with age.  I'm in my late 30's and will always use cash.  

Most people where I live are also going back to using cash, both young and old. Another 2 shops this week have put signs up in our local area stating they are only accepting cash from now on in.  

That is the exact opposite of anywhere I go as well as the data and reports in the media. Many businesses already card only or moving to card only, hardly anyone of any age using cash anymore. I am a similar age to you, I have not used cash for four years now and in the two years before that I used less than £100 of cash. 

The data also shows that the vast majority of transactions both by volume and value are on card and that is still growing, although some people seem to have an aversion to card payments and are getting quite vocal about their demands to use cash or go elsewhere the businesses response is generally to let them go, cash is just not worth the cost or hassle. 

I've noticed many more people using cash than previously - our local tesco has a couple of cash only self-serve tills and there are regularly queues for those whereas I breeze through the card tills. My dd who is in her thirties has taken to using cash as opposed to card in the past six months or so as have the majority of her friends. Everyone will have different experiences and anecdotal evidence when it comes to this issue and are more than entitled to make a choice about their own methods of spending their money without being accused of irrationality! 

I'm confused as to why you feel that accepting cash is more costly to the retailer - I used to own a retail business and having a card machine meant I paid the bank a monthly fee plus a percentage of each transaction; cash was bagged up and deposited for free....definitely preferable for me and my profit margin! 

MattMattMattUK

leftatthetrafficlights said:

MattMattMattUK said:

IrishRose12 said:

weenancyinAmerica said:

I think a person's age has a lot to do with the answers we are getting. Young people seem to only want a card society. Older people are afraid of a card only society. I wonder if a study has been done on how this card society affects charity giving as some of the answers sound like they don't give anything away to others. I see a card only society becoming very self-centered and lacking in empathy and it worries me.

Nothing to do with age.  I'm in my late 30's and will always use cash.  

Most people where I live are also going back to using cash, both young and old. Another 2 shops this week have put signs up in our local area stating they are only accepting cash from now on in.  

That is the exact opposite of anywhere I go as well as the data and reports in the media. Many businesses already card only or moving to card only, hardly anyone of any age using cash anymore. I am a similar age to you, I have not used cash for four years now and in the two years before that I used less than £100 of cash. 

The data also shows that the vast majority of transactions both by volume and value are on card and that is still growing, although some people seem to have an aversion to card payments and are getting quite vocal about their demands to use cash or go elsewhere the businesses response is generally to let them go, cash is just not worth the cost or hassle. 

I've noticed many more people using cash than previously - our local tesco has a couple of cash only self-serve tills and there are regularly queues for those whereas I breeze through the card tills. My dd who is in her thirties has taken to using cash as opposed to card in the past six months or so as have the majority of her friends. Everyone will have different experiences and anecdotal evidence when it comes to this issue and are more than entitled to make a choice about their own methods of spending their money without being accused of irrationality! 

If people are saying that they want to be money saving, then excluding online shopping and any retail operations that do not accept cash then that is contradictory and irrational. Refusing to use digital payments for a bunch of reasons previously listed which do not make sense, such as "not being told what to do", is irrational. 

leftatthetrafficlights said:
I'm confused as to why you feel that accepting cash is more costly to the retailer - I used to own a retail business and having a card machine meant I paid the bank a monthly fee plus a percentage of each transaction; cash was bagged up and deposited for free....definitely preferable for me and my profit margin! 

Banks now charge cash handling fees, change fees, it costs employee time to cash up and visit bank branches, it increases losses (either accidental or through employee dishonesty), it increases insurance costs etc. Larger businesses will use the facilities of cash delivery and collection companies etc.

For card payments a small business will be looking at no monthly fee and around 1.2% transaction fee on a credit card, for debit cards it can be as low as 20p per transaction, large businesses will be paying less than one percent.

PollyWollyDoodle

On a very small scale, I am a treasurer of a small group. When we put on events, we now have a card machine and also sell tickets online. 

We do accept cash, and it’s a real nuisance for me. Because of the sort of account we have, I can’t pay it into the Post Office. All the local bank branches have closed, and so I have to drive 30 miles to get to a branch where I can pay it in. I much prefer the online payments. 

Also, through an organisation called Easy Fundraising, our members and supporters are able to nominate us to receive a donation every time they buy something online. It makes a significant difference to our income so I’m very grateful for online shopping.