Cashless society

Me and the Mrs sometimes go in the arndale
For brekky, there’s a stall in the market area that does a mean egg and bacon barn
And was always cash only.
I asked him why obviously knowing why but asked him anyway out of curiosity and he said he is charged 2.5k a year to use a card system.
No wonder a lot of these smaller shops still say cash only.
He’s since dropped into the card and cash system. What a fucking rip off this is.
Yet another example of ripping of small businesses.
 
roach3 said:
Me and the Mrs sometimes go in the arndale
For brekky, there’s a stall in the market area that does a mean egg and bacon barn
And was always cash only.
I asked him why obviously knowing why but asked him anyway out of curiosity and he said he is charged 2.5k a year to use a card system.
No wonder a lot of these smaller shops still say cash only.
He’s since dropped into the card and cash system. What a fucking rip off this is.
Yet another example of ripping of small businesses.
Click to expand...

Then that business owner is an idiot. I guarantee he’s losing more than £2.5k a year in revenue by not taking card payments.

I haven’t carried a wallet for years let alone cash and this is now the norm.

Any business that is relying on cash sales from FOCs is going to have to adapt or fail.

Sam Smiths pubs are the same. I haven’t been in one for about 8 years for that reason.
 
roach3 said:
Me and the Mrs sometimes go in the arndale
For brekky, there’s a stall in the market area that does a mean egg and bacon barn
And was always cash only.
I asked him why obviously knowing why but asked him anyway out of curiosity and he said he is charged 2.5k a year to use a card system.
No wonder a lot of these smaller shops still say cash only.
He’s since dropped into the card and cash system. What a fucking rip off this is.
Yet another example of ripping of small businesses.
Click to expand...

I’m no expert but to be charged £2.5K he’d probably be taking something like quarter of a million, which doesn’t sound too bad for a small buttie shop.

I wonder if he’s ever noticed that banks charge a not insignificant fee every time a small business pays cash in over the counter?
 
Stephen230 said:
I’m no expert but to be charged £2.5K he’d probably be taking something like quarter of a million, which doesn’t sound too bad for a small buttie shop.

I wonder if he’s ever noticed that banks charge a not insignificant fee every time a small business pays cash in over the counter?
Click to expand...
Point being I didn’t know you had to pay to use a card machine.
 
Johnny Mars Bar said:
Then that business owner is an idiot. I guarantee he’s losing more than £2.5k a year in revenue by not taking card payments.

I haven’t carried a wallet for years let alone cash and this is now the norm.

Any business that is relying on cash sales from FOCs is going to have to adapt or fail.

Sam Smiths pubs are the same. I haven’t been in one for about 8 years for that reason.
Click to expand...

Businesses need to do both, choice is the key here. I as an OFC understand that many people like the convenience of waving plastic or pinging their phones it's what they want and they should be catered for whenever possible, but cash should also be an option.
 
mexico1970 said:
Businesses need to do both, choice is the key here. I as an OFC understand that many people like the convenience of waving plastic or pinging their phones it's what they want and they should be catered for whenever possible, but cash should also be an option.
Click to expand...

Cash payments in retail are less than 10%.

Given the faff, risks and costs involved if I were to open a retail business tomorrow there’s no way I’d be taking cash. The negatives massively outweigh the positives.
 
Johnny Mars Bar said:
Cash payments in retail are less than 10%.

Given the faff, risks and costs involved if I were to open a retail business tomorrow there’s no way I’d be taking cash. The negatives massively outweigh the positives.
Click to expand...

Yet weirdly I have never had an issue paying cash in any store, direct debits and paypal take care of everything else, payments with cash are not going to go away.

If you have a retail store the good business would be to cater to both cash and card/phone otherwise you will lose business although that's a hypothetical statement because I have yet to enter a retail store that has refused good old wonga.
 
mexico1970 said:
Yet weirdly I have never had an issue paying cash in any store, direct debits and paypal take care of everything else, payments with cash are not going to go away.

If you have a retail store the good business would be to cater to both cash and card/phone otherwise you will lose business although that's a hypothetical statement because I have yet to enter a retail store that has refused good old wonga.
Click to expand...

Loads of places are card / mobile payment only, especially small retail businesses. My local bar and the gift shop down the road from my house are two examples just off the top of my head.

Processing cash is a faff that costs time and money and is increasingly not worth the hassle given next to nobody uses it anymore.

I know some old people will cling onto it in the same way they still like to use pounds and ounces but cash is dying, that’s just a fact.
 
Johnny Mars Bar said:
Loads of places are card / mobile payment only, especially small retail businesses. My local bar and the gift shop down the road from my house are two examples just off the top of my head.

Processing cash is a faff that costs time and money and is increasingly not worth the hassle given next to nobody uses it anymore.

I know some old people will cling onto it in the same way they still like to use pounds and ounces but cash is dying, that’s just a fact.
Click to expand...


I don't know where you live but every store I go to accepts cash, I used to pay my bills with cash but now there is no option. IMHO people pay cash where they can and they do.

My problem is people who think paying by cash is some kind of crime, it's an odd attitude and the busy fuckers need to rein it in :)
 
mexico1970 said:
I don't know where you live but every store I go to accepts cash, I used to pay my bills with cash but now there is no option. IMHO people pay cash where they can and they do.

My problem is people who think paying by cash is some kind of crime, it's an odd attitude and the busy fuckers need to rein it in :)
Click to expand...

I think you must live a very old school life in a bubble mate. Pay bills with cash?!

The real world has moved on. Most people absolutely do not “pay with cash where they can”.
 
Johnny Mars Bar said:
I think you must live a very old school life in a bubble mate. Pay bills with cash?!

The real world has moved on. Most people absolutely do not “pay with cash where they can”.
Click to expand...


I said used to pay cash mate, the option isn't available anymore since banks closed and everyone was forced into paying digitally.

I agree I have an old school life but the new way of thinking is "Everyone" must adapt and that just isn't true, if a business is card only and it works for them then good for them but there's nothing like the feel of a crisp 20 pound note changing hands.

Well, shiny slippery hard to handle 20 pound note now ;)
 
I can see why people do it as it's easier and should be quicker. Also for businesses it limits employee's dipping the till, although some clever ones will find a way. You do have to be careful though. Only on Sunday in the pub the barmaid ( Is this word allowed now, lol? ) Shoved the card reader at me and normally I just tap my card without really checking the amount. Luckily this time I did as it was showing £8 instead of £3.46! Speaking to one old boy later he said when he checks his bank statement he is charged a different price for the same drink quite a lot. Then there is the worry that the powers that be could just cancel your cards and freeze your account. Once done, without cash, you wouldn't be able to buy even a bottle of milk. You would be fucked.
 
Stephen230 said:
I’m no expert but to be charged £2.5K he’d probably be taking something like quarter of a million, which doesn’t sound too bad for a small buttie shop.

I wonder if he’s ever noticed that banks charge a not insignificant fee every time a small business pays cash in over the counter?
Click to expand...
He probably doesn't, he puts all that cash into a big suitcase under his bed and pays all his bills in cash. :)
 
Stephen230 said:
I’m no expert but to be charged £2.5K he’d probably be taking something like quarter of a million, which doesn’t sound too bad for a small buttie shop.

I wonder if he’s ever noticed that banks charge a not insignificant fee every time a small business pays cash in over the counter?
Click to expand...
On my account 2.5k charges equal about 80k
 
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