Cashless Society
Comments
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Get an account like Starling or Monzo; everytime you make a payment you get an instant notification on your mobile (even with Contactless) and you can see the up to date balance of the account at any time.
The point is I don't want one, I'm quite happy with the 'traditional' banks and a mixture of card and cash (although to be fair I haven't looked into them).
I've just been to the corner shop to buy some milk and paid cash. I wouldn't even think of using a card for that, and they have a minimum spend to use a card. I also like the idea that no one knows what or where I'm spending if I use cash!0 -
Once businesses start adopting blockchain auditing they will be even keener on encouraging people not to use cash.
Handling cash and accounting for it is expensive.0 -
Once businesses start adopting blockchain auditing they will be even keener on encouraging people not to use cash.
Handling cash and accounting for it is expensive.I came into this world with nothing and I've got most of it left.0 -
From a budgeting point of view cash can be a lot more useful. If you only have £20 in your wallet, then that's the most you can spend. Only £20 in your bank account? Using contactless payments just turned into a "will it be declined" Russian Roulette. Reminds me of my younger days when as a cash-strapped student I would avert my gaze when withdrawing cash at an ATM as I would rather be ignorant of the balance. Not a healthy way to live.
And from an ideological standpoint, I also don't like the idea of effectively surrendering my purchasing power to the state and/or financial institutions.: )0 -
Shakin_Steve wrote: »Charges for using cash instead of card sometime in the future?
Not charging extra for cash, simply refusing to take it at all.0 -
Anybody know how I would pay my window cleaner if there was no cash. Surely he can't use my internet as it has security, in fact as my son is in charge of it, my security probably has security. So would he have to use a mobile signal? Maybe by the time we are cashless we might actually have one.
Seems weird to me that we have internet speeds of at least 78 & 18 but mobile signal well one blob out of 4 on a good day. It's great though for those people who insist on having a contact number!0 -
Anybody know how I would pay my window cleaner if there was no cash. Surely he can't use my internet as it has security, in fact as my son is in charge of it, my security probably has security. So would he have to use a mobile signal? Maybe by the time we are cashless we might actually have one.
Seems weird to me that we have internet speeds of at least 78 & 18 but mobile signal well one blob out of 4 on a good day. It's great though for those people who insist on having a contact number!
Your window cleaner doesn't need any internet connection to receive payment by Bank Transfer, PayPal, etc. Like I said before if anything there are too many payment methods!.
Most people I know also arn't home during the day to see their window cleaner, bin cleaner, grass cutter etc. So it's actually easier to pay them electronically than to pay them in cash.0 -
The point is I don't want one, I'm quite happy with the 'traditional' banks and a mixture of card and cash (although to be fair I haven't looked into them).
I've just been to the corner shop to buy some milk and paid cash. I wouldn't even think of using a card for that, and they have a minimum spend to use a card. I also like the idea that no one knows what or where I'm spending if I use cash!
So the reason you arn't cashless is because you don't want to be!, you should have said that instead of making up something about Contactless Payments not coming out immediately :rotfl:0 -
Flobberchops wrote: »From a budgeting point of view cash can be a lot more useful. If you only have £20 in your wallet, then that's the most you can spend. Only £20 in your bank account? Using contactless payments just turned into a "will it be declined" Russian Roulette. Reminds me of my younger days when as a cash-strapped student I would avert my gaze when withdrawing cash at an ATM as I would rather be ignorant of the balance. Not a healthy way to live.
And from an ideological standpoint, I also don't like the idea of effectively surrendering my purchasing power to the state and/or financial institutions.
Petsonally i would say it's easier to budget by using something like a Monzo or starling account.
You can setup a standing order to transfer a weekly amount and this is your budget. This has an advantage of being able to be used online aswell as in shops.
You always know exactly how much is in there so no "Russia Roulettte" when making payments.0 -
The end of betting shops and casinos?
Although bookies take cards it holds everything up and when you have a shop of race by race punters you can't be doing cards on the off.
A lot of those that insist paying by card and give the bookie enough time to process it then whinge when told winnings must go back on the same card.:rotfl: They want cash as it takes too long to get back on the card.0
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