| Good to see some common sense returning..... 07:39 - Sep 14 with 5863 views | BanksterDebtSlave |
"The number of people who live “largely cashless lives” – defined as either using no notes or coins at all, or using them only about once a month – had been rising every year for some time, and hit 23.1 million in 2021. But in 2022 the trend went into reverse, falling to 21.6 million."
https://www.theguardian.com/business/2023/sep/14/cash-payments-rise-in-uk-as-peo
"Cash use has been in long-term decline, but the banking body UK Finance said the cost of living crisis had prompted many people to turn back to “tangible” physical money to help them manage their budgets." |  |
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| Good to see some common sense returning..... on 20:36 - Sep 14 with 1518 views | GlasgowBlue |
| Good to see some common sense returning..... on 20:29 - Sep 14 by BloomBlue |
Genuine question, how much are you charged per transaction when the customer uses a card/app.
I was chatting last week with an owner of a small cafe and he was saying if a customer spends £5 he only receives £4.80 from the card/app company. Whereas if the customer pays with cash then he receives all of the £5.
Which is why he only accepts cash payment if its under £10 |
Visa Debit Card 0.40%
Mastercard Debit Card 0.40%
Visa Credit card 0.80%
Mastercard Credit card 0.8 %
Mastercard Commercial Credit card 1.8%
Mastercard Premium Credit card 1.8%
Visa Business Credit Card 1%
Visa Corporate Credit Card 1.8%
Mastercard Corporate Credit 1.8% |  |
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| Good to see some common sense returning..... on 22:12 - Sep 14 with 1447 views | BloomBlue |
| Good to see some common sense returning..... on 20:36 - Sep 14 by GlasgowBlue |
Visa Debit Card 0.40%
Mastercard Debit Card 0.40%
Visa Credit card 0.80%
Mastercard Credit card 0.8 %
Mastercard Commercial Credit card 1.8%
Mastercard Premium Credit card 1.8%
Visa Business Credit Card 1%
Visa Corporate Credit Card 1.8%
Mastercard Corporate Credit 1.8% |
Thanks, certainly higher than I thought in some of those examples. |  | | |
| Good to see some common sense returning..... on 22:43 - Sep 14 with 1429 views | itfcjoe |
People will miss cash when it’s gone, and they have piled up loads of debt because it’s easy to just flash a card about and not know what you are spending |  |
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| Good to see some common sense returning..... on 22:54 - Sep 14 with 1391 views | Kropotkin123 |
| Good to see some common sense returning..... on 20:36 - Sep 14 by GlasgowBlue |
Visa Debit Card 0.40%
Mastercard Debit Card 0.40%
Visa Credit card 0.80%
Mastercard Credit card 0.8 %
Mastercard Commercial Credit card 1.8%
Mastercard Premium Credit card 1.8%
Visa Business Credit Card 1%
Visa Corporate Credit Card 1.8%
Mastercard Corporate Credit 1.8% |
And the % to deposit cash? |  |
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| Good to see some common sense returning..... on 23:01 - Sep 14 with 1381 views | MattinLondon |
| Good to see some common sense returning..... on 22:43 - Sep 14 by itfcjoe |
People will miss cash when it’s gone, and they have piled up loads of debt because it’s easy to just flash a card about and not know what you are spending |
A rather patronising comment. I tend to only use cards etc but I still know how much I have in the bank what with statements etc being easy to look at on banking apps. I suspect the people who just flash their cards all over the place were the same with cash. |  | | |
| Good to see some common sense returning..... on 23:23 - Sep 14 with 1355 views | Butterbing |
| Good to see some common sense returning..... on 20:08 - Sep 14 by GlasgowBlue |
Here we go again.
Not posted since May and your only three posts since your return are pops at me. You are so obvious.
Cleaner was slightly amusing, but you're div listed along with your other user names. [Post edited 14 Sep 2023 20:15]
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Eh? Who am I supposed to be? |  | | |
| Good to see some common sense returning..... on 23:28 - Sep 14 with 1345 views | Bury_St_Edmundson |
| Good to see some common sense returning..... on 18:21 - Sep 14 by BanksterDebtSlave |
And we get told it's consumer choice to go cashless. |
I choose to go cashless
main job = bacs
2nd job = paypal |  | | |
| Good to see some common sense returning..... on 23:29 - Sep 14 with 1344 views | Kropotkin123 |
| Good to see some common sense returning..... on 23:23 - Sep 14 by Butterbing |
Eh? Who am I supposed to be? |
Always thought you were meant to be Gandalf the Grey [Post edited 14 Sep 2023 23:30]
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| Submit your 1-24 league prediction here -https://www.twtd.co.uk/forum/514096/page:1 - for the opportunity to get a free Ipswich top. | | Poll: | Would you rather | | Blog: | Round Four: Eagle |
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| Good to see some common sense returning..... on 23:56 - Sep 14 with 1317 views | BanksterDebtSlave |
| Good to see some common sense returning..... on 23:28 - Sep 14 by Bury_St_Edmundson |
I choose to go cashless
main job = bacs
2nd job = paypal |
Congratulations, I would like the choice not to but sometimes I need to park my car......etc etc....
Edit....festivals will definitely be off the agenda too. [Post edited 15 Sep 2023 7:45]
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| Good to see some common sense returning..... on 08:49 - Sep 15 with 1213 views | DJR |
| Good to see some common sense returning..... on 22:43 - Sep 14 by itfcjoe |
People will miss cash when it’s gone, and they have piled up loads of debt because it’s easy to just flash a card about and not know what you are spending |
Interesting to note that the cost of living crisis has led to an increase in the use of cash because for some people cash is better from a budgeting point of view.
It was also something I used to do when younger, with less income, for precisely that reason.
https://www.msn.com/en-us/news/other/number-of-cash-payments-rises-for-first-tim [Post edited 15 Sep 2023 8:50]
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| Good to see some common sense returning..... on 08:53 - Sep 15 with 1204 views | StokieBlue |
| Good to see some common sense returning..... on 22:43 - Sep 14 by itfcjoe |
People will miss cash when it’s gone, and they have piled up loads of debt because it’s easy to just flash a card about and not know what you are spending |
I find this argument quite strange whenever it's presented. It seems like something that was valid 10+ years ago but with modern banking apps and notifications it seems far less valid now.
Perhaps it's my own mindset but it makes no difference to me if I am spending cash or digital, I still know I am spending.
In fact when I am using Starling (which I do 100% of the time and don't carry cash) I instantly get notifications of what I just spent and can see them immediately in the app. I think I find it easier to see digital spending rather than cash spending.
Might not hold true for everyone of course.
SB |  | | |
| Good to see some common sense returning..... on 08:58 - Sep 15 with 1198 views | BiGDonnie |
| Good to see some common sense returning..... on 10:11 - Sep 14 by J2BLUE |
I'm card only with £15 tucked away in my phone case which has been used about two times in the last decade.
Once on Christmas Day at a Felixstowe cafe when my mum was doing that dip in the sea thing for charity and once when driving through Burger King. |
Did you have to leave the £15 for the repairs at burger king? |  |
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| Good to see some common sense returning..... on 08:59 - Sep 15 with 1197 views | Ewan_Oozami |
| Good to see some common sense returning..... on 15:52 - Sep 14 by giant_stow |
You didn;t ask me but I think the primary worry is tracking what you spend and where, then how this info could be used. There's been some stuff on how big data can be used to predict actions for instance.
The big fear to my mind is that If everyone becomes reliant on cards / cash become obsolete, then a future, possible dodgy govt will have the power to shut people out of society / determine what can and can't be bought / control the population through the most base of means. |
That's only if people vote for such a Govt, and the UK public would never be that stup...oh... |  |
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| Good to see some common sense returning..... on 09:13 - Sep 15 with 1192 views | The_Flashing_Smile |
| Good to see some common sense returning..... on 08:53 - Sep 15 by StokieBlue |
I find this argument quite strange whenever it's presented. It seems like something that was valid 10+ years ago but with modern banking apps and notifications it seems far less valid now.
Perhaps it's my own mindset but it makes no difference to me if I am spending cash or digital, I still know I am spending.
In fact when I am using Starling (which I do 100% of the time and don't carry cash) I instantly get notifications of what I just spent and can see them immediately in the app. I think I find it easier to see digital spending rather than cash spending.
Might not hold true for everyone of course.
SB |
I think he means with actual cash in your hand it feels more real/tangible/valuable than numbers on a screen. Which I think is a fair point. I feel worse handing over £40 in notes than I do transferring 40.00 in numbers, or zapping my card on a card reader (although this is what I mostly do).
Probably a bit of an old fashioned view that is dying out as cash dies out. I don't have any data but I imagine people more readily spend if it's easier to do and you don't have to think about it so much. |  |
| Trust the process. Trust Phil. |
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| Good to see some common sense returning..... on 09:38 - Sep 15 with 1175 views | StokieBlue |
| Good to see some common sense returning..... on 09:13 - Sep 15 by The_Flashing_Smile |
I think he means with actual cash in your hand it feels more real/tangible/valuable than numbers on a screen. Which I think is a fair point. I feel worse handing over £40 in notes than I do transferring 40.00 in numbers, or zapping my card on a card reader (although this is what I mostly do).
Probably a bit of an old fashioned view that is dying out as cash dies out. I don't have any data but I imagine people more readily spend if it's easier to do and you don't have to think about it so much. |
I guess it's down to the individual, it makes no difference to me, in the end both are abstract constructs for paying for something.
I actually prefer to immediately see what it cost in the notification, in many places you can't hear the price and have no idea of the change.
SB | | | |
| Good to see some common sense returning..... on 09:47 - Sep 15 with 1169 views | itfcjoe |
| Good to see some common sense returning..... on 08:53 - Sep 15 by StokieBlue |
I find this argument quite strange whenever it's presented. It seems like something that was valid 10+ years ago but with modern banking apps and notifications it seems far less valid now.
Perhaps it's my own mindset but it makes no difference to me if I am spending cash or digital, I still know I am spending.
In fact when I am using Starling (which I do 100% of the time and don't carry cash) I instantly get notifications of what I just spent and can see them immediately in the app. I think I find it easier to see digital spending rather than cash spending.
Might not hold true for everyone of course.
SB |
I think it's more of a night out thing - I was quite content back in the day having £20 in my walllet, with an emergency £20 at all times knowing that once that money is gone that is my night over and I would either stay out and just not drink any more or go home.
Now, I see my bank after nights out and it can be a disgrace
It's obviously my own fault, and plenty of people manage etc - but I personally don't think it is good for trying to control spending to have your available funds in your wallet, or on your phone to be spent anywhere you want it.
I'm fortunate to be a decent earning, and have decent disposable income, but it means I don't ever think about what I'm spending until I run out of money and by that point I'm in a hole. I'd say it's the same for things like online gambling, online shopping etc - it's so easy to spend more than you want to do so | |
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| Good to see some common sense returning..... on 09:54 - Sep 15 with 1158 views | WeWereZombies |
| Good to see some common sense returning..... on 09:47 - Sep 15 by itfcjoe |
I think it's more of a night out thing - I was quite content back in the day having £20 in my walllet, with an emergency £20 at all times knowing that once that money is gone that is my night over and I would either stay out and just not drink any more or go home.
Now, I see my bank after nights out and it can be a disgrace
It's obviously my own fault, and plenty of people manage etc - but I personally don't think it is good for trying to control spending to have your available funds in your wallet, or on your phone to be spent anywhere you want it.
I'm fortunate to be a decent earning, and have decent disposable income, but it means I don't ever think about what I'm spending until I run out of money and by that point I'm in a hole. I'd say it's the same for things like online gambling, online shopping etc - it's so easy to spend more than you want to do so |
This is an excellent point, and the other aspect of this relates to good social order and health. If you allot a twenty pound note (or a couple of tenners) to a night out you are unlikely to be racking up more than three or four pints. Then you know you have probably had enough, easier to get carried away with a tap on a screen. For goodness sake, you might even end up getting a round in... |  |
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| Good to see some common sense returning..... on 09:55 - Sep 15 with 1158 views | StokieBlue |
| Good to see some common sense returning..... on 09:47 - Sep 15 by itfcjoe |
I think it's more of a night out thing - I was quite content back in the day having £20 in my walllet, with an emergency £20 at all times knowing that once that money is gone that is my night over and I would either stay out and just not drink any more or go home.
Now, I see my bank after nights out and it can be a disgrace
It's obviously my own fault, and plenty of people manage etc - but I personally don't think it is good for trying to control spending to have your available funds in your wallet, or on your phone to be spent anywhere you want it.
I'm fortunate to be a decent earning, and have decent disposable income, but it means I don't ever think about what I'm spending until I run out of money and by that point I'm in a hole. I'd say it's the same for things like online gambling, online shopping etc - it's so easy to spend more than you want to do so |
Once again it's an individual thing though. Many would just go to the cash machine and take out more money on a night out after a certain point.
You can allocate money to different accounts so you don't spend it all once you hit a limit, I do concede there is scope to spend more depending on individual traits but that scope exists with cash and ATMs as well.
In the end whatever works for the individual is obviously the best thing for them.
SB | | | |
| Good to see some common sense returning..... on 10:09 - Sep 15 with 1131 views | itfcjoe |
| Good to see some common sense returning..... on 09:55 - Sep 15 by StokieBlue |
Once again it's an individual thing though. Many would just go to the cash machine and take out more money on a night out after a certain point.
You can allocate money to different accounts so you don't spend it all once you hit a limit, I do concede there is scope to spend more depending on individual traits but that scope exists with cash and ATMs as well.
In the end whatever works for the individual is obviously the best thing for them.
SB |
Yeh I'm not saying people shouldn't have the option to do either way and it obviously works for some people
It's more the point that like everything in society we have these huge powerful corporate entities - whether it be tobacco firms, gambling firms, big food producers cramming us with UPF - who are just trying to extract as much money out of our pocket at every turn, to put it into theirs. That this 'convenience' can be managed by some people better than others is by the by, the system is set up for you to spend more freely and loosely and it takes control to not follow the instincts | |
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| Good to see some common sense returning..... on 11:30 - Sep 15 with 1100 views | m14_blue |
| Good to see some common sense returning..... on 20:29 - Sep 14 by BloomBlue |
Genuine question, how much are you charged per transaction when the customer uses a card/app.
I was chatting last week with an owner of a small cafe and he was saying if a customer spends £5 he only receives £4.80 from the card/app company. Whereas if the customer pays with cash then he receives all of the £5.
Which is why he only accepts cash payment if its under £10 |
Except there are many costs associated with taking cash, both with physically processing it and also with storage/transport/security etc.
This approach is totally bonkers, even if it does work out marginally more cost effective (of which I'm really sceptical) then if just one customer walks away because they don't have cash then any saving is wiped out many times over. |  | | |
| Good to see some common sense returning..... on 12:40 - Sep 15 with 1054 views | J2BLUE |
| Good to see some common sense returning..... on 09:13 - Sep 15 by The_Flashing_Smile |
I think he means with actual cash in your hand it feels more real/tangible/valuable than numbers on a screen. Which I think is a fair point. I feel worse handing over £40 in notes than I do transferring 40.00 in numbers, or zapping my card on a card reader (although this is what I mostly do).
Probably a bit of an old fashioned view that is dying out as cash dies out. I don't have any data but I imagine people more readily spend if it's easier to do and you don't have to think about it so much. |
Agree.
With cash, you kind of need to keep an eye on what you are spending. Often with a card payment I have no idea what I just paid until I check the payment notification.
Kind of agree with Stokie about budgeting but if people take £50 in cash shopping they have £50. If you take a card with £100 on you might spend more. Just human nature I think. |  |
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| Good to see some common sense returning..... on 13:10 - Sep 15 with 1006 views | azuremerlangus |
Went out for a few beers and a curry during the week and used cash. Feels much more cumbersome than I remember and most places saw it as the least preferred option for payment. |  |
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| Good to see some common sense returning..... on 13:16 - Sep 15 with 1003 views | MattinLondon |
| Good to see some common sense returning..... on 12:40 - Sep 15 by J2BLUE |
Agree.
With cash, you kind of need to keep an eye on what you are spending. Often with a card payment I have no idea what I just paid until I check the payment notification.
Kind of agree with Stokie about budgeting but if people take £50 in cash shopping they have £50. If you take a card with £100 on you might spend more. Just human nature I think. |
Do you think that this mindset could well be a generational thing? For example, someone under 25 who has grown up with electronic payments etc will look at their card or phone on the same way as someone over 40 will look at cash? | | | |
| Good to see some common sense returning..... on 13:19 - Sep 15 with 998 views | giant_stow |
| Good to see some common sense returning..... on 13:16 - Sep 15 by MattinLondon |
Do you think that this mindset could well be a generational thing? For example, someone under 25 who has grown up with electronic payments etc will look at their card or phone on the same way as someone over 40 will look at cash? |
I'm firmly in the older camp, but use my card nearly all the time, despite my misgivings. I just like the option to pay with cash too. It's also the most useful thing for paying mates your share for stuff, or smaller purchases. |  |
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| Good to see some common sense returning..... on 13:25 - Sep 15 with 980 views | J2BLUE |
| Good to see some common sense returning..... on 13:16 - Sep 15 by MattinLondon |
Do you think that this mindset could well be a generational thing? For example, someone under 25 who has grown up with electronic payments etc will look at their card or phone on the same way as someone over 40 will look at cash? |
Maybe. If you have £10 in an account or £10 in cash it doesn't make much difference. If you have £100 in an account or £10 in cash then you can obviously spend more if you want to than you could if you left your card at home and took cash.
I do agree it's mainly about budgeting though. I may have sounded a bit reckless above but I do track my expenses on a basic spreadsheet. My money is well managed. | |
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