How much of your transactions are in cash?

[AustinPowers]

Makes sense.

https://www.rte.ie/brainstorm/2025/1124/1545488-cash-money-emergency-planning-electronic-payments-systems/

Interesting line from that is :

The ECB Space survey shows that cash was the most frequently used payment method at point of sale in in 2024 in 14 out of 20 countries in the euro area, especially for payments under €50.

[Eamonnca1]

Yes, I wonder why Chinese restaurants don't want you using cash...

Wise the f**k up everyone. 99% of people looking cash are doing so they can avoid tax. Mossy people happy to give it to them are looking to avoid VAT.

Well no shit sherlock.

That plus the outrageous card fees. Why wouldnt they?

My point is stop f**king whining about card fees when the real reason is to keep everything off the books.

Or both. Have you seen how much businesses are losing out on in card fees?

It costs businesses money to handle cash. It costs businesses money to handle paper cheques. It costs businesses money to use cards. It costs businesses money to handle money no matter how they do it.

I've never understood this "cash is king" BS. Cash is a pain in the hole. You have to go out of your way to get your hands on the stuff, and the merchant has to either send some poor soul to the bank with a big wad of cash in a bag to drop into the night safe and hope they don't get robbed, or hire a security company to come in an armoured van to cart the stuff around. What's wrong with just tapping the phone? I don't get it.

When I worked for a bakery as a relief salesman, there were some runs where the breadman was trusted to handle cash, and some where they were not, so the shops had direct accounts with the bakery. With the former, you had to futer with calculating the amount owed, write it all out on the docket, make a note of all the shop owed, and collect cash at the end of the week, drive about all day Saturday with a pile of cash building up in your pockets, total that up at the bakery and do even more paperwork to deposit that into the bakery's safe. With the direct accounts you just made a note of what you delivered and dropped the book off at the bakery at the end of the week and let the billing department take care of it. A hundred times more efficient.

There was a lot less fraud where the latter kind of account was involved. If the bakery suspected the breadman was up to no good financially, they made sure all his shops had direct accounts.

The only use I have for cash now is to pay our house cleaner, and even then we could send money to her sister via Zelle. In fact we might just start doing that. I hate having cash sitting in the house. Cash is crap.