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Businesses that are "cash only"

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Comments

  • Registered Users, Registered Users 2 Posts: 75,476 ✭✭✭✭L1011


    He did read your post, and pointed out that is not the normal setup in Ireland. Where did you find a machine setup as such?



  • Registered Users, Registered Users 2 Posts: 10,458 ✭✭✭✭pgj2015


    The self service checkout machines only take so many coins, then they stop working, have seen it before with people trying to feed them with loads of copper coins.



  • Registered Users, Registered Users 2 Posts: 13,029 ✭✭✭✭Jim_Hodge


    And as I said…there are no such machines within 20km of me. You've hit lucky but it's far from the norm.



  • Registered Users, Registered Users 2, Paid Member Posts: 3,676 ✭✭✭Cyclingtourist


    Nice girl at the info desk in Dunnes ILAC centre weighted my bag of 20 cent pieces and 'bought' it off me.



  • Registered Users, Registered Users 2 Posts: 13,029 ✭✭✭✭Jim_Hodge


    The point is that those machines are not usual nor the norm. You seem determined to get the last, yet inaccurate, word in so fire away. 😴



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  • Registered Users, Registered Users 2 Posts: 269 ✭✭CrazyEric


    My brother in law had a bucket or two with change going back years, probably a couple of grand. He counted some and bagged it and was going to bring it to the local bank. I suggested he approach his friend who owns a pub (where most of it came from) and the friend was delighted to convert it as the bank charges a fee for bags of coin when the pub needs them.



  • Registered Users, Registered Users 2 Posts: 4,051 ✭✭✭Kaisr Sose


    That's a very unique and incorrect twist on this thread. 1st, and most importantly, it's not about the 80's, it's about now. 2nd, in this age of simple and cost effective cashless payment, most businesses that are cash only, and not issuing a receipt are doing so to under-declare income and avoid paying tax.

    Re your bar example. Thats not the same. There is nothing preventing or wrong with a business accepting cash, provided of course, they log the transaction, and issue a receipt.



  • Registered Users, Registered Users 2 Posts: 4,051 ✭✭✭Kaisr Sose




  • Registered Users, Registered Users 2 Posts: 4,144 ✭✭✭Pauliedragon


    This. Banks charge for getting change too. I'd say my local publican would be delighted if I went in with coins bagged up and he's give me the cash. It's not a massive pub but he'd take a few hundred I'd say.

    As an aside I asked him a while back if he'd prefer cash or card payments he said card all day long. Having said that his safe was fleeced in the middle of the night a couple of years ago so he probably doesn't want any cash sitting in the place overnight.



  • Registered Users, Registered Users 2 Posts: 651 ✭✭✭New Scottman




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  • Registered Users, Registered Users 2 Posts: 218 ✭✭turbostan


    No, that's not what you said, and I too have never seen one that doesn't charge 10 or 12% on the total counted..

    Where exactly is this unicorn? 🤔



  • Registered Users, Registered Users 2 Posts: 13,029 ✭✭✭✭Jim_Hodge


    He was a WUM troll. Now banned.



  • Registered Users, Registered Users 2 Posts: 1,725 ✭✭✭Benedict XVI


    I don't buy the argument that businesses are losing out on much business by not offering card payments.

    At this stage, almost 6 years after card use exploded with COVID, any business still doing cash only is fully aware how much or otherwise it's costing them in lost business to stay cash only



  • Registered Users, Registered Users 2 Posts: 1,648 ✭✭✭El Tarangu


    This reflects my feelings on the matter - like I would easily put aside any moral qualms about tax evasion if a tradesman gave me a cash price that saved me a few hundred quid. But if I go into a shop and they only accept cash, and I'm supposed to go around wearing out shoe leather to find an ATM to facilitate their tax evasion, I'm not arsed

    Post edited by El Tarangu on


  • Registered Users, Registered Users 2 Posts: 1,648 ✭✭✭El Tarangu


    Many have gone cash only due to the preference of younger customers to use card only.

    this statement makes zero sense from a business perspective. Choosing a payment method that your customers find inconvenient only makes sense if you are doing so in order to fiddle on your taxes

    And this anecdote about local businesses wandering around asking local sports teams if they needed cash sounds like a really inefficient way of doing business - there is no way that is costs less than just paying the card fees. Unless, of course, it's just a fairy tale that people tell when they want to under-declare their income.

    It's funny all the posts on thread saying: "sure the card companies charge you 4%!!", and then the other posts responding: "lol, no they don't, I ran a business and it was only 1%"

    People should just admit they don't want fancy paying the taxes, it's a perfectly normal impulse…



  • Registered Users, Registered Users 2 Posts: 4,252 ✭✭✭Greyfox




  • Registered Users, Registered Users 2, Paid Member Posts: 22,093 ✭✭✭✭Bass Reeves


    The Sports clubs BORROW the coin counting machine AFTER a fundraiser to count the coins that come in as part of a fundraiser. We used to do a fun day at the local club, we also did bag packs at a Supermarket after Christmas. We borrowed the coin counter to to bag the coins. The local pubs got first dibs as it cost to lodge them.

    The reason most of these businesses may go cash only as its probably the only way they can stay in business. There turnover is inadequate for them to survive and modern society where younger people tend towards being cashless forces them to go that direction. I do not get hung up on it, there are much bigger legitimate tax fiddles that go on.

    Just another anecdote as you put it. 10+ years ago a tradespersons week on the building site was 5X8 hours days and a shift on Saturday that was 8-2 for which they got a full days pay. Nowadays say a trades person gets about 1150 a week for a 40 hour week, none will do a Saturday shift because they are into the highest tax band which means they would end up taking home 115 euro for the Saturday shift. So if they work Saturday they do what is referred to as a Tommer where they work for cash.

    The reasons businesses go cash only are a bit more than just avoiding tax. Most are in smaller towns and villages. Turnover is small, its probably not worth there effort to remain open if everything was legitimate.

    If your turnover and profits are big enough you can game the system or if you are in a business area where you get enough of cash and card payments that allow you to divert income elsewhere.

    Just becase a shop or restaurant take card payment is not an indication that they are not avoiding or evading tax.

    I never get hung up about issues like that, if it becomes too much of an issue revenue will audit....after all there is posters on here that consider if you do anything to evade tax that revenue will definitely audit you and collect that tax. So obviously revenue will catch up with all these Turkish barbers, Chinese takeaways, Kebab shops and all other takeaways that take cash and do not put it through there accounts.....if it happens.

    There is much bigger legitimate and not so much legitimate as well as other evasion and avoidance methods within the tax system.

    Slava Ukrainii



  • Moderators, Category Moderators, Arts Moderators, Sports Moderators, Paid Member Posts: 55,561 CMod ✭✭✭✭magicbastarder


    maybe i should have been clearer. i don't buy the argument that the economics of refusing cash - based on not having to pay card commission - is why most businesses will refuse them.



  • Registered Users, Registered Users 2 Posts: 1,714 ✭✭✭con___manx1


    How would a cash be worthless in a world war situation? It would be the only form of payment. Bullets and bombes going off. It would be hard to charge the phone with no electric and make a payment on revelout.

    If I wanted to buy a snickers in the trenches I could just pay my 2 euro and eat it before I eat a bullet.



  • Registered Users, Registered Users 2 Posts: 8,460 ✭✭✭Floppybits


    Having been caught up the Ulster Bank systems crash a good few years was a lesson learned. Always have cash.

    Cash is still legal tender by all rights every establishment should have both options available to customers whether they like it or not. A lot of old people don't like using the card as they like to keep track of what they are spending and cash is best way of doing that.



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  • Registered Users, Registered Users 2, Paid Member Posts: 3,676 ✭✭✭Cyclingtourist


    It might surprise you to know that some small businesses don't want more customers than they already have. There's one in my family, doesn't need the money but just does it to get out of the house, feel useful doing something he enjoys without pressure and to meet the locals who appreciate him providing a local service at a reasonable price.



  • Registered Users, Registered Users 2 Posts: 1,991 ✭✭✭JayRoc


    Well that's bollocks. I've been in two of them today



  • Registered Users, Registered Users 2 Posts: 1,280 ✭✭✭bog master


    I know of a person with Starlink, speeds???? Equipment purchase in late 2023 was €514 and now paying €48.52 per month.



  • Registered Users, Registered Users 2 Posts: 4,051 ✭✭✭Kaisr Sose




  • Registered Users, Registered Users 2 Posts: 1,550 ✭✭✭csirl


    Some cash businesses pay much more tax than they are obliged to by tax law.

    Think about a cash business where maybe only 20% of the income declared comes from their genuine trading turnover.



  • Registered Users, Registered Users 2 Posts: 33,115 ✭✭✭✭freshpopcorn


    How much cash do you think people should keep at home tough?

    For example Julie is 80 she lives alone has a pension, living alone allowance, fuel allowance, etc. Julie collects her money from the post office and lives frugally and has a lot of savings.

    Should Julie keep all her money at home or keep it in the bank just incase the internet went out?

    That's the point I was trying to make.

    I don't care what way people pay for something. I just find people who are into this "Cash is King" can be very manipulative to vulnerable people.



  • Registered Users, Registered Users 2 Posts: 8,786 ✭✭✭Former Former Former


    I’m not sure if you’re serious but if suddenly the only money in the world is whatever cash people had on hand when the system collapsed, then the price of everything will go through the roof. Your Snickers will cost a hell of a lot more than two euros.

    Still waiting for any plausible reason for a business to refuse cards other than hiding turnover.



  • Registered Users, Registered Users 2, Paid Member Posts: 19,325 ✭✭✭✭elperello


    She should open a savings account at the PO seeing as she visits it weekly.

    Alternatively a credit union account might suit.

    Probably no need to keep more than €100 in reserve at home above weekly outgoings.

    Another tip for older people is to always say " I have to go and draw out the money" to pay a tradesman etc.

    Even if they have it on hand it helps to give the impression that they don't keep money in the house.



  • Registered Users, Registered Users 2 Posts: 1,280 ✭✭✭bog master


    Maybe it is the cost? In the "old days" you rang up items on the till, close, run the till for sales, count the cash less any cash outlays—done. Lodge money in bank next day or whenever. With cards you are having another series of transaction to post, separate from the cash. It is literally twice the work. And when the books go to the accountant at end of the year, you have another round of work to do. For many small, low turnover shops it is not worth it.



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  • Registered Users, Registered Users 2, Paid Member Posts: 3,676 ✭✭✭Cyclingtourist


    When people have no cash, like in bombed out Germany post surrender, they use alternatives such as cigarettes or sex.



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