comment by Superbettino (U6486)
posted 1 minute ago
comment by Pierre Reedy (U1734)
posted 32 seconds ago
comment by There'sOne7-0Reds (U1721)
posted 6 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 1 minute ago
I take card payments and get charged 4.9% per transaction.
Obviously given the choice I would prefer cash.
----------------------------------------------------------------------
Yes but as stated that's the simplistic way of looking at it.
If somebody was able to show you that your money is worth more, you have fewer staff, your supplies are cheaper etc due to digitised transactions you would be saving more than 4.9%.
Also get a different provider. Square is 1.79% for contactless. I believe smartpay and sumup are even cheaper still.
----------------------------------------------------------------------
Yeah due to competition, charges will go down or be removed. Might be part of the plans to go cashless that electronic payments have to be free.
----------------------------------------------------------------------
Dream on lol
----------------------------------------------------------------------
Do you keep your cash in your tinfoil hat?
comment by There'sOne7-0Reds (U1721)
posted 1 minute ago
comment by Superbettino (U6486)
posted 1 minute ago
comment by Pierre Reedy (U1734)
posted 32 seconds ago
comment by There'sOne7-0Reds (U1721)
posted 6 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 1 minute ago
I take card payments and get charged 4.9% per transaction.
Obviously given the choice I would prefer cash.
----------------------------------------------------------------------
Yes but as stated that's the simplistic way of looking at it.
If somebody was able to show you that your money is worth more, you have fewer staff, your supplies are cheaper etc due to digitised transactions you would be saving more than 4.9%.
Also get a different provider. Square is 1.79% for contactless. I believe smartpay and sumup are even cheaper still.
----------------------------------------------------------------------
Yeah due to competition, charges will go down or be removed. Might be part of the plans to go cashless that electronic payments have to be free.
----------------------------------------------------------------------
Dream on lol
----------------------------------------------------------------------
Do you keep your cash in your tinfoil hat?
----------------------------------------------------------------------
No in the mattress
Did you resist temptation last night?
comment by Irishred (U2539)
posted 21 seconds ago
comment by There'sOne7-0Reds (U1721)
posted 1 minute ago
comment by Superbettino (U6486)
posted 1 minute ago
comment by Pierre Reedy (U1734)
posted 32 seconds ago
comment by There'sOne7-0Reds (U1721)
posted 6 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 1 minute ago
I take card payments and get charged 4.9% per transaction.
Obviously given the choice I would prefer cash.
----------------------------------------------------------------------
Yes but as stated that's the simplistic way of looking at it.
If somebody was able to show you that your money is worth more, you have fewer staff, your supplies are cheaper etc due to digitised transactions you would be saving more than 4.9%.
Also get a different provider. Square is 1.79% for contactless. I believe smartpay and sumup are even cheaper still.
----------------------------------------------------------------------
Yeah due to competition, charges will go down or be removed. Might be part of the plans to go cashless that electronic payments have to be free.
----------------------------------------------------------------------
Dream on lol
----------------------------------------------------------------------
Do you keep your cash in your tinfoil hat?
----------------------------------------------------------------------
No in the mattress
Did you resist temptation last night?
----------------------------------------------------------------------
I sure did. My number one rule, no drink when work the next morning. Surprisingly I've stuck to it 99.9% of the time for years.
comment by There'sOne7-0Reds (U1721)
posted 2 minutes ago
comment by Irishred (U2539)
posted 21 seconds ago
comment by There'sOne7-0Reds (U1721)
posted 1 minute ago
comment by Superbettino (U6486)
posted 1 minute ago
comment by Pierre Reedy (U1734)
posted 32 seconds ago
comment by There'sOne7-0Reds (U1721)
posted 6 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 1 minute ago
I take card payments and get charged 4.9% per transaction.
Obviously given the choice I would prefer cash.
----------------------------------------------------------------------
Yes but as stated that's the simplistic way of looking at it.
If somebody was able to show you that your money is worth more, you have fewer staff, your supplies are cheaper etc due to digitised transactions you would be saving more than 4.9%.
Also get a different provider. Square is 1.79% for contactless. I believe smartpay and sumup are even cheaper still.
----------------------------------------------------------------------
Yeah due to competition, charges will go down or be removed. Might be part of the plans to go cashless that electronic payments have to be free.
----------------------------------------------------------------------
Dream on lol
----------------------------------------------------------------------
Do you keep your cash in your tinfoil hat?
----------------------------------------------------------------------
No in the mattress
Did you resist temptation last night?
----------------------------------------------------------------------
I sure did. My number one rule, no drink when work the next morning. Surprisingly I've stuck to it 99.9% of the time for years.
----------------------------------------------------------------------
That sounds extremely boring. Champions league nights?? International midweek games? Nah that should be illegal.
comment by There'sOne7-0Reds (U1721)
posted 46 minutes ago
comment by HenrysCat (U3608)
posted 24 seconds ago
comment by There'sOne7-0Reds (U1721)
posted 13 hours, 35 minutes ago
comment by HenrysCat (U3608)
posted 4 hours, 30 minutes ago
comment by There'sOne7-0Reds (U1721)
posted 3 hours, 51 minutes ago
comment by HenrysCat (U3608)
posted 1 minute ago
Only thing I would say is that with every electronic transaction your money diminishes ever so slightly - ie. we're all being charged to spend money. With cash a fiver is still a fiver, no matter how many people's hands it passes though. It is a bit of a con, but doesn't trouble me too much as an individual, losing pennies every day. But from a broader perspective it irritates me that people make a very good living from doing pretty much feck all.
----------------------------------------------------------------------
"Only thing I would say is that with every electronic transaction your money diminishes ever so slightly"
Offset and more by the fact you can buy things cheaper without cash, online than you can using cash in a bricks and mortar location.
----------------------------------------------------------------------
Online, yes, maybe, but a pint in the local costs the same regardless, or paying someone to work in your house - no discount there either. In fact probably the opposite, for quite different reasons though
----------------------------------------------------------------------
I haven't done the timings and the maths since I don't own a pub but I'm sure pub owners have. For example I imagine it's possible to have fewer workers on at once if not wasting time going into the till and counting change, handing it over, after someone rummaging around their pockets for the money etc. Simple tap here, done. I'd imagine that saving is more than the miniscule amount charged for a card transaction.
----------------------------------------------------------------------
By persisting with this argument, you've kind of missed my point, tbh.
All transactions form an ongoing chain, with cash the fiver starts being worth a fiver, with cashless every transaction is attracting a charge (as I said, no matter how miniscule). As I also said, it barely registers on the individual transactions - but overall it's effectively an additional tax on simply money that cash wouldn't have attracted. This tax however is going to wealthy institutions and not the government.
As I also said, this doesn't really bother me enough personally to declare myself "cash only", but I get why some have a problem with it. THAT was my point.
----------------------------------------------------------------------
I understand your point. I was simply talking about the cost to the individual purchasing as well as the seller. In regards to the miniscule amount going to wealthy institutions well they employ people, presumably salary etc is tied into percentage of profits, like it is at the bank my wife is senior vice president at and said salaries go back into the system when people make purchases.
I really don't get this argument they peddle in an attempt to get the right wing neanderthals frothing at the prospect of cashless armageddon to control them in the first step towards Big Brother and 1984 coming true.
We need to look at all of the data, not just a simple miniscule amount that goes to the bank. It's been proven that reducing cash payments increases the GDP of a country. The UK spends £1b per year on ATM transactions, which is regressive and impacts people on lower incomes more than anybody else. There's a host of other supporting data available. Obviously it's still early in the transition and improvements need made but it's inevitable that eventually cash won't be a thing and of course to get to that point improvements in infrastructure need to be made, laws set, caps on transaction fees, protection for competitors to increase competition to avoid a monopoly etc.
In summary, the miniscule amount that goes to the bank has overall no negative impact and in fact can have a positive impact when the value of your money is higher and things are cheaper due to the ease of the transaction and the reduction in time to process it. THAT was my point.
----------------------------------------------------------------------
Ah, well, fair enough - I agree with that point. I just didn't agree with "online shopping is cheaper" and "pubs probably need less staff with cashless", which were the only two arguments I'd seen you offered so far.
"The UK spends £1b per year on ATM transactions"
What does this mean? Is this when people use the cash machines in shops, etc., that charge for withdrawals? Never understood whey people use these things.
Tbh, all I was saying from the start is that it irks me that people make a living from doing nothing other than handing money from one person to another.
comment by There'sOne7-0Reds (U1721)
posted 39 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 1 minute ago
I take card payments and get charged 4.9% per transaction.
Obviously given the choice I would prefer cash.
----------------------------------------------------------------------
Yes but as stated that's the simplistic way of looking at it.
If somebody was able to show you that your money is worth more, you have fewer staff, your supplies are cheaper etc due to digitised transactions you would be saving more than 4.9%.
Also get a different provider. Square is 1.79% for contactless. I believe smartpay and sumup are even cheaper still.
----------------------------------------------------------------------
It isn’t a simplistic way of looking at it. The swing from cash to card means I’m nearly 5% worse off than I was 3 years ago just because of the method of payment. Cash to card used to be about an 85/15% ratio, now it’s the other way round.
SumUp has a reputation for late payments and faulty readers btw.
comment by Pierre Reedy (U1734)
posted 2 hours, 31 minutes ago
comment by There'sOne7-0Reds (U1721)
posted 2 minutes ago
comment by Irishred (U2539)
posted 21 seconds ago
comment by There'sOne7-0Reds (U1721)
posted 1 minute ago
comment by Superbettino (U6486)
posted 1 minute ago
comment by Pierre Reedy (U1734)
posted 32 seconds ago
comment by There'sOne7-0Reds (U1721)
posted 6 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 1 minute ago
I take card payments and get charged 4.9% per transaction.
Obviously given the choice I would prefer cash.
----------------------------------------------------------------------
Yes but as stated that's the simplistic way of looking at it.
If somebody was able to show you that your money is worth more, you have fewer staff, your supplies are cheaper etc due to digitised transactions you would be saving more than 4.9%.
Also get a different provider. Square is 1.79% for contactless. I believe smartpay and sumup are even cheaper still.
----------------------------------------------------------------------
Yeah due to competition, charges will go down or be removed. Might be part of the plans to go cashless that electronic payments have to be free.
----------------------------------------------------------------------
Dream on lol
----------------------------------------------------------------------
Do you keep your cash in your tinfoil hat?
----------------------------------------------------------------------
No in the mattress
Did you resist temptation last night?
----------------------------------------------------------------------
I sure did. My number one rule, no drink when work the next morning. Surprisingly I've stuck to it 99.9% of the time for years.
----------------------------------------------------------------------
That sounds extremely boring. Champions league nights?? International midweek games? Nah that should be illegal.
----------------------------------------------------------------------
Yep. No drinks on those nights either. Sometimes I'd have one each half but not often. I also have a one year old that hates sleep so anything that knocks a few percent off my energy the next day and I'm useless 😆
comment by MonTT (U22775)
posted 3 hours, 14 minutes ago
remember when a cashless society was a conspiracy theory
----------------------------------------------------------------------
It wasn't a conspiracy theory, just part of a conspiracy theory. Things like cashless society, world government and the Super League are inevitable. Only a matter of time, so it's not some amazing prediction or conspiracy.
The Government would love a cashless society, they know what you spend, where and when you spend it and what you spend it on.
A gift to anyone working in marketing and there’s plenty of people/organisationsGovernment Departments willing to buy or sell that information
comment by Boris 'Inky’ Gibson (U5901)
posted 51 minutes ago
The Government would love a cashless society, they know what you spend, where and when you spend it and what you spend it on.
A gift to anyone working in marketing and there’s plenty of people/organisationsGovernment Departments willing to buy or sell that information
----------------------------------------------------------------------
Do you currently go about paying for things in cash then? Or what would change for you?
comment by Boris 'Inky’ Gibson (U5901)
posted 1 hour, 1 minute ago
The Government would love a cashless society, they know what you spend, where and when you spend it and what you spend it on.
A gift to anyone working in marketing and there’s plenty of people/organisationsGovernment Departments willing to buy or sell that information
----------------------------------------------------------------------
They probably have a better idea than I do of how much I spend on Just Eat.
I try not to think about it 😆😋
comment by Boris 'Inky’ Gibson (U5901)
posted 1 hour, 52 minutes ago
The Government would love a cashless society, they know what you spend, where and when you spend it and what you spend it on.
A gift to anyone working in marketing and there’s plenty of people/organisationsGovernment Departments willing to buy or sell that information
----------------------------------------------------------------------
Will be a travesty if the government see that I bought a loaf of bread in M&S. Hopefully they won't see me buying a cutlery set on Amazon as that would really do me in.
comment by There'sOne7-0Reds (U1721)
posted 23 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 1 hour, 52 minutes ago
The Government would love a cashless society, they know what you spend, where and when you spend it and what you spend it on.
A gift to anyone working in marketing and there’s plenty of people/organisationsGovernment Departments willing to buy or sell that information
----------------------------------------------------------------------
Will be a travesty if the government see that I bought a loaf of bread in M&S. Hopefully they won't see me buying a cutlery set on Amazon as that would really do me in.
----------------------------------------------------------------------
What next?? Direct debits? I will go and pay my bank my mortgage in cash every month at the bank. Council tax? Queuing outside the council offices mate. To pay in cash! They won't take are cash!
comment by Pierre Reedy (U1734)
posted 16 minutes ago
comment by There'sOne7-0Reds (U1721)
posted 23 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 1 hour, 52 minutes ago
The Government would love a cashless society, they know what you spend, where and when you spend it and what you spend it on.
A gift to anyone working in marketing and there’s plenty of people/organisationsGovernment Departments willing to buy or sell that information
----------------------------------------------------------------------
Will be a travesty if the government see that I bought a loaf of bread in M&S. Hopefully they won't see me buying a cutlery set on Amazon as that would really do me in.
----------------------------------------------------------------------
What next?? Direct debits? I will go and pay my bank my mortgage in cash every month at the bank. Council tax? Queuing outside the council offices mate. To pay in cash! They won't take are cash!
----------------------------------------------------------------------
😆
We took are country back and now there trying to take are cash!
comment by Boris 'Inky’ Gibson (U5901)
posted 2 hours, 54 minutes ago
The Government would love a cashless society, they know what you spend, where and when you spend it and what you spend it on.
A gift to anyone working in marketing and there’s plenty of people/organisationsGovernment Departments willing to buy or sell that information
----------------------------------------------------------------------
I'm flattered that anyone would give a shiny shiite how much I spend on bog roll and cheese.
i herd there all ready trying too cancel are queens head from are currency there saying there not going too include her on are coins any more one step toward's cancelling cash all too gether
People must get up to some dodgy stuff to be worried about that.
I'd guess anybody worried about it are:
1. Watching child pron
2. Crackpot conspiracy theorists
3. Drug dealers
4. Money launderers
5. Tax dodgers
6. Adulterers
7. Paedos
Amongst other things.
comment by There'sOne7-0Reds (U1721)
posted 1 minute ago
People must get up to some dodgy stuff to be worried about that.
I'd guess anybody worried about it are:
1. Watching child pron
2. Crackpot conspiracy theorists
3. Drug dealers
4. Money launderers
5. Tax dodgers
6. Adulterers
7. Paedos
Amongst other things.
----------------------------------------------------------------------
And that’s just the Tory party.
comment by Kobbie The King Mainoo (U10026)
posted 2 minutes ago
comment by There'sOne7-0Reds (U1721)
posted 1 minute ago
People must get up to some dodgy stuff to be worried about that.
I'd guess anybody worried about it are:
1. Watching child pron
2. Crackpot conspiracy theorists
3. Drug dealers
4. Money launderers
5. Tax dodgers
6. Adulterers
7. Paedos
Amongst other things.
----------------------------------------------------------------------
And that’s just the Tory party.
----------------------------------------------------------------------
Forgot them.
8. Tories
My ex's dad keeps a million pounds in a suitcase under his bed. He ain't gonna be happy.
I wonder what conspiracy theories they came up with when they switched from gold to paper.
There taking are gold and holding it in a bank and replacing it with worthless paper with a signature. There trying to track us with the signature. It will never last.
comment by There'sOne7-0Reds (U1721)
posted 7 minutes ago
I wonder what conspiracy theories they came up with when they switched from gold to paper.
There taking are gold and holding it in a bank and replacing it with worthless paper with a signature. There trying to track us with the signature. It will never last.
----------------------------------------------------------------------
"I promise to pay the bearer on demand" lol they'll never keep there promise do they think were stupid lol
What people don't understand is most money nowadays is already digital since everything is linked to the US Dollar as the central currency, who have more dollars than the worth of their gold. This has been the case since the 1930s when it replaced the pound. The saying cash not being worth the paper it's printed on is essentially correct. Your cash is not linked to gold reserves, it's simply linked to trust in banks, a fiat system, which is dangerous in itself as has been proven time and time again when governments decide to print more money, people then redeemed their money for gold, which was banned by the US around a century ago.
Cash or digital makes no difference in this sense, it's simply about which is easier.
A collapse on paper money was always going to happen as history repeats itself and has done for centuries in regards to money.
comment by There'sOne7-0Reds (U1721)
posted 1 hour, 20 minutes ago
People must get up to some dodgy stuff to be worried about that.
I'd guess anybody worried about it are:
1. Watching child pron
2. Crackpot conspiracy theorists
3. Drug dealers
4. Money launderers
5. Tax dodgers
6. Adulterers
7. Paedos
Amongst other things.
----------------------------------------------------------------------
Add people who go to the corner shop for a bottle of milk to that list of miscreants. Also people who buy a copy of Big Issue, subversive bustards.
Sign in if you want to comment
Don't kill cash petition
Page 6 of 7
6 | 7
posted on 5/7/23
comment by Superbettino (U6486)
posted 1 minute ago
comment by Pierre Reedy (U1734)
posted 32 seconds ago
comment by There'sOne7-0Reds (U1721)
posted 6 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 1 minute ago
I take card payments and get charged 4.9% per transaction.
Obviously given the choice I would prefer cash.
----------------------------------------------------------------------
Yes but as stated that's the simplistic way of looking at it.
If somebody was able to show you that your money is worth more, you have fewer staff, your supplies are cheaper etc due to digitised transactions you would be saving more than 4.9%.
Also get a different provider. Square is 1.79% for contactless. I believe smartpay and sumup are even cheaper still.
----------------------------------------------------------------------
Yeah due to competition, charges will go down or be removed. Might be part of the plans to go cashless that electronic payments have to be free.
----------------------------------------------------------------------
Dream on lol
----------------------------------------------------------------------
Do you keep your cash in your tinfoil hat?
posted on 5/7/23
comment by There'sOne7-0Reds (U1721)
posted 1 minute ago
comment by Superbettino (U6486)
posted 1 minute ago
comment by Pierre Reedy (U1734)
posted 32 seconds ago
comment by There'sOne7-0Reds (U1721)
posted 6 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 1 minute ago
I take card payments and get charged 4.9% per transaction.
Obviously given the choice I would prefer cash.
----------------------------------------------------------------------
Yes but as stated that's the simplistic way of looking at it.
If somebody was able to show you that your money is worth more, you have fewer staff, your supplies are cheaper etc due to digitised transactions you would be saving more than 4.9%.
Also get a different provider. Square is 1.79% for contactless. I believe smartpay and sumup are even cheaper still.
----------------------------------------------------------------------
Yeah due to competition, charges will go down or be removed. Might be part of the plans to go cashless that electronic payments have to be free.
----------------------------------------------------------------------
Dream on lol
----------------------------------------------------------------------
Do you keep your cash in your tinfoil hat?
----------------------------------------------------------------------
No in the mattress
Did you resist temptation last night?
posted on 5/7/23
comment by Irishred (U2539)
posted 21 seconds ago
comment by There'sOne7-0Reds (U1721)
posted 1 minute ago
comment by Superbettino (U6486)
posted 1 minute ago
comment by Pierre Reedy (U1734)
posted 32 seconds ago
comment by There'sOne7-0Reds (U1721)
posted 6 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 1 minute ago
I take card payments and get charged 4.9% per transaction.
Obviously given the choice I would prefer cash.
----------------------------------------------------------------------
Yes but as stated that's the simplistic way of looking at it.
If somebody was able to show you that your money is worth more, you have fewer staff, your supplies are cheaper etc due to digitised transactions you would be saving more than 4.9%.
Also get a different provider. Square is 1.79% for contactless. I believe smartpay and sumup are even cheaper still.
----------------------------------------------------------------------
Yeah due to competition, charges will go down or be removed. Might be part of the plans to go cashless that electronic payments have to be free.
----------------------------------------------------------------------
Dream on lol
----------------------------------------------------------------------
Do you keep your cash in your tinfoil hat?
----------------------------------------------------------------------
No in the mattress
Did you resist temptation last night?
----------------------------------------------------------------------
I sure did. My number one rule, no drink when work the next morning. Surprisingly I've stuck to it 99.9% of the time for years.
posted on 5/7/23
comment by There'sOne7-0Reds (U1721)
posted 2 minutes ago
comment by Irishred (U2539)
posted 21 seconds ago
comment by There'sOne7-0Reds (U1721)
posted 1 minute ago
comment by Superbettino (U6486)
posted 1 minute ago
comment by Pierre Reedy (U1734)
posted 32 seconds ago
comment by There'sOne7-0Reds (U1721)
posted 6 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 1 minute ago
I take card payments and get charged 4.9% per transaction.
Obviously given the choice I would prefer cash.
----------------------------------------------------------------------
Yes but as stated that's the simplistic way of looking at it.
If somebody was able to show you that your money is worth more, you have fewer staff, your supplies are cheaper etc due to digitised transactions you would be saving more than 4.9%.
Also get a different provider. Square is 1.79% for contactless. I believe smartpay and sumup are even cheaper still.
----------------------------------------------------------------------
Yeah due to competition, charges will go down or be removed. Might be part of the plans to go cashless that electronic payments have to be free.
----------------------------------------------------------------------
Dream on lol
----------------------------------------------------------------------
Do you keep your cash in your tinfoil hat?
----------------------------------------------------------------------
No in the mattress
Did you resist temptation last night?
----------------------------------------------------------------------
I sure did. My number one rule, no drink when work the next morning. Surprisingly I've stuck to it 99.9% of the time for years.
----------------------------------------------------------------------
That sounds extremely boring. Champions league nights?? International midweek games? Nah that should be illegal.
posted on 5/7/23
comment by There'sOne7-0Reds (U1721)
posted 46 minutes ago
comment by HenrysCat (U3608)
posted 24 seconds ago
comment by There'sOne7-0Reds (U1721)
posted 13 hours, 35 minutes ago
comment by HenrysCat (U3608)
posted 4 hours, 30 minutes ago
comment by There'sOne7-0Reds (U1721)
posted 3 hours, 51 minutes ago
comment by HenrysCat (U3608)
posted 1 minute ago
Only thing I would say is that with every electronic transaction your money diminishes ever so slightly - ie. we're all being charged to spend money. With cash a fiver is still a fiver, no matter how many people's hands it passes though. It is a bit of a con, but doesn't trouble me too much as an individual, losing pennies every day. But from a broader perspective it irritates me that people make a very good living from doing pretty much feck all.
----------------------------------------------------------------------
"Only thing I would say is that with every electronic transaction your money diminishes ever so slightly"
Offset and more by the fact you can buy things cheaper without cash, online than you can using cash in a bricks and mortar location.
----------------------------------------------------------------------
Online, yes, maybe, but a pint in the local costs the same regardless, or paying someone to work in your house - no discount there either. In fact probably the opposite, for quite different reasons though
----------------------------------------------------------------------
I haven't done the timings and the maths since I don't own a pub but I'm sure pub owners have. For example I imagine it's possible to have fewer workers on at once if not wasting time going into the till and counting change, handing it over, after someone rummaging around their pockets for the money etc. Simple tap here, done. I'd imagine that saving is more than the miniscule amount charged for a card transaction.
----------------------------------------------------------------------
By persisting with this argument, you've kind of missed my point, tbh.
All transactions form an ongoing chain, with cash the fiver starts being worth a fiver, with cashless every transaction is attracting a charge (as I said, no matter how miniscule). As I also said, it barely registers on the individual transactions - but overall it's effectively an additional tax on simply money that cash wouldn't have attracted. This tax however is going to wealthy institutions and not the government.
As I also said, this doesn't really bother me enough personally to declare myself "cash only", but I get why some have a problem with it. THAT was my point.
----------------------------------------------------------------------
I understand your point. I was simply talking about the cost to the individual purchasing as well as the seller. In regards to the miniscule amount going to wealthy institutions well they employ people, presumably salary etc is tied into percentage of profits, like it is at the bank my wife is senior vice president at and said salaries go back into the system when people make purchases.
I really don't get this argument they peddle in an attempt to get the right wing neanderthals frothing at the prospect of cashless armageddon to control them in the first step towards Big Brother and 1984 coming true.
We need to look at all of the data, not just a simple miniscule amount that goes to the bank. It's been proven that reducing cash payments increases the GDP of a country. The UK spends £1b per year on ATM transactions, which is regressive and impacts people on lower incomes more than anybody else. There's a host of other supporting data available. Obviously it's still early in the transition and improvements need made but it's inevitable that eventually cash won't be a thing and of course to get to that point improvements in infrastructure need to be made, laws set, caps on transaction fees, protection for competitors to increase competition to avoid a monopoly etc.
In summary, the miniscule amount that goes to the bank has overall no negative impact and in fact can have a positive impact when the value of your money is higher and things are cheaper due to the ease of the transaction and the reduction in time to process it. THAT was my point.
----------------------------------------------------------------------
Ah, well, fair enough - I agree with that point. I just didn't agree with "online shopping is cheaper" and "pubs probably need less staff with cashless", which were the only two arguments I'd seen you offered so far.
"The UK spends £1b per year on ATM transactions"
What does this mean? Is this when people use the cash machines in shops, etc., that charge for withdrawals? Never understood whey people use these things.
Tbh, all I was saying from the start is that it irks me that people make a living from doing nothing other than handing money from one person to another.
posted on 5/7/23
comment by There'sOne7-0Reds (U1721)
posted 39 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 1 minute ago
I take card payments and get charged 4.9% per transaction.
Obviously given the choice I would prefer cash.
----------------------------------------------------------------------
Yes but as stated that's the simplistic way of looking at it.
If somebody was able to show you that your money is worth more, you have fewer staff, your supplies are cheaper etc due to digitised transactions you would be saving more than 4.9%.
Also get a different provider. Square is 1.79% for contactless. I believe smartpay and sumup are even cheaper still.
----------------------------------------------------------------------
It isn’t a simplistic way of looking at it. The swing from cash to card means I’m nearly 5% worse off than I was 3 years ago just because of the method of payment. Cash to card used to be about an 85/15% ratio, now it’s the other way round.
SumUp has a reputation for late payments and faulty readers btw.
posted on 5/7/23
comment by Pierre Reedy (U1734)
posted 2 hours, 31 minutes ago
comment by There'sOne7-0Reds (U1721)
posted 2 minutes ago
comment by Irishred (U2539)
posted 21 seconds ago
comment by There'sOne7-0Reds (U1721)
posted 1 minute ago
comment by Superbettino (U6486)
posted 1 minute ago
comment by Pierre Reedy (U1734)
posted 32 seconds ago
comment by There'sOne7-0Reds (U1721)
posted 6 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 1 minute ago
I take card payments and get charged 4.9% per transaction.
Obviously given the choice I would prefer cash.
----------------------------------------------------------------------
Yes but as stated that's the simplistic way of looking at it.
If somebody was able to show you that your money is worth more, you have fewer staff, your supplies are cheaper etc due to digitised transactions you would be saving more than 4.9%.
Also get a different provider. Square is 1.79% for contactless. I believe smartpay and sumup are even cheaper still.
----------------------------------------------------------------------
Yeah due to competition, charges will go down or be removed. Might be part of the plans to go cashless that electronic payments have to be free.
----------------------------------------------------------------------
Dream on lol
----------------------------------------------------------------------
Do you keep your cash in your tinfoil hat?
----------------------------------------------------------------------
No in the mattress
Did you resist temptation last night?
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I sure did. My number one rule, no drink when work the next morning. Surprisingly I've stuck to it 99.9% of the time for years.
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That sounds extremely boring. Champions league nights?? International midweek games? Nah that should be illegal.
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Yep. No drinks on those nights either. Sometimes I'd have one each half but not often. I also have a one year old that hates sleep so anything that knocks a few percent off my energy the next day and I'm useless 😆
posted on 5/7/23
comment by MonTT (U22775)
posted 3 hours, 14 minutes ago
remember when a cashless society was a conspiracy theory
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It wasn't a conspiracy theory, just part of a conspiracy theory. Things like cashless society, world government and the Super League are inevitable. Only a matter of time, so it's not some amazing prediction or conspiracy.
posted on 5/7/23
The Government would love a cashless society, they know what you spend, where and when you spend it and what you spend it on.
A gift to anyone working in marketing and there’s plenty of people/organisationsGovernment Departments willing to buy or sell that information
posted on 5/7/23
comment by Boris 'Inky’ Gibson (U5901)
posted 51 minutes ago
The Government would love a cashless society, they know what you spend, where and when you spend it and what you spend it on.
A gift to anyone working in marketing and there’s plenty of people/organisationsGovernment Departments willing to buy or sell that information
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Do you currently go about paying for things in cash then? Or what would change for you?
posted on 5/7/23
comment by Boris 'Inky’ Gibson (U5901)
posted 1 hour, 1 minute ago
The Government would love a cashless society, they know what you spend, where and when you spend it and what you spend it on.
A gift to anyone working in marketing and there’s plenty of people/organisationsGovernment Departments willing to buy or sell that information
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They probably have a better idea than I do of how much I spend on Just Eat.
I try not to think about it 😆😋
posted on 5/7/23
comment by Boris 'Inky’ Gibson (U5901)
posted 1 hour, 52 minutes ago
The Government would love a cashless society, they know what you spend, where and when you spend it and what you spend it on.
A gift to anyone working in marketing and there’s plenty of people/organisationsGovernment Departments willing to buy or sell that information
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Will be a travesty if the government see that I bought a loaf of bread in M&S. Hopefully they won't see me buying a cutlery set on Amazon as that would really do me in.
posted on 5/7/23
comment by There'sOne7-0Reds (U1721)
posted 23 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 1 hour, 52 minutes ago
The Government would love a cashless society, they know what you spend, where and when you spend it and what you spend it on.
A gift to anyone working in marketing and there’s plenty of people/organisationsGovernment Departments willing to buy or sell that information
----------------------------------------------------------------------
Will be a travesty if the government see that I bought a loaf of bread in M&S. Hopefully they won't see me buying a cutlery set on Amazon as that would really do me in.
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What next?? Direct debits? I will go and pay my bank my mortgage in cash every month at the bank. Council tax? Queuing outside the council offices mate. To pay in cash! They won't take are cash!
posted on 5/7/23
comment by Pierre Reedy (U1734)
posted 16 minutes ago
comment by There'sOne7-0Reds (U1721)
posted 23 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 1 hour, 52 minutes ago
The Government would love a cashless society, they know what you spend, where and when you spend it and what you spend it on.
A gift to anyone working in marketing and there’s plenty of people/organisationsGovernment Departments willing to buy or sell that information
----------------------------------------------------------------------
Will be a travesty if the government see that I bought a loaf of bread in M&S. Hopefully they won't see me buying a cutlery set on Amazon as that would really do me in.
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What next?? Direct debits? I will go and pay my bank my mortgage in cash every month at the bank. Council tax? Queuing outside the council offices mate. To pay in cash! They won't take are cash!
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😆
posted on 5/7/23
We took are country back and now there trying to take are cash!
posted on 5/7/23
comment by Boris 'Inky’ Gibson (U5901)
posted 2 hours, 54 minutes ago
The Government would love a cashless society, they know what you spend, where and when you spend it and what you spend it on.
A gift to anyone working in marketing and there’s plenty of people/organisationsGovernment Departments willing to buy or sell that information
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I'm flattered that anyone would give a shiny shiite how much I spend on bog roll and cheese.
posted on 5/7/23
i herd there all ready trying too cancel are queens head from are currency there saying there not going too include her on are coins any more one step toward's cancelling cash all too gether
posted on 5/7/23
People must get up to some dodgy stuff to be worried about that.
I'd guess anybody worried about it are:
1. Watching child pron
2. Crackpot conspiracy theorists
3. Drug dealers
4. Money launderers
5. Tax dodgers
6. Adulterers
7. Paedos
Amongst other things.
posted on 5/7/23
comment by There'sOne7-0Reds (U1721)
posted 1 minute ago
People must get up to some dodgy stuff to be worried about that.
I'd guess anybody worried about it are:
1. Watching child pron
2. Crackpot conspiracy theorists
3. Drug dealers
4. Money launderers
5. Tax dodgers
6. Adulterers
7. Paedos
Amongst other things.
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And that’s just the Tory party.
posted on 5/7/23
comment by Kobbie The King Mainoo (U10026)
posted 2 minutes ago
comment by There'sOne7-0Reds (U1721)
posted 1 minute ago
People must get up to some dodgy stuff to be worried about that.
I'd guess anybody worried about it are:
1. Watching child pron
2. Crackpot conspiracy theorists
3. Drug dealers
4. Money launderers
5. Tax dodgers
6. Adulterers
7. Paedos
Amongst other things.
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And that’s just the Tory party.
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Forgot them.
8. Tories
posted on 5/7/23
My ex's dad keeps a million pounds in a suitcase under his bed. He ain't gonna be happy.
posted on 5/7/23
I wonder what conspiracy theories they came up with when they switched from gold to paper.
There taking are gold and holding it in a bank and replacing it with worthless paper with a signature. There trying to track us with the signature. It will never last.
posted on 5/7/23
comment by There'sOne7-0Reds (U1721)
posted 7 minutes ago
I wonder what conspiracy theories they came up with when they switched from gold to paper.
There taking are gold and holding it in a bank and replacing it with worthless paper with a signature. There trying to track us with the signature. It will never last.
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"I promise to pay the bearer on demand" lol they'll never keep there promise do they think were stupid lol
posted on 5/7/23
What people don't understand is most money nowadays is already digital since everything is linked to the US Dollar as the central currency, who have more dollars than the worth of their gold. This has been the case since the 1930s when it replaced the pound. The saying cash not being worth the paper it's printed on is essentially correct. Your cash is not linked to gold reserves, it's simply linked to trust in banks, a fiat system, which is dangerous in itself as has been proven time and time again when governments decide to print more money, people then redeemed their money for gold, which was banned by the US around a century ago.
Cash or digital makes no difference in this sense, it's simply about which is easier.
A collapse on paper money was always going to happen as history repeats itself and has done for centuries in regards to money.
posted on 5/7/23
comment by There'sOne7-0Reds (U1721)
posted 1 hour, 20 minutes ago
People must get up to some dodgy stuff to be worried about that.
I'd guess anybody worried about it are:
1. Watching child pron
2. Crackpot conspiracy theorists
3. Drug dealers
4. Money launderers
5. Tax dodgers
6. Adulterers
7. Paedos
Amongst other things.
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Add people who go to the corner shop for a bottle of milk to that list of miscreants. Also people who buy a copy of Big Issue, subversive bustards.
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