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I thought you meant Chinese takeaways....
Meanwhile in my sector cash use has dropped further in the last 12 months from 13% to 10%, really doesn't justify the costs of cash for us.
As the current older generation die off fewer people will use the stuff and I bet the main users of cheques are older. And they are pretty important. How does mine or my wife's mum pay either of us for the shopping we get? Mine can go to the PO and get cash, hers can't. Online isn't an option, neither of them can use a computer so we would have to have access to their account and that's all to much for them. Wouldn't work for me as I don't do online banking. Don't need it, I get a nice paper statement monthly. I see online stuff much like many other modern ideas. It works, it works well for some people but it isn't actually any better. So many people moan about targeted adverts based on web use. Well that will also come along for all cashless transactions and do you really want the government knowing where you spend your wages? I don't and that's my main objection to loosing cash.
I genuinely cannot remember the last time I used cash.
Cash is as one of the few reasons stopping the clowns at the Bank of England imposing negative interest rates during the last financial crisis in an attempt to get you to spend. Just think about that.
We’re all being mugged off by the powers that be. Just look at the USD-GBP chart since the seventies to see how poor we’ve become by selling each other over inflated houses and the like.
The current government seem to be carrying on the incompetence with bond yields in excess of the levels that were deemed to be ruinous under Truss and the poor now paying the price. Muppets the lot of them. Off to put my tinfoil hat on while I can still afford it
I don't use cash all that often.
I'm trying to help my 6 year old with his maths and I'm using ..... Cash.
I like the design that goes into cash.
I genuinely cannot remember the last time I used cash.
I used a fiver in a shit pub in Tamworth a couple of weeks ago, because it was in my wallet. Must have been there months, I can't remember the reason I'd have collected it. There's also 2 five Euro notes but TBF, I've less opportunity to cash those in.
Even the little bag of change I keep in the van for parking is rarely troubled these days.
Nope. There are various foreseeable scenarios where cash would be highly useful as a backup. Suppose the internet, electricity grid or banking system failed for any extended length of time.
I literally can't remember the last time I used cash. Probably euros on holiday. Otherwise never carry cash.
I very rarely use cash on the high street now. The vast majority of transactions in the UK are easier via electronic transfer of one form or another. I'm accepting of this but I do wonder how we'd get on if the systems that facilitate this stopped working. Ie cyber attack on banking infrastructure making security compromised or inoperative. If you couldn't pay for your groceries or fuel via card for a short but indeterminate period what would happen? Losing the option to fall back on cash is another loss of our independence i feel.
I realise that the vast majority of us are already completely dependent on the powers that be for most of our essential services like food supply, water, electric, health care etc so maybe it's a moot point. And I suppose unless you hold a reserve of readies at home as a matter of course, it wouldn't make much difference.
It would be lovely for VISA and MasterCard, I am sure they would be delighted.
So no.
I have finally got a Sum Up for my barber shop due to the growing demand from some customers. I'm in week 4 now and although it is early days the amount of customers choosing that option is much lower than I expected. I suspect this will slowly change in favour of card/phone over time.
We are all creatures of habit and there is a cash machine very nearby. From a personal point of view, I'm 54 and have had a wage in actual money since my paper round and still like it.
I was also getting a bit embarrassed about the 'cash only' thing. Yes, the younger me was happy to pocket some but the older me now knows that if I had put it all through and into my pension, I would be retiring at 55 (next year) not 60. The older me is also more aware of the world and the importance of paying my share.
On that subject, I also don't know many people that want 'cash' from that point of view. Most tradesmen I know prefer it paid via bank transfer, there are plenty of ways to offset tax legally and with the size of bills these days you need your money in the bank. Its no good under your mattress going down in value.
I watch a couple on Youtube called earlyretirementwanderlust and they make the point, that for them, budgeting makes more sense with cash. They are trying to live week to week on an amount and find it easier to say no to things if they look in the wallet and its nearly bare.
If I take payment with a stolen credit card , the victim is refunded by me. So I’ve lost stock and money.
Interesting, I thought the CC provider refunded it directly; didn't realise the retailer got stung. Appreciate its probably too much work for a small amount but presumably you could find out which transaction was fraudulent, check the time, check the cameras and work out who it was?
Have you (or any other of the small business owners on the thread) ever taken fake notes to the bank and had them rejected?
He’s not correct. In store the Retailer will be refunded as its a card present transaction. For card not present aka internet paying cash is somewhat challenging.
This forum is frequented by old people
I very much doubt young people would ever want to use cash
The exception being drug dealers and trades people trying to avoid paying their share of tax
Nah, ^^ this forum is generally middle aged wealthy people that don't care much for those at the fringes of society (all vocal lefties of course)
I think businesses should have to accept cash with maybe a few small exceptions. At least until poverty has been massively reduced.
All the trades I've used recently - probably years - have wanted to be paid by bank transfer, never even mentioned cash.
Personally - I rarely even carry a wallet let alone cash - just use my phone to pay for everything.
You’d be surprised on the drug dealers as a lot of operations prefer electronic as they can sit it behind a legitimate looking business (second hand cars is popular) and wash it through.
This forum is frequented by old people
I very much doubt young people would ever want to use cash
The exception being drug dealers and trades people trying to avoid paying their share of tax
Imagine if you found £5m in cash, it would be very difficult to spend it at scale without arousing suspicion.
I watch a couple on Youtube called earlyretirementwanderlust and they make the point, that for them, budgeting makes more sense with cash. They are trying to live week to week on an amount and find it easier to say no to things if they look in the wallet and its nearly bare.
A legitimate concern, probably undermined by their income coming from on-line content generation. Anyone smart enough to make money from YouTube and keep on top of that is equally capable of managing cash in an app - if you want to segregate this weeks spending money that is possible to do with some banking solutions.
my parents are not cash only - but they 100% refuse to use online banking as they don’t trust themselves not to get scammed (ironically they’ve only been scammed once in life - by a roofer paid in cash!). They do still use cards, and even contactless now.
How much of a transaction fee would you be willing to accept once cash is gone?
We already see "convenience fees" popping up when using cards to park.
I wonder if back in olden days there was a similar discussion. "Cash? I want to pay for my purchase with a goat and three chickens, not these silly bits of worthless papyrus. What will old people do?"
From a personal point of view, I'm 54 and have had a wage in actual money since my paper round and still like it.
I'm of a similar vintage and I don't think I've ever been paid in cash. It would be unthinkable, walking out of work with a couple of grand in my back pocket, I'd be shitting myself. Then what, leave it all in the house or fanny attempting to pay it into a bank which is only open three hours a week on alternate Thursdays? How am I supposed to pay bills?
I remember before I had Direct Debits set up, having to trail into town to pull out cash then to go the council offices or the post office to pay a bill. It was a right ballache. Half the time I'd forget, and Hyndburn BC had a "three strikes and we'll see you in court" policy.
I'm of a similar vintage and I don't think I've ever been paid in cash. It would be unthinkable, walking out of work with a couple of grand in my back pocket, I'd be shitting myself. Then what, leave it all in the house or fanny attempting to pay it into a bank which is only open three hours a week on alternate Thursdays? How am I supposed to pay bills?
I remember before I had Direct Debits set up, having to trail into town to pull out cash then to go the council offices or the post office to pay a bill. It was a right ballache. Half the time I'd forget, and Hyndburn BC had a "three strikes and we'll see you in court" policy.
I’m of a much younger age and don’t think I’ve ever paid a bill in a non electronic manner. Glad I don’t need to have to dedicate my time, fuel, parking fees to performing such a task that I can do in a few minutes without even leaving my bed, let alone my house.
If you're moneyed, then cashless is not a problem (for the purposes of this post this applies to those with an income that is not from a state payment) and exceeds minumum wage. Once you're into the working poor part of society (in work benefits or unwaged) the banking system is not your friend. Any transgressions of their (the bank) rules will have a detrimental effect on your ability to feed the dependents in the household.
Managing a bank account on top of running around after two/three jobs is not going to be top of those peoples' priorities and they will not have the bandwidth to cope.
Cash is better for putting in an envelope for a present than a voucher that ties that person to one shop - those vouchers sometimes have an expiry also which is a ripoff. if the voucher value cant' be spent exactly the voucher recipient misses out on their balance, or overspends which is wasteful