What's Wrong With Cash?
Posted by: dint
28th Mar 2024 01:11am
Has anyone here been caught out at a place that does not accept cash?
I have a few times and each time no good or credible reason was ever given for refusing the only means I had to pay.
It is still legal tender and I find it easier keeping a tab on my finances by actually handling the stuff. I'm also finding that these card tap/non cash places charge a fee. Or do the banks ? In any case I, the customer, is the loser here.
I have a few times and each time no good or credible reason was ever given for refusing the only means I had to pay.
It is still legal tender and I find it easier keeping a tab on my finances by actually handling the stuff. I'm also finding that these card tap/non cash places charge a fee. Or do the banks ? In any case I, the customer, is the loser here.
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Comments 6
jtmorri
I haven't had this experience personally. They would accept the cash when the digital pay system goes down and place their sign up saying, "sorry, cash only".
Therefore, I think they should always accept cash and not pick and choose as they please. Apparently, businesses don't have to accept cash and can pick and choose which payment methods they accept for goods and services. Maybe all businesses should take all payment methods as to avoid confusion in society and make everything uniform and easy. If I wished to pay with cash at a business and they would not take it, then I would not purchase from them and avoid them in the future due to them not providing my preferred payment method and therefore being inconvenient for me to use. You say the customer is the loser, however by taking your business elsewhere that business is the loser.
I think many businesses don't accept cash for quick payments, simpler banking (not having to go to the bank branch and deposit money), easier accounting and therefore easier tax fulfilment. One category of business big on no cash payments is takeaway coffee shops. The only other reason I can think of for a business not taking cash payments is counterfeit money being passed to them. If it is a case of laziness of the owner for the payment, banking and tax I mentioned above then maybe they shouldn't be in business if they aren't willing to meet customer needs.
In regard to your fees for tap payments, I also am not being charged them so you may wish to reconsider which bank you use or look into how to avoid the fees (eftpos possibly).
OzBirdMan
yes have been caught a few times with no cash accepted and on top of that have a surcharge to pay electronically even if using a debit.
Cash is so much easier to keep track of your budget as well, so easy to overspend when its just tap, tap, tap
Bigbear
Yes I know of a few places which have gone cashless only, I do enjoy to use cash occasionally, cash is still legal tender and cash never goes down or out of service. I want to continue to have the choice of both options rather than go cashless.
Yes, cash money has germs . . blah blah . . so does every other electronic payment system surface needing push buttons/tap screens for everything from grocery shopping to pay parking. Leave the choice of both options for all to choose as they see fit.
chickenman
i have never come across a place that does not accept cash, if i did i would not use the service. to rely only on electronic payments is dangerous and silly. if there is a break in the system (power outage) then nothing can be done. no way to pay.
Aimz2024
Honestly no, and I'm not quite sure how I would react either. I believe it's the processing fees by who they have the machine with, as this is how it is for my small business, although I absorb the costs not pass them on.
Nik3260
The idea is that paper money is among the dirtiest things we ever handle. If you think about how many people touch a single note or coin and the fact that they are NEVER washed it is pretty gross. So places have started insisting on contactless payments as a hygiene measure and also because it is usually quicker. I struggle to keep track of money in digital form and prefer to use cash whenever possible. However, it does make a decent amount of sense for a food vendor or a business owned by someone who is immune-compromised to insist on contactless payment. The additional fee IS annoying I will admit. I think this is just one of those cultural changes that come with new technology although the pandemic played a role. The service charge is to cover the bank fees that the business pays to use its technology. Most places will only charge you a fee if you spend under a certain amount, usually $10-15. But no matter how frustrating it gets I will remind you and all my other fellow cash lovers that these policies are put in place by the business owner/management. NOT the employees you are interacting with so no matter how annoyed you become remember not to take it out on them. Places such as farmer, and craft markets are more likely to have lots of cash-friendly (Or only) vendors for you.