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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

To think cash transactions above £250 should be banned

252 replies

coconuttella · 14/04/2018 08:34

Because let’s face it, the vast majority of cash transactions above that level are done to evade tax in one way or another... and those cash transactions that aren’t could easily be done another way.

OP posts:
OnionKnight · 14/04/2018 08:53

What a fucking ridiculous idea.

Original poster
coconuttella · 14/04/2018 08:54

A discount for cash can be very legitimate, and helps with a buisness’ cash flow, that than sending out an invoice to be paid in 30/60 days.

A discount for prompt payment is legitimate... I can transfer money into an account far more quickly than you could drive to the bank and pay it in!

OP posts:
Original poster
coconuttella · 14/04/2018 08:55

Yabu I prefer to pay cash for large purchases

Why? Seems there’s a lot of Del Boy / Minder types on here this morning!

OP posts:
ificouldwritealettertome · 14/04/2018 08:55

worridmum this happened to me! £800 of furniture. The delivery driver even had a signature- we sent it to PayPal and they rejected it and refunded the full amount. Heart breaking

Smilesawyer · 14/04/2018 08:55

I've never heard something so ridiculous. What about buying a new car for example?

DidNotThinkItWouldHappenHere · 14/04/2018 08:56

Many businesses that have cash based sales make payments in cash to suppliers because that saves them being charged to pay the money into the bank and then being charged to take it out again. All entirely legitimate and above board.

CraftyGin · 14/04/2018 08:56

Not all people embrace online banking.

Lovesagin · 14/04/2018 08:56

And dont forget there's older people like my mum who sometimes don't like using cards and use cash wherever possible so there's less risk of card cloning etc

It is a fucking ridiculous idea.

ificouldwritealettertome · 14/04/2018 08:57

Seems there’s a lot of Del Boy/Minder types on here this morning ahh I see- you came on here for a fight.

Well, this is a stupid enough notion to ensure many people disagree with you so, well done!

reddington · 14/04/2018 08:57

You never, EVER accept PayPal for something that’s being collected. That’s basic ebay.

Lovesagin · 14/04/2018 08:57

You dont need to know why op, I just do :)

And defo not a del boy type Grin

TheDailyMailLovesTheEUReally · 14/04/2018 08:57

I dislike paypal and don't use it. Paying with cash is a useful way of helping budget. It's very easy to spend using your card - contactless tapping - without realising how much you are actually spending. Whereas paying in cash quite often helps people to get a better grip on what they are spending because they can physically see the money being handed over.

And as for "absurd paranoia" about being so traceable - really? Your credit/debit card provides a very efficient audit trail of where you have been and what you've been buying. If you don't believe it then try watching the C4 series "Hunted" (people have to evade capture for 30 days whilst being tracked by experienced detectives). Cash is anonymous.

Trampire · 14/04/2018 08:57

YABU.

Fir the past two years I've been a victim of identity theft and (to cut a very long and complicated story short) I have often been left for weeks without cards. PayPal account is frozen and locked under my instruction. I've had to rely on my dH getting me out wads of cash to use like a 1950's housewife at times.

I've had to buy new glasses £320, a rug £270 and many other things using cash in the past. A bloody lifeline for me.

mindutopia · 14/04/2018 08:59

Also not everywhere has the data networks to do anything but cash sales. We run a family business and trade at lots of festivals. We’re in the south west and still about 1/3 if our events each summer have no network coverage at all. So we can’t use our card reader there. We try to find ways around it (we literally write down people’s card details and process payments when we get home, products are for delivery anyway). But not everyone is comfortable with that, so we take a lot of cash payments as well.

lljkk · 14/04/2018 08:59

DH bought DD's phone for cash. About £300 few months pre-owned iphone SE. Good deal on both sides & cash felt safest on both sides.

PinkSparklyPussyCat · 14/04/2018 09:00

What a stupid idea. DH is a handyman and doesn’t accept credit card payments. Many of his customers are elderly and pay by cash which he then puts through the books. What’s he supposed to do, turn down work from people without online banking?

Some people just don’t have a clue.

PerfectlySymmetricalButtocks · 14/04/2018 09:00

I don't keep money in my account for more than a few hours and don't want a credit card, that would really fuck me up.

reddington · 14/04/2018 09:01

we literally write down people’s card details and process payments when we get home

Pretty sure that’s illegal.

Lovesagin · 14/04/2018 09:02

Maybe op wants some sort of social cleansing? Stop the undesirable pensioners, awkward people who prefer cash and people not good with managing 'virtual' money preferring to use cash from being able to buy large purchases such as big TVs etc Hmm

Original poster
coconuttella · 14/04/2018 09:04

Ok. You’ve all convinced me..... Was an idea I had while getting up this morning. Thank you for everyone’s robust responses!

OP posts:
ratspeaker · 14/04/2018 09:05

If I was selling something through Ebay or Gumtree I would not accept paypal for a collected item.
Paypal want proof of delivery ie receipt from posting or courier. I' ve heard of people collecting item, then claiming not to have got it and paypal refunding
www.mumsnet.com/Talk/ebay/3200389-Seller-has-sent-payment-for-item-being-collected-in-person

SaucyJane · 14/04/2018 09:05

Classic AIBU.

Op: AIBU because assumption?

Everyone else: yes

OP: you're all wrong/delboy/paranoid/on the fiddle

BitOutOfPractice · 14/04/2018 09:05

Oh, it's one of those AIBU's

Op: AIBU?
Mn: well yes you are for xyz reason
Op: no I'm fucking not

Original poster
coconuttella · 14/04/2018 09:06

We try to find ways around it (we literally write down people’s card details and process payments when we get home, products are for delivery anyway).

Pretty sure that wouldn’t be PCI/DSS compliant.

OP posts:
SaucyJane · 14/04/2018 09:06

Oh come on OP, you can't accept it graciously. That's not the script Wink