B&Q Refusing Cash Tranactions

Bass Reeves · 07-06-2020 10:31am

The issue is the stores doing this are not Irish stores. While most other stores prefer cards they will accept cash. It's delusional for people to think that over times banks will not add charges to those using cards. The government already has a tax on cards. While traders get charged for lodging and the withdrawal of cash smaller firms get charged over the top for card usage by customers. That is why for cards a lot if shops had a minimum transaction amount until lately. Recently just pre COVID I was paying a substantial bill and had the cheque book as well as the card with me. The owner perferred the cheque as when it was lodged in the account he could draw down against it. Card payments often take days to appear in business accounts

It amazing the way some people assume everyone who uses cash must be dodging tax. The reality is a large portion of people may have no bank accounts, find cash easier to budget with. I myself when I was financially challenged in the last recession always found it easier to budget by taking a set out out each fortnight. I still did up to pre COVID. At present I have a house tenant that pays me part of the rent in cash. He is a HAP tenant. As it costs too much to lodge I just spend it mostly.on car fuel as I can use it in a single transaction. But I also use it in self service in supermarkets as well.

I off down to BnQ now to buy a few tubs of paint I wonder will they take legal tender.ðŸ€”ðŸ€”ðŸ€”

addaword · 07-06-2020 11:03am

Bass Reeves wrote: »

Here is the real nub of the matter. If I go into my local BnQ and head for the paint counter. I get them to mix 40 litres of masonry paint in am obscure colour, I also get them to mix another 50 litres of mat silk in 2-3 dark colours,as well as mixing 10-15 litres of satinwood in s colour of my choice. After that I arrive over at the wood cutting service and get them to cut 10 sheets of 8X4 ply into 1 inch squares.

Now when I arrive to pay at the till and hand them part of the dirty wad I have in the sole of my sock will they refuse it.

Lol. A great idea. That will teach them.

The stores want people to use cards because even though the card companies take a percentage, people spend more with cards and lose track of how much they are spending. With cash they may not have enough for certain impulse purchases they may regret later if they buy using a card.

Dodge · 07-06-2020 11:14am

addaword wrote: »

The stores want people to use cards because even though the card companies take a percentage, people spend more with cards and lose track of how much they are spending. With cash they may not have enough for certain impulse purchases they may regret later if they buy using a card.

There’s studies to show the opposite is true (google them for yourself). If people have cash, they’ll spend it but if they go out to get a single item and pay by card, they’re more likely to do that

Getting back to the OP, there’s no way he didn’t pass signs everywhere in B&Q saying that cash wouldn’t be accepted. No chance at all

Bass Reeves · 07-06-2020 11:19am

Dodge wrote: »

There’s studies to show the opposite is true (google them for yourself). If people have cash, they’ll spend it but if they go out to get a single item and pay by card, they’re more likely to do that

Getting back to the OP, there’s no way he didn’t pass signs everywhere in B&Q saying that cash wouldn’t be accepted. No chance at all

Any budgeting advisor advising people that are in financial trouble ( and mostly it is impulse spending on a credit card) advises people to cut up the card and draw down a weekly allowance in cash to spend until COVID arrived. COVID has not changed the rational.

Dodge · 07-06-2020 11:22am

To be fair credit cards and debit cards are completely different.

A side issue of course...

Bass Reeves · 07-06-2020 11:25am

addaword wrote: »

Lol. A great idea. That will teach them.

The stores want people to use cards because even though the card companies take a percentage, people spend more with cards and lose track of how much they are spending. With cash they may not have enough for certain impulse purchases they may regret later if they buy using a card.

The reason these bigger stores want people to use cards is if they can force cash out of the economy it gives them a competitive advantage over smaller shops and stores. This is immaterial whether it is in hardware, homeware or electrical goods. It just like if when buying a car a dealership would ideally love everyone to use a loan. You are more libel to borrow a larger amount that you would if spending your own money out of your bank account. As well these larger companies are also trying to bring in there own store cards so that if you do not pay on time they can charge you a high interest rate.

L1011 · 07-06-2020 1:24pm

Bass Reeves wrote: »

The issue is the stores doing this are not Irish stores.

That'll be news to O'Briens and Insomnia.

Dav010 wrote: »

You’ve never been to a paint shop or a builders providers, have you? You walk around the shop or stand at the desk and you will hear the staff regularly being asked for items like this, albeit the 1 inch squares might have been a step too far.

Some rando going in and asking for that quantity in B&Q will be asked for their trade card before they start mixing/cutting, realistically.

07-06-2020 1:41pm

L1011 wrote: »

That'll be news to O'Briens and Insomnia.

Some rando going in and asking for that quantity in B&Q will be asked for their trade card before they start mixing/cutting, realistically.

They will mix up whatever you want, with the machines they have it really doesn’t matter what you ask for, it’s all the same to them, just a matter of inputting the colour.

tjhook · 07-06-2020 2:46pm

I can completely understand a business or an individual not wanting to pass cash at the moment. I'm avoiding cash myself. I'd be more doubtful about "the death of cash" in the longer term though. Sweden be damned

People can use cards if they like, but there's no harm having a cash alternative. I can think of a number of disadvantages to not having the option of cash:

- How to you pass small amount between (non-commercial) people? E.g. pocketmoney for kids. Or asking a colleague who's nipping out to the shop "Here's a fiver, can you get me a sandwich?". I can't see us instead saying "Do you know your BIC and IBAN off the top of your head, so I can go online, set you up in my online banking as a payee, and transfer a fiver plus charges".

- Charities. Big difference between throwing a few quid into a bucket versus detailing your bank details on a form. Would you trust your bank details or card to a person on the street that you don't know?

- Your card is lost/stolen/broken. How do you get by for the week or two until a new one is issued? It's useful to be able to bring ID to the bank and withdraw (spendable) cash.

- I've been in shops where the card system was down. Cash only for a while. Without cash, should these shops just shut down until card services are resumed?

I imagine none of these issue are insurmountable given time and changes to everyday life, but why remove a simple long-standing option that's proven to work?

The state (which issues currency and taxes its transfer) should provide a way to transfer that currency without additional charge. Cash is fine for that. In the absence of cash, the state should provide a free cashless transfer mechanism - free for sender and recipient, with guarantees on privacy. As has been said elsewhere on this thread, I don't want the state to outsource these responsibilities to commercial interests for them to charge both payer and payee. Not to mention state tax on these cards.

addaword · 07-06-2020 2:56pm

tjhook wrote: »

I can completely understand a business or an individual not wanting to pass cash at the moment. I'm avoiding cash myself. I'd be more doubtful about "the death of cash" in the longer term though. Sweden be damned People can use cards if they like, but there's no harm having a cash alternative. I can think of a number of disadvantages to not having the option of cash:

- How to you pass small amount between (non-commercial) people? E.g. pocketmoney for kids. Or asking a colleague who's nipping out to the shop "Here's a fiver, can you get me a sandwich?". I can't see us instead saying "Do you know your BIC and IBAN off the top of your head, so I can go online, set you up in my online banking as a payee, and transfer a fiver plus charges".

- Charities. Big difference between throwing a few quid into a bucket versus detailing your bank details on a form. Would you trust your bank details or card to a person on the street that you don't know?

- Your card is lost/stolen/broken. How do you get by for the week or two until a new one is issued? It's useful to be able to bring ID to the bank and withdraw (spendable) cash.

- I've been in shops where the card system was down. Cash only for a while. Without cash, should these shops just shut down until card services are resumed?

.

And other occasions cash is handy eg paying a teacher for a grind for the kid coming up to exams, or paying the neighbours son to cut the grass when you are on holiday.

Caranica · 07-06-2020 3:49pm

Revolut will sort most of those issues. I know parents that give pocket money to kids via Google pay or apple pay.

Cabaal · 07-06-2020 3:56pm

Caranica wrote: »

Revolut will sort most of those issues. I know parents that give pocket money to kids via Google pay or apple pay.

N26 as well, no contactless or card fee's and no min deposit,
Can't fault mine.

They also allow a certain amount of ATM transactions per month with no fees.
I use mine purely as a emergency card

skooterblue2 · 07-06-2020 4:14pm

borderlinemeath wrote: »

My neighbour is in his late 70's and has never had a bank account. During his working life he recalled how depending on his employer, he either got a cash envelope or a cheque that would go behind the bar in the local pub and he'd get the balance at the end of the Friday night!

If he ever needs to buy anything "on the internet" he gets his nephew to do it and gives him the cash. Prior to CoVid he would head to the post office on Friday for his pension and get it in cash. He wouldn't know what to do with a card at an ATM.

have you tried to open a new bank account lately? Its a nightmare. they want so much paper work and documentation. I opened a new bank account in a new bank and found out my PPS card is not a method of ID that can be used. I do have a passport but dont drive.

Guy:Incognito · 07-06-2020 4:17pm

tjhook wrote: »

- How to you pass small amount between (non-commercial) people? E.g. pocketmoney for kids. Or asking a colleague who's nipping out to the shop "Here's a fiver, can you get me a sandwich?". I can't see us instead saying "Do you know your BIC and IBAN off the top of your head, so I can go online, set you up in my online banking as a payee, and transfer a fiver plus charges".

Youve been able to send money to people just using their mobile number for ages.

If you have revolut (assume other systems are similar) you can send it to them from the contacts on your phone without knowing any details beyond their number being in your phone.

tjhook wrote: »

- Charities. Big difference between throwing a few quid into a bucket versus detailing your bank details on a form. Would you trust your bank details or card to a person on the street that you don't know?

Theres very little you can do with someones bank details beyond giving them money. Every cheque has the persons bank details on it btw, how come no one had issues with them?

Anyway, Id be very surprised if charities dont have machines on collections now, as above, even buskers have a machine for people to tap to give them money.

If they dont then the charities really need to step up or they will lose a lot of money.

tjhook wrote: »

- Your card is lost/stolen/broken. How do you get by for the week or two until a new one is issued? It's useful to be able to bring ID to the bank and withdraw (spendable) cash.

I barely ever use my card even at this stage. I use my phone the whole time to pay.
What happens if your cash is lost or stolen? Its gone forever.

Guy:Incognito · 07-06-2020 4:19pm

Caranica wrote: »

Revolut will sort most of those issues. I know parents that give pocket money to kids via Google pay or apple pay.

I do it with my elder son all the time ( I got a monese card and gave it to him, the revolut junior account wasnt out at that stage) . He doesnt carry the card anymore even, he uses his phone to pay then.

tjhook · 07-06-2020 4:25pm

Guy:Incognito wrote: »

Youve been able to send money to people just using their mobile number for ages.

If you have revolut (assume other systems are similar) you can send it to them from the contacts on your phone without knowing any details beyond their number being in your phone.

Yes, if you both happen to have Revolut, and you have to know the other person does. Mobile-to-mobile transfers aren't a standard. Of course, Revolut has to make money themselves, so there are fairly hefty fees after the first few hundred euros of withdrawals.

Theres very little you can do with someones bank details beyond giving them money. Every cheque has the persons bank details on it btw, how come no one had issues with them?

http://news.bbc.co.uk/2/hi/7174760.stm

What happens if your cash is lost or stolen? Its gone forever

Yes, but I can withdraw more so I can still buy food.

freshpopcorn · 07-06-2020 4:29pm

I feel sorry for the teenagers with only having cards. It would be hard for you to buy a few drinks without your mammy and daddy checking up on you!

Guy:Incognito · 07-06-2020 4:35pm

tjhook wrote: »

Yes, if you both happen to have Revolut, and you have to know the other person does. Mobile-to-mobile transfers aren't a standard. Of course, Revolut has to make money themselves, so there are fairly hefty fees after the first few hundred euros of withdrawals.
.

There are loads of ways to give people money digitally now, I just picked 2.

tjhook wrote: »

http://news.bbc.co.uk/2/hi/7174760.stm.

They signed him up to a charity DD, again, its about the only thing they can do with it, not steal it. and its full reversible (he chose not to iirc)

What about all those people that handed out their bank details (cheques) to people for decades without any thought of it?

tjhook wrote: »

Yes, but I can withdraw more so I can still buy food.

If you have more. Either way, the money you lost is gone forever.

Plus isnt bank chargers what people are giving out about? Are they not charging for ATM withdrawals.

Bass Reeves · 07-06-2020 4:35pm

L1011 wrote: »

Some rando going in and asking for that quantity in B&Q will be asked for their trade card before they start mixing/cutting, realistically.

They be losing a lot of business if they start questioning every guy getting a few buckets of paint or a bit of timber cut up. Average two story detached house with a plaster finish will need about 3 buckets of Dulux weathershield, contrast fir plinths and around windows and doors is another 5-10litres, a detached garage or front wall another bucket.

A lad painting the inside of a new house might be buying 30-40 litres of mat or silk paint and another 10litres each of primer and satinwood. Throw in another few bits and pieces and you have 4-500euro of gear.

L1011 · 07-06-2020 4:40pm

Bass Reeves wrote: »

They be losing a lot of business if they start questioning every guy getting a few buckets of paint or a bit of timber cut up. Average two detached house with a plaster finish will need about 3 buckets of Dulux weathershield, contrast fir plinths and around windows and doors is another 5-10litres, a detached garage or front wall another bucket.

A lad painting the inside of a new house might be buying 30-40 litres of mat or silk paint and another 10litres each of primer and satinwood. Throw in another few bits and pieces and you have 4-500euro of gear.

Someone coming in asking for a large amount of obscure colours and a ridiculous timber cut is going to be obvious as a crank pretty quickly though. And what you've described is not a "few buckets" and "a bit of timber".

If you want to try force someone to take a form of payment they have blatantly told you they don't take, try think of a less idiotic way to do so.

tjhook · 07-06-2020 4:42pm

Guy:Incognito wrote: »

They signed him up to a charity DD, again, its about the only thing they can do with it, not steal it. and its full reversible (he chose not to iirc)

What about all those people that handed out their bank details (cheques) to people for decades without any thought of it?

In his case, I'd argue that it is theft. Regardless, if funds are taken from my account without my knowledge, I won't be happy. I wouldn't hand a cheque to a stranger on the street either.

You have a point about cheques too - the existing banking system isn't without its flaws. All the more reason not to eliminate the option to use cash.

meeeeh · 07-06-2020 4:43pm

Caranica wrote: »

Revolut will sort most of those issues. I know parents that give pocket money to kids via Google pay or apple pay.

Not me. My 7 and 11 year olds get coins. It helps with maths and gives them idea what is behindthe number in their bank account. They both have their accounts topped up monthly but are not allowed to spend that. I think kids should be first thaught basics and understanding how much stuff cost and seing if they can afford it. It also teaches them to be careful and make sure they don't loose their money.

I'm fairly on top of different payment methods, I have N26 account, I have Google pay, PayPal account, two irish bank accounts (in process of closing one) and credit card but when I want to pay my cleaner it is cash only. I 'm not going to ask what taxes she does or doesn't pay.

Bass Reeves · 07-06-2020 4:49pm

L1011 wrote: »

Someone coming in asking for a large amount of obscure colours and a ridiculous timber cut is going to be obvious as a crank pretty quickly though. And what you've described is not a "few buckets" and "a bit of timber".

If you want to try force someone to take a form of payment they have blatantly told you they don't take, try think of a less idiotic way to do so.

It obvious you have never done much DIY, a lot of lads getting a flat trolly in BnQ are leaving 3-500 euro. Most people get paint mixed in non standard colours unless you want everything in magnolia or white. Only a small fraction of paint bought by random lads is pre mixed colours.

07-06-2020 5:05pm

L1011 wrote: »

Someone coming in asking for a large amount of obscure colours and a ridiculous timber cut is going to be obvious as a crank pretty quickly though. And what you've described is not a "few buckets" and "a bit of timber".

If you want to try force someone to take a form of payment they have blatantly told you they don't take, try think of a less idiotic way to do so.

Have you ever done any DIY? Paints come in hundreds of colours, making up cans of “obscure” colours is exactly the same as making up the most popular colour in a paint shop, you just click on the colour needed on the computer and the machine mixes it. It’s as simple as that. One colour is no more “idiotic” than another, not everyone wants rooms painted magnolia or brilliant white. You don’t get asked how you pay or if you want it on account just because you want a colour that is rarely seen by the shop assistant.

tjhook · 07-06-2020 5:06pm

Guy:Incognito wrote: »

There are loads of ways to give people money digitally now, I just picked 2.

Sorry, only saw the edit to your post just now.

So I'd need a "traditional" bank account for the services like loans etc. Plus Google/Android Pay to transfer pocketmoney to kids (Revolut child account requires a monthly fee on an adult account). That assumes I even want a child to have a smartphone. Plus Revolut and N26 to cover transfers to other people who might have one or the other. And if other new banks enter the market, perhaps those too.

If I lose my wallet, I don't lose funds, but I lose access to the funds in *all* my bank accounts for a week or two until replacement cards arrive.

I can see how it would be handier for some businesses, but I can't see how the ordinary person would gain from removing the option to use cash. People can go cashless today if they want, why not keep cash for those who find it simpler, or even as a backup option for those who prefer cashless?

L1011 · 07-06-2020 5:09pm

Dav010 wrote: »

Have you ever done any DIY? Paints come in hundreds of colours, making up cans of “obscure” colours is exactly the same as making up the most popular colour in a paint shop, you just click on the colour needed on the computer and the machine mixes it. It’s as simple as that. One colour is no more “idiotic” than another, not everyone wants rooms painted magnolia or brilliant white.

The post suggested going for particularly ridiculous, non-saleable to others colours. You're going to be asked if you're actually sure what you're doing if you are looking for huge volumes of those. Its a person, not a robot inputting the codes on the machine.

Ditto the ridiculous timber cuts.

This is a pointless aside anyway - a post suggesting pointless pedantry to rile retail staff that really should have been ignored as a borderline trolling it was.

Dodge · 07-06-2020 5:20pm

tjhook wrote: »

I can see how it would be handier for some businesses, but I can't see how the ordinary person would gain from removing the option to use cash. People can go cashless today if they want, why not keep cash for those who find it simpler, or even as a backup option for those who prefer cashless?

I much prefer cashless transactions as I find it easier to budget and there’s much less waste.

I’m not advocating for a cashless society. I just think there’ll be a natural progression that way. I was against the idea of phone payments until I was at a fill and realised my wallet was in the car and now I use it a fair bit

Lots of people hated the idea of contactless payments and now use them regularly for all sorts of things.

Cash will survive as long as people use it but there definitely will be businesses that will stop taking it. That’s already the case in several countries

As long as it’s advertised, like B&Q have, then I think that’s fair enough. No real difference from my local Chinese having a sign up saying cards not accepted

Bass Reeves · 07-06-2020 5:23pm

L1011 wrote: »

The post suggested going for particularly ridiculous, non-saleable to others colours. You're going to be asked if you're actually sure what you're doing if you are looking for huge volumes of those. Its a person, not a robot inputting the codes on the machine.

Ditto the ridiculous timber cuts.

This is a pointless aside anyway - a post suggesting pointless pedantry to rile retail staff that really should have been ignored as a borderline trolling it was.

Any specially mixed colour is virtually non saleable unless the person ordering it takes it. Any lad that will buy it will want it at a 50%+ discount to it actual normal cost price. As I posted an average detached house can take 40-50 litres of paint. If in Dulux weathershield you are looking at about a 300 euro+ bill. 500 euro worh of paint being mixed would not be unusual by a random customer

cbreeze · 07-06-2020 5:39pm

You may still need coins for supermarket trollies. Aldi trollies need the €2 coin.
Churches and charities might get little 'Sumup' card readers in their collection baskets. I always use my card in restaurants but I pay the tip separately in cash.

The only time I used an ATM since before Christmas was to lodge a cheque.

the_syco · 07-06-2020 5:54pm

Dav010 wrote: »

Apart from possible tax evasion, I’m struggling to see a benefit of taking cash over digital payments.

Cash only is great for budgeting, as you know what you have left in your hand for the week. Paying by card all the time depends on the shop putting through the charge. So you think you have cash left, but come Monday you very much do not.

tscul32 · 07-06-2020 5:56pm

the_syco wrote: »

Cash only is great for budgeting, as you know what you have left in your hand for the week. Paying by card all the time depends on the shop putting through the charge. So you think you have cash left, but come Monday you very much do not.

I load up a revolut card for the household shopping. By the time I'm in the car park I've had a notification of the payment and the balance is always up to date. It's also very handy to track your spending.

07-06-2020 6:02pm

the_syco wrote: »

Cash only is great for budgeting, as you know what you have left in your hand for the week. Paying by card all the time depends on the shop putting through the charge. So you think you have cash left, but come Monday you very much do not.

I totally agree, my post was from the perspective of the retailer/service provider. Card payments are easier for businesses, but they would be crazy to refuse cash. The only benefit that I can see for a business to accept only cash would be for tax evasion, a combination of both card and cash offered to customers would cover virtually everyone apart from the extremely small percentage who want to use cheques.

Interestingly, I heard a segment on one of the business shows a few weeks ago about cashless society. Finland has gone card payments only and a recent study there showed that debt has risen substantially to the point where the Government has broadcast warnings to consumers to check their credit card balances regularly. Repeated small transactions meant that people aren’t as aware of the amounts they are spending and therefore getting further into debt.

https://www.google.ie/amp/s/amp.thenational.ae/business/money/world-s-happiest-nation-seeks-further-joy-through-national-financial-literacy-plan-1.978986

Bass Reeves · 07-06-2020 6:09pm

Dav010 wrote: »

I totally agree, my post was from the perspective of the retailer/service provider. Card payments are easier for businesses, but they would be crazy to refuse cash. The only benefit that I can see for a business to accept only cash would be for tax evasion, a combination of both card and cash offered to customers would cover virtually everyone apart from the extremely small percentage who want to use cheques.

Interestingly, I heard a segment on one of the business shows a few weeks ago about cashless society. Finland has gone card payments only and a recent study there showed that debt has risen substantially to the point where the Government has broadcast warnings to consumers to check their credit card balances regularly. Repeated small transactions meant that people aren’t as aware of the amounts they are spending and therefore getting further into debt.

https://www.google.ie/amp/s/amp.thenational.ae/business/money/world-s-happiest-nation-seeks-further-joy-through-national-financial-literacy-plan-1.978986

Why am I not suprised

07-06-2020 6:13pm

L1011 wrote: »

The post suggested going for particularly ridiculous, non-saleable to others colours. You're going to be asked if you're actually sure what you're doing if you are looking for huge volumes of those. Its a person, not a robot inputting the codes on the machine.

Ditto the ridiculous timber cuts.

This is a pointless aside anyway - a post suggesting pointless pedantry to rile retail staff that really should have been ignored as a borderline trolling it was.

Ah here, paint shops carry those “ridiculous colours” as testers and colour cards, the shop could care less if you are sure you want them. You are saying the shop don’t trust you to make a decision on the colour you want. The person inputs the colour you want, machine makes it, if you don’t like it when you get home, tough luck, it’s a change of mind situation.

Personally I’ve never asked a shop to cut timber, I have my own saws, I suspect that line about timber was just for effect. You saying it is “ridiculous” is ironic.

Bass Reeves · 07-06-2020 6:21pm

Dav010 wrote: »

Ah here, paint shops carry those “ridiculous colours” as testers and colour cards, the shop could care less if you are sure you want them. You are saying the shop don’t trust you to make a decision on the colour you want. The person inputs the colour you want, machine makes it, if you don’t like it when you get home, tough luck, it’s a change of mind situation.

Personally I’ve never asked a shop to cut timber, I have my own saws, I suspect that line about timber was just for effect. You saying it is “ridiculous” is ironic.

TBH it was. However here is a possible more realistic scenario. A customer get a couple of buckets of paint mixed, and has another few items on a flat trolley. Arrives at the counter and hand his card. Its declined. He says sorry can I pay in cash.

I be absolutely flabbergasted if BnQ do not have a process in place for such a scenario and it not to tell the customer to leave and sort there card to pay for the goods

Dravokivich · 07-06-2020 6:54pm

Dav010 wrote: »

Apart from possible tax evasion, I’m struggling to see a benefit of taking cash over digital payments.

2nd hand goods exchanged between people.

addaword · 07-06-2020 7:07pm

Dravokivich wrote: »

2nd hand goods exchanged between people.

Teachers getting paid for grinds.

L1011 · 07-06-2020 7:08pm

Dravokivich wrote: »

2nd hand goods exchanged between people.

addaword wrote: »

Teachers getting paid for grinds.

Both EFTable.

Guy:Incognito · 07-06-2020 7:08pm

Dav010 wrote: »

Interestingly, I heard a segment on one of the business shows a few weeks ago about cashless society. Finland has gone card payments only and a recent study there showed that debt has risen substantially to the point where the Government has broadcast warnings to consumers to check their credit card balances regularly. Repeated small transactions meant that people aren’t as aware of the amounts they are spending and therefore getting further into debt.

https://www.google.ie/amp/s/amp.thenational.ae/business/money/world-s-happiest-nation-seeks-further-joy-through-national-financial-literacy-plan-1.978986

Going cashless isnt anything to do with credit though. Theres nothing to say you have to get a credit card.

Guy:Incognito · 07-06-2020 7:09pm

Dravokivich wrote: »

2nd hand goods exchanged between people.

Which can all do done electronically, and is for huge amounts of people.

People in the US use venmo to send send a amounts of money between each other. Revolut offers this too. The app gives you the option to do things like split a bill, so if a few people are out for a meal, say, one can pay and then request the other peoples shares. Much easier than everyone needing the right amount of cash tbh.

Dravokivich · 07-06-2020 7:15pm

Guy:Incognito wrote: »

Which can all do done electronically, and is for huge amounts of people.

People in the US use venmo to send send a amounts of money between each other. Revolut offers this too. The app gives you the option to do things like split a bill, so if a few people are out for a meal, say, one can pay and then request the other peoples shares. Much easier than everyone needing the right amount of cash tbh.

You need all parties to be in that service. The purpose of cash was to present a uniform means of payment. Now with technology with are creating multiple means of payment. I dont want to be spread across a number of services, just because the other person doesnt use who I do.

Flickerfusion · 07-06-2020 7:18pm

We actually have a really good credit transfer system built on SEPA. The instantaneous version, SCT Inst, needs to be rolled out by the banks here but there’s a wide range of services around the corner built on some of those platforms as those markets are opened EU wide.

There’ll be a lot of possibilities emerging for processing payments.

kirving · 07-06-2020 8:40pm

Card payments tend to suit retailer's and banks alike as it's far cheaper

I know I'll be told that it doesn't matter by what medium your money is spent, but tapping a card really does isolate you mentally from the feeling of spending money, and makes it much easier to forget about what you're really spending.

To some extent too, I think not accepting cash could (and maybe should) be deemed as discriminatory.

Young people who don't have a bank account, elderly who find it difficult to adapt to new technology, the homeless, service workers who tend to be poorly paid and supplement their income with tips to name but a few. The more marginalised in our society are definitely more reliant on cash than most.

Caranica · 07-06-2020 9:43pm

cbreeze wrote: »

You may still need coins for supermarket trollies. Aldi trollies need the €2 coin..

You can buy tokens or keyrings that fit trollies. I haven't put actual cash in a supermarket trolly in the last decade.

Steve F · 07-06-2020 10:15pm

If you knew what was on money,paper and coins,most would never use it again.
Would you pick up human feaces and put it in your pocket/wallet?
Not to mention salmonella,E-coli the list goes on.
I notice a lot of posters said they stopped using cash in March.I quit a long time ago unless it was totally unavoidable.Horrible stuff
My wife was always going on at me for not carrying cash.....

Bass Reeves · 07-06-2020 10:26pm

Steve F wrote: »

If you knew what was on money,paper and coins,most would never use it again.
Would you pick up human feaces and put it in your pocket/wallet?
Not to mention salmonella,E-coli the list goes on.
I notice a lot of posters said they stopped using cash in March.I quit a long time ago unless it was totally unavoidable.Horrible stuff
My wife was always going on at me for not carrying cash.....

So if there was a dirty 50 euro note on the ground you would not pick it up.

07-06-2020 10:28pm

Steve F wrote: »

If you knew what was on money,paper and coins,most would never use it again.
Would you pick up human feaces and put it in your pocket/wallet?
Not to mention salmonella,E-coli the list goes on.
I notice a lot of posters said they stopped using cash in March.I quit a long time ago unless it was totally unavoidable.Horrible stuff
My wife was always going on at me for not carrying cash.....

Man hates money.

Steve F · 07-06-2020 10:28pm

Bass Reeves wrote: »

So if there was a dirty 50 euro note on the ground you would not pick it up.

I'd have to make an exception there.
I'd probably give it a quick wipe with the ald Dettol antibacterial wipe ðŸ˜Š

freshpopcorn · 07-06-2020 10:29pm

Bass Reeves wrote: »

So if there was a dirty 50 euro note on the ground you would not pick it up.

I do know money is dirty and would never deny it. However people tells me this and they'd happily pop their pin into a pin pad and sit down and eat a muffin after touching the pin pad without cleaning there hands in the past!

Steve F · 07-06-2020 10:33pm

freshpopcorn wrote: »

I do know money is dirty and would never deny it. However people tells me this and they'd happily pop their pin into a pin pad and sit down and eat a muffin after touching the pin pad without cleaning there hands in the past!

Yeah,that's another process I try and avoid.Most Terminals now allow you to tap thank God.
And don't get me started on ATM's.
When I still used them I'd never use my finger tips on the buttons but my knuckles....Howard Hughes would be proud of me...ðŸ˜„

B&Q Refusing Cash Tranactions

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