How much of your transactions are in cash?

[the_daddy]

The banks get everyone, every way. A shopowner told me the rates were cheaper for him to use his own cash to fill the in-store ATM, and keep the ATM free, than it was to lodge it in the bank. However, if I'm expected to pay to withdraw cash from an ATM then why should I take the hit rather than the retailer? It's probably at the stage that card payments need to be factored into the price and give discount accordingly for cash.

[trueblue1234]

The banks get everyone, every way. A shopowner told me the rates were cheaper for him to use his own cash to fill the in-store ATM, and keep the ATM free, than it was to lodge it in the bank. However, if I'm expected to pay to withdraw cash from an ATM then why should I take the hit rather than the retailer? It's probably at the stage that card payments need to be factored into the price and give discount accordingly for cash.

F**king hate those charges on the ATMs. Refuse to pay them. I'll walk 1/2 a mile to get another machine than pay £1.25 to withdraw my own money.
I tend to be more card now. To the extent it's a nightmare getting £1's for afterschool/ clubs etc. got one of those new thin wallets with no room for coins so rarely have cash at all. Keep the shrapnel in the car for parking/ tolls etc. love the factor bars are card now. Saves a lot of hassle!!

[thebigfella]

What's the comparison with the transaction fees vs all the other hidden costs with dealing with cash?

Having to have use 2 staff at a time to lodge cash into a bank account, storing cash until it's lodged, insurance premiums for holding cash on premises and transporting to bank, transport etc.... are all hidden costs that amount up.

No doubt the "payment providers" are making money but then again they are accruing a portion of the risk from electronic payment processing. With cash until it's lodged, then risk is all on the business.

[Taylor]

The banks get everyone, every way. A shopowner told me the rates were cheaper for him to use his own cash to fill the in-store ATM, and keep the ATM free, than it was to lodge it in the bank. However, if I'm expected to pay to withdraw cash from an ATM then why should I take the hit rather than the retailer? It's probably at the stage that card payments need to be factored into the price and give discount accordingly for cash.

F**king hate those charges on the ATMs. Refuse to pay them. I'll walk 1/2 a mile to get another machine than pay £1.25 to withdraw my own money.
I tend to be more card now. To the extent it's a nightmare getting £1's for afterschool/ clubs etc. got one of those new thin wallets with no room for coins so rarely have cash at all. Keep the shrapnel in the car for parking/ tolls etc. love the factor bars are card now. Saves a lot of hassle!!

This + 1000
I would walk a mile rather than pay to take my own money out.

Robbing fucks

[AustinPowers]

The banks get everyone, every way. A shopowner told me the rates were cheaper for him to use his own cash to fill the in-store ATM, and keep the ATM free, than it was to lodge it in the bank. However, if I'm expected to pay to withdraw cash from an ATM then why should I take the hit rather than the retailer? It's probably at the stage that card payments need to be factored into the price and give discount accordingly for cash.

F**king hate those charges on the ATMs. Refuse to pay them. I'll walk 1/2 a mile to get another machine than pay £1.25 to withdraw my own money.
I tend to be more card now. To the extent it's a nightmare getting £1's for afterschool/ clubs etc. got one of those new thin wallets with no room for coins so rarely have cash at all. Keep the shrapnel in the car for parking/ tolls etc. love the factor bars are card now. Saves a lot of hassle!!

This + 1000
I would walk a mile rather than pay to take my own money out.

Robbing fucks

Yeah, same here

Cash withdrawals in the Post office   are free though.

[Milltown Row2]

The banks get everyone, every way. A shopowner told me the rates were cheaper for him to use his own cash to fill the in-store ATM, and keep the ATM free, than it was to lodge it in the bank. However, if I'm expected to pay to withdraw cash from an ATM then why should I take the hit rather than the retailer? It's probably at the stage that card payments need to be factored into the price and give discount accordingly for cash.

F**king hate those charges on the ATMs. Refuse to pay them. I'll walk 1/2 a mile to get another machine than pay £1.25 to withdraw my own money.
I tend to be more card now. To the extent it's a nightmare getting £1's for afterschool/ clubs etc. got one of those new thin wallets with no room for coins so rarely have cash at all. Keep the shrapnel in the car for parking/ tolls etc. love the factor bars are card now. Saves a lot of hassle!!

This + 1000
I would walk a mile rather than pay to take my own money out.

Robbing fucks

Yeah, same here

Cash withdrawals in the Post office   are free though.

Aye plenty Post offices open in the town around midnight when you run out of cash and don't want to pay by card at the pub, so walk a mile to find one to come back and pub is closed lol

[AustinPowers]

The banks get everyone, every way. A shopowner told me the rates were cheaper for him to use his own cash to fill the in-store ATM, and keep the ATM free, than it was to lodge it in the bank. However, if I'm expected to pay to withdraw cash from an ATM then why should I take the hit rather than the retailer? It's probably at the stage that card payments need to be factored into the price and give discount accordingly for cash.

F**king hate those charges on the ATMs. Refuse to pay them. I'll walk 1/2 a mile to get another machine than pay £1.25 to withdraw my own money.
I tend to be more card now. To the extent it's a nightmare getting £1's for afterschool/ clubs etc. got one of those new thin wallets with no room for coins so rarely have cash at all. Keep the shrapnel in the car for parking/ tolls etc. love the factor bars are card now. Saves a lot of hassle!!

This + 1000
I would walk a mile rather than pay to take my own money out.

Robbing fucks

Yeah, same here

Cash withdrawals in the Post office   are free though.

Aye plenty Post offices open in the town around midnight when you run out of cash and don't want to pay by card at the pub, so walk a mile to find one to come back and pub is closed lol

Is that  how you got away with   buying a round of drinks? 

[gallsman]

The banks get everyone, every way. A shopowner told me the rates were cheaper for him to use his own cash to fill the in-store ATM, and keep the ATM free, than it was to lodge it in the bank. However, if I'm expected to pay to withdraw cash from an ATM then why should I take the hit rather than the retailer? It's probably at the stage that card payments need to be factored into the price and give discount accordingly for cash.

F**king hate those charges on the ATMs. Refuse to pay them. I'll walk 1/2 a mile to get another machine than pay £1.25 to withdraw my own money.
I tend to be more card now. To the extent it's a nightmare getting £1's for afterschool/ clubs etc. got one of those new thin wallets with no room for coins so rarely have cash at all. Keep the shrapnel in the car for parking/ tolls etc. love the factor bars are card now. Saves a lot of hassle!!

This + 1000
I would walk a mile rather than pay to take my own money out.

Robbing fucks

"Robbing fucks". Catch a grip ffs.

It's like any other service you pay for. Take it out of the bank for free. Can't be arsed to go to the bank, or aren't carrying the cash to cover your needs after hours? Pay for the convenience.

[trueblue1234]

The banks get everyone, every way. A shopowner told me the rates were cheaper for him to use his own cash to fill the in-store ATM, and keep the ATM free, than it was to lodge it in the bank. However, if I'm expected to pay to withdraw cash from an ATM then why should I take the hit rather than the retailer? It's probably at the stage that card payments need to be factored into the price and give discount accordingly for cash.

F**king hate those charges on the ATMs. Refuse to pay them. I'll walk 1/2 a mile to get another machine than pay £1.25 to withdraw my own money.
I tend to be more card now. To the extent it's a nightmare getting £1's for afterschool/ clubs etc. got one of those new thin wallets with no room for coins so rarely have cash at all. Keep the shrapnel in the car for parking/ tolls etc. love the factor bars are card now. Saves a lot of hassle!!

This + 1000
I would walk a mile rather than pay to take my own money out.

Robbing fucks

"Robbing fucks". Catch a grip ffs.

It's like any other service you pay for. Take it out of the bank for free. Can't be arsed to go to the bank, or aren't carrying the cash to cover your needs after hours? Pay for the convenience.

No I understand it's a service. I'm just saying, I make a point of avoiding it. I know the logic might not make a lot of sense given I'd have easier options to save 1.25, but I never claimed to be logical.

[AustinPowers]

Question for those who  rarely or never use cash....

Would you  use cash more to pay for goods/shopping  if you were getting a discount?


Here's a video from the US , with  businesses offering  discount  (some up to 10%) to customers if they pay in cash, as  it  works out cheaper for  them without  bank charges

[Milltown Row2]

Thats daft, everyone would do something different if it worked out cheaper, but it will be a cashless society soon enough

[Taylor]

The banks get everyone, every way. A shopowner told me the rates were cheaper for him to use his own cash to fill the in-store ATM, and keep the ATM free, than it was to lodge it in the bank. However, if I'm expected to pay to withdraw cash from an ATM then why should I take the hit rather than the retailer? It's probably at the stage that card payments need to be factored into the price and give discount accordingly for cash.

F**king hate those charges on the ATMs. Refuse to pay them. I'll walk 1/2 a mile to get another machine than pay £1.25 to withdraw my own money.
I tend to be more card now. To the extent it's a nightmare getting £1's for afterschool/ clubs etc. got one of those new thin wallets with no room for coins so rarely have cash at all. Keep the shrapnel in the car for parking/ tolls etc. love the factor bars are card now. Saves a lot of hassle!!

This + 1000
I would walk a mile rather than pay to take my own money out.

Robbing fucks

"Robbing fucks". Catch a grip ffs.

It's like any other service you pay for. Take it out of the bank for free. Can't be arsed to go to the bank, or aren't carrying the cash to cover your needs after hours? Pay for the convenience.

Absolutely robbing fucks - £1.25 for an automated transaction?

I gauge robbing fucks on if they are fleecing people or not (same as any product or service I purchase or decide not to for the above reason).

[Milltown Row2]

Someone has to pay for the upkeep of the automation, the filling it, the supplying it, the maintenance of it, making and it and so on ..

I'd be more concerned with interest rates and what you actually pay for a mortgage over 25/30 years! The bastids

[thebigfella]

As I said, there are loads of hidden costs and risks if dealing with cash, and when not evading tax. I'd like someone to do a realistic comparison, and not just the usual hyperbole about how a the payment providers are screwing them.

Yes I want a cash discount if you are going to avoid putting its through the books as one you are not paying VAT and should not be collecting it etc....

[AustinPowers]

Thats daft, everyone would do something different if it worked out cheaper, but it will be a cashless society soon enough

It will be with that  attitude