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    • Citygirl1
    • By Citygirl1 5th Aug 18, 6:59 PM
    • 932Posts
    • 577Thanks
    Citygirl1
    Contactless Payments
    • #1
    • 5th Aug 18, 6:59 PM
    Contactless Payments 5th Aug 18 at 6:59 PM
    Hi, does anyone else use contactless payments all the time? I used to always use cash and just use my debit card for purchases over about 20 but now I'm using contactless for even a coffee and its like I'm not spending money, I'm just swiping a card and that's it.

    I feel cash is more controllable and not many people seem to use it these days.
Page 1
    • mumf
    • By mumf 5th Aug 18, 7:27 PM
    • 191 Posts
    • 667 Thanks
    mumf
    • #2
    • 5th Aug 18, 7:27 PM
    • #2
    • 5th Aug 18, 7:27 PM
    I see customers use contactless for 89p packs of bread at work.That is a concern to me. For me,cash is king.If I ain 't got it,I don't spend it.But that is me.
    • rach_k
    • By rach_k 5th Aug 18, 7:43 PM
    • 1,343 Posts
    • 2,331 Thanks
    rach_k
    • #3
    • 5th Aug 18, 7:43 PM
    • #3
    • 5th Aug 18, 7:43 PM
    I think that kind of attitude will die out. Older people grew up with 'money' usually meaning coins and notes so perhaps money that you aren't holding in your hand doesn't feel as real. Younger people grew up (or will grow up) with money being an online bank balance and a card tapped so I don't think they will have the same issues when it comes to paying with a card. Of course, there are people of all ages who will struggle to control themselves however the money is paid!

    Personally, I feel completely the opposite to the OP. All of my banking is done online and I pay for most things online or on a card, often contactless. It's always tracked because it's written on my bank statement without me having to do anything. Cash in my purse feels like spare money because once it's down as withdrawn from the bank, it doesn't appear on my statement again. I tend to fritter cash away.
    • kuratowski
    • By kuratowski 5th Aug 18, 7:55 PM
    • 61 Posts
    • 98 Thanks
    kuratowski
    • #4
    • 5th Aug 18, 7:55 PM
    • #4
    • 5th Aug 18, 7:55 PM
    If you're spending too much on coffee and snacks when out, start taking a flask into work and buy supermarket multipacks of whatever snack you fancy and take one in.

    This isn't a problem about technology, it's a problem about how you behave.
    • Citygirl1
    • By Citygirl1 5th Aug 18, 8:02 PM
    • 932 Posts
    • 577 Thanks
    Citygirl1
    • #5
    • 5th Aug 18, 8:02 PM
    • #5
    • 5th Aug 18, 8:02 PM
    I think that kind of attitude will die out. Older people grew up with 'money' usually meaning coins and notes so perhaps money that you aren't holding in your hand doesn't feel as real. Younger people grew up (or will grow up) with money being an online bank balance and a card tapped so I don't think they will have the same issues when it comes to paying with a card. Of course, there are people of all ages who will struggle to control themselves however the money is paid!

    Personally, I feel completely the opposite to the OP. All of my banking is done online and I pay for most things online or on a card, often contactless. It's always tracked because it's written on my bank statement without me having to do anything. Cash in my purse feels like spare money because once it's down as withdrawn from the bank, it doesn't appear on my statement again. I tend to fritter cash away.
    Originally posted by rach_k
    I use online banking but I still find it hard to keep up with my budget with contactless payments as they don't show straight away and I somehow find it hard to sort out my budget.
    • skogar
    • By skogar 5th Aug 18, 8:18 PM
    • 157 Posts
    • 749 Thanks
    skogar
    • #6
    • 5th Aug 18, 8:18 PM
    • #6
    • 5th Aug 18, 8:18 PM
    I agree Citygirl. I find cash a lot easier to keep track of. For day to day spending I use cash. i know how much I've taken out and it's easy to keep track of how much I've spent. I use cash for shopping at the supermarket as well but do buy my fuel using a card. I don't use contactless. each to their own.
    • LameWolf
    • By LameWolf 5th Aug 18, 8:47 PM
    • 10,905 Posts
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    LameWolf
    • #7
    • 5th Aug 18, 8:47 PM
    • #7
    • 5th Aug 18, 8:47 PM
    I won't use contactless at all. I feel it's way too easy to spend a bit here and a bit there and not keep a tight rein on it. Plus, if someone hacks your account and helps themselves to just a tenner or so, you're likely to write it off as "oh, I must've spent more on coffee/snacks/magazines/other rubbish than I'd thought". I'm told that this is what some petty criminals are now doing, just stealing a few quid at a time, and trusting that people won't bother to check on it.
    LameWolf
    If your dog thinks you're the best, don't seek a second opinion.
    • Owain Moneysaver
    • By Owain Moneysaver 5th Aug 18, 9:27 PM
    • 8,934 Posts
    • 10,348 Thanks
    Owain Moneysaver
    • #8
    • 5th Aug 18, 9:27 PM
    • #8
    • 5th Aug 18, 9:27 PM
    Yes.

    And banks and shops are happy for people to use contactless because it's been shown that people do spend more.
    A kind word lasts a minute, a skelped erse is sair for a day.
    • pigpen
    • By pigpen 5th Aug 18, 11:42 PM
    • 36,878 Posts
    • 474,591 Thanks
    pigpen
    • #9
    • 5th Aug 18, 11:42 PM
    • #9
    • 5th Aug 18, 11:42 PM
    i dont have contactless as an option. If someone 'found' my card they could use it for any number of under 30 transactions and I use my card so rarely I would not notice until I checked my bank.. mine does however show up all payment aas 'pending' within seconds of being made.. My husbands natwest account doesn't have this option.. I think contactless is a very easy way for petty criminals to steal a fair chunk of money from innocent people.


    But I will not have contactless as an option.. even though I rarely have money in my current account.. I pay it off my (non-contactless) credit card and use that where possible.. I don't carry cash either.. wtf is this plastic monopoly money? I ripped the first 5 note into 3 bits the first time I put it in my purse and have shredded 2 more since then!
    LB moment 10/06 Debt Free date 6/6/14
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    • Mr_Singleton
    • By Mr_Singleton 6th Aug 18, 5:42 PM
    • 983 Posts
    • 1,884 Thanks
    Mr_Singleton
    What an utterly bizarre thread!

    Boiling this down the dislike of contactless cards comes down to it being to easy to spend money. That has nothing to do with contactless and everything to do with the individual and lack of self-control.

    I pretty much exclusively use contactless. It!!!8217;s far more secure on your phone with a keypad lock than carrying around a card that can get skimmed. Also do I (or anyone else) want loose change rattling around in the pocket of an expensive suit?
    • pete-20-11
    • By pete-20-11 6th Aug 18, 7:10 PM
    • 199 Posts
    • 146 Thanks
    pete-20-11
    If you have a smartphone, android pay keeps a list of contactless payments, updated pretty much instantly. I presume Apple Pay does similar?
    • Robin9
    • By Robin9 6th Aug 18, 7:36 PM
    • 3,357 Posts
    • 2,186 Thanks
    Robin9
    For those of you who won't use contactless at any price and always use cash I rather think you're days are numbered. Have you tried to buy anything from a machine at a train station lately - bars of chocolate, coffees etc - the only way is contactless/credit card and cash is not an option.
    Never pay on an estimated bill
    • mumf
    • By mumf 6th Aug 18, 7:50 PM
    • 191 Posts
    • 667 Thanks
    mumf
    For those of you who won't use contactless at any price and always use cash I rather think you're days are numbered. Have you tried to buy anything from a machine at a train station lately - bars of chocolate, coffees etc - the only way is contactless/credit card and cash is not an option.
    Originally posted by Robin9
    I dont use trains...but,until cash becomes obsolete,I will use it.I reckon cash will be with us until I die at least!
    • Citygirl1
    • By Citygirl1 6th Aug 18, 8:37 PM
    • 932 Posts
    • 577 Thanks
    Citygirl1
    What an utterly bizarre thread!

    Boiling this down the dislike of contactless cards comes down to it being to easy to spend money. That has nothing to do with contactless and everything to do with the individual and lack of self-control.

    I pretty much exclusively use contactless. It!!!8217;s far more secure on your phone with a keypad lock than carrying around a card that can get skimmed. Also do I (or anyone else) want loose change rattling around in the pocket of an expensive suit?
    Originally posted by Mr_Singleton
    Why is it a bizzare thread?
    • robin58
    • By robin58 6th Aug 18, 9:05 PM
    • 2,705 Posts
    • 3,263 Thanks
    robin58
    What an utterly bizarre thread!

    Boiling this down the dislike of contactless cards comes down to it being to easy to spend money. That has nothing to do with contactless and everything to do with the individual and lack of self-control.

    I pretty much exclusively use contactless. It!!!8217;s far more secure on your phone with a keypad lock than carrying around a card that can get skimmed. Also do I (or anyone else) want loose change rattling around in the pocket of an expensive suit?
    Originally posted by Mr_Singleton
    I consider any money in any form like a dripping tap.

    Looks like you are not losing anything until you put the plug in the sink and find the sink is filling up.


    As for a phone payment. Having to buy a 600+ phone to be able to pay against a free card from the bank. I know which I'd choose and it ain't the phone,

    If you are wearing that an expensive suit you usually have lackeys to carry the money for you.
    Last edited by robin58; 06-08-2018 at 9:18 PM.
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    How little I know.!!
    • moneyistooshorttomention
    • By moneyistooshorttomention 7th Aug 18, 7:39 AM
    • 17,336 Posts
    • 48,083 Thanks
    moneyistooshorttomention
    I'll stick to cash thanks - easy to see what I've got left = just count up what's in my purse.

    I've got no choice but to use a debit card (normal "contact" type one) these days for larger purchases. However, I prefer to restrict using it for everyday purchasing to just for my supermarket bill. Certainly - anything under "around about" 10 or so and I'll use cash for it.

    I wouldnt want to have to do the amount of "checking up" on my finances that I'd have to do if I used a contactless card to pay for everything - as, on many days, I'd have several purchases to check up on. So I'd much rather think along the lines of just a couple of purchases a week made with a debit card (which I keep the receipt for and check when the monthly bank statement comes through).
    Never doubt that a small group of people can change the world. It's the only thing that ever has.

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    • buildersdaughter
    • By buildersdaughter 7th Aug 18, 9:24 AM
    • 282 Posts
    • 742 Thanks
    buildersdaughter
    I don't think it bizarre - we all share ideas about saving money, and I have found a lot of useful information on here. I am a bit of a convert to contactless - but I don't use it for very small amounts and I always take a receipt.
    We often write on here about tracking spending, and I find contactless useful.Others don't, but sharing why and how we manage is IMHO helpful.
    • bouicca21
    • By bouicca21 7th Aug 18, 9:30 AM
    • 4,085 Posts
    • 6,517 Thanks
    bouicca21
    I use contactless all the time. As a CFO I rarely spend over the 30 limit. I check my bank account regularly so I know how much is there. Budgeting is budgeting, whether it's by cash or card.
    • grunnie
    • By grunnie 7th Aug 18, 10:15 AM
    • 1,684 Posts
    • 9,925 Thanks
    grunnie
    I am an old lady and am quite a distance from an atm. I use contactless every time when shopping. I shop and the receipt goes into an envelope in my handbag. I know where every penny goes this way. Back in the day when I used cash I would take out 20 and wonder where it all went.
    You have reminded me I do need cash today as a reward for my GS who has exams results today( he is 16 and likes cash!!)
    • maman
    • By maman 7th Aug 18, 12:28 PM
    • 18,845 Posts
    • 112,530 Thanks
    maman
    What an utterly bizarre thread!

    Boiling this down the dislike of contactless cards comes down to it being to easy to spend money. That has nothing to do with contactless and everything to do with the individual and lack of self-control.

    I pretty much exclusively use contactless. It!!!8217;s far more secure on your phone with a keypad lock than carrying around a card that can get skimmed. Also do I (or anyone else) want loose change rattling around in the pocket of an expensive suit?
    Originally posted by Mr_Singleton

    Bizarre is probably not the word I'd use but the way the thread has developed I agree it's not really just about contactless.


    It could equally have been posted years ago about using credit cards or debit cards or cheques or having something 'on tick' at the corner shop.


    What all these things have in common is that for some people unless they're physically handling tangible money then they can't trust themselves not to overspend. Some people are even worse than that and will deliberately go out without a purse/card as if they've no money with them then they can't spend it.


    I'm not knocking them as they're all good mse techniques. If people didn't need them then we wouldn't have boards full of debt diaries.


    I do have some concerns about security but if you keep most of your money in savings accounts then it limits the risk.
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