Cash?

Card only works for a lot of business and events as cash leaks (in plain language people can steal it). There is also a security cost in collecting and banking it.

As to why a business might be cash only, it can be preference but it might be a sign of a very new business or a business in financial trouble. If you are new or have poor credit a lot of suppliers will only accept "COD" (cash on delivery).

I'm probably going to tell this all wrong, so bear with me🙂
Something I read a few weeks ago:

I have £50 cash. I spend it in the restaurant. The owner uses my £50 to pay the greengrocer, the greengrocer uses it to pay for a haircut, the hairdresser uses it to pay for...... you get the picture. At the end of 30 transactions, that £50 is still £50.

Using a card for the same amount would incur a service charge everytime that £50 was recycled. At the end of 30 transactions, it would be worth nowhere near the original value.

I always use my card in supermarkets etc., but for small businesses and market stalls I tend to use cash.

I can’t remember the last time I used cash. I use my phone for everything. Even buskers in tube stations have a device for Apple Pay now.

I agree a move to cash less, would be bad for so many people, easier to budget, some people don’t even have cards, they only use cash, it’s all they have known.

Not so long ago shops wouldn’t allow you to use cards for under a fiver, now there is no limit imposed.

I was speaking to a market trader yesterday, when bought my veg, she said she had recently visited a coffee shop in our city and was told card only, she is partially sighted and feels safer paying cash as she struggles to see numbers on the display, etc, she was going to leave when another customer paid for her coffee for her by card, while telling the coffee shop staff, it was wrong not to accept cash.

But like everything in life, unless people use cash, withdraw from banks, atms, not doubt it will disappear overtime. Plans seem well underway, saw a document online from BOE about digital currency, some time ago now, Google it.

Teams

I work in a company that has stopped taking cash.
The reason? Small trans, lack of decent bank facilities and COVID

If I come across people who are pushing for no cash, I have my suspicions about them.

Or who realise the agenda going on

Incorrect. That's not what Making Tax Digital Means.

You cannot file corporation tax returns on paper without being fined except in a number of very limited, very specific circumstances.

You can file personal tax and partnership returns on paper without penalty if you file them three months early.

A sole trader would file a personal tax return and could file on paper (although this is heavily discouraged - HMRC don't even send out paper returns anymore as a broad rule). A company would file a corporation tax return electronically. Companies have had to file electronically for over 10 years now.

A little Google is a dangerous thing...

Exactly the same could happen if you lost your purse or had it stolen!

Hate using my card !! And what's worse is if your out and about and lose your card and someone finds it they can go on a shopping spree and you wouldn't know

Personally I hate cash and love card only spending using my Apple Watch which is so handy. I'd be happy to get rid of cash altogether.

In a cashless society you would be at the mercy of the government, banks and (usually global) mammoth organisations who are unlikely to have your best interests at heart (see the Go Fund Me example above).

You may think wearing just your watch is liberating, but you can actually end up trapped

I use cash most of the time. I take out £X per week and that is my budget,

my 18 year old daughter does it. She takes out money for spends like costa or what ever and only buys fuel on card. I hope it will carry on to uni,

most places round here use cash.

If I owned a business I would be card only. Cash on the premises is too big a risk of robbery.

Our Co-op had self-service card-only tills. It now has some self-service cash and card tills as it had simply led to long queues at the only cashier till where you could still pay cash.

More people must be using cash. My big local Tesco and Lidl have cash options on the serve yourself tills. Previous they were cards only

I noticed this at Decathlon also

The amount of people who think it's fine to give you a £10 note that they've been holding IN THEIR MOUTH while they fuck around with their phone is disgusting

Everything you touch once you are out of the house is 'filthy' as it has been touched by other people (think traffic lights, on the bus, literally everywhere). This argument is silly

YANBU @Flutterbybudget

The cashless trend is dangerous. You only have to see what happened recently with the tractors' peaceful protests in Canada. Those in favour of the protests who had sent donations through Go Fund Me had their bank accounts frozen and funds redirected to a different cause. Read about it. It's scary.

Cash equals freedom (and it has nothing to do with tax avoidance). Maybe people are waking up to this issue as lately I've seen more and more shops with 'we prefer cash payments if possible' signs.

I try to actively avoid 'Card Only' establishments and stick to those accepting both methods of payment where possible

Independents still opened in my high street. No lighting, no security whether they were open or not. Transactions cash only and cashiers wrote down purchases for the record. The chains all closed, but I could still buy things I needed with cash.
I have no issue with anyone not wanting to use cash ever. But technology can and does fail.

I am not using my phone to pay. Because it has a bigger screen it will not fit into my trouser pocket, I have to put it in a handbag which is far less secure and much more easily stolen.

@Zippea

I'm sorry you couldn't get the cold drink you wanted? Did you have your phone with you, if not a bank card?

Could you set up apple or Google pay on your phone for future use?

Cash is only legal tender to pay a debt.

Shops and restaurants have the legal right not to serve anyone they choose for any reason (other than legally protected descrimination characteristics such as sex, religion, etc).

I suppose it's arguable that once you've had your meal and have been presented with the bill, then you have a "debt" to pay and could force them to accept cash, but if they've got signs up saying "card only" or tell you it's card only beforehand, then you're in breach of contract by trying to pay in cash only!