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.

[illdecide]

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.

Cash may not be King for you and that's your personal thoughts and there are more like you than not but for a lot of people "Cash is King". So many people rely on cash for tips to make their wages up, Supermarkets are going more and more self service which a lot of people hate espicially if you have a large trolly of groceries. I'd say there's more fraud with digital payments than cash, the amount of people swindled out of their life savings by on-line scammers is shocking. When the internet goes down or there is a major breach of fraud you'll be glad of cash. The only people who really benefit from a cashless society is Bankers and the Government...
BTW i totally see the benifit of the tap and go too, when i'm out on the bike I don't need to carry cash and use the phone to pay for my coffee etc but I'd say I'd be 80% cash and 20% card. Plenty of pro's and cons for both sides I suppose.

[Genocide Organ]

I suppose anything less than E100 is generally cash.

[Look-Up!]

Tapping is handy for keeping track but would always use a top up system like Revolut instead of directly on the bank card. Don't use cash that much to avoid change but always carry it just in case. Wouldn't feel right going anywhere without at least a couple hundred in the pocket. Next to no hassle getting and keeping cash.

[Munchie]

A couple of hundred in the pocket. 

[Tony Baloney]

A couple of hundred in the pocket. 

I'm lucky if I can find 50p in the dash to blow up a tyre 

[thebigfella]

Cash may not be King for you and that's your personal thoughts and there are more like you than not but for a lot of people "Cash is King". So many people rely on cash for tips to make their wages up, Supermarkets are going more and more self service which a lot of people hate espicially if you have a large trolly of groceries. I'd say there's more fraud with digital payments than cash, the amount of people swindled out of their life savings by on-line scammers is shocking. When the internet goes down or there is a major breach of fraud you'll be glad of cash. The only people who really benefit from a cashless society is Bankers and the Government...
BTW i totally see the benifit of the tap and go too, when i'm out on the bike I don't need to carry cash and use the phone to pay for my coffee etc but I'd say I'd be 80% cash and 20% card. Plenty of pro's and cons for both sides I suppose.

Firstly, not all fraud around cash payments and scams are reported. A relative off mine had 30k in cash stolen by an employee but fcuk all he could do. As soon as you report the crime you will draw lots of attention (and rightly so) on where that cash came from and was it declared. As I told them, that was the risk of doing business the way they have always done and you accepted the risk plus associated loses if the risk was realised. Tough shit or put it all through the books.

Secondly, most on-line scams are not that sophisticated or like something you seen in the movies. Generally they pray on the naivety and distraction of the victim, and typically a similar pattern happened for (to distinguish) off-line scams. At least there is a trail and something to investigate with digital payment scams and in a lot of cases protections in place. With cash, generally you are fcuked unless there is some other evidence. 

Remember you can't legislate for people's stupidity regardless of whether they are scammed online or offline.

[Eamonnca1]

When my house got burgled in England my house-mate had left a couple of hundred quid in cash sitting by his bed when he was out. All gone. Nothing he could do.

There's the potential for thievery/fraud whether you use cash or not. My elderly parents used to go through this bizarre ritual of taking a big amount of cash out of the bank or post office or wherever they collected their pensions, and walking across the main street to deposit it in the credit union, all via human tellers. Mad stuff.

At least if you see something dodgy on your credit card you can challenge it. As soon as I try to buy anything big or spend money out of state, half the time the transaction will be declined and the phone will instantly ring saying there's been a suspicious transaction detected, press 1 to approve it. Can be annoying at times, but at least it's some sort of safeguard. Can't do that with paper dollars. The only security you have with that stuff is as good as your ability to win a fist fight with whoever wants to rob you.