To think cash transactions above £250 should be banned

[coconuttella]

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.

Well done op. You've seen sense and come back to admit it. Not quite the rules of AIBU tho, you're supposed to carry on even though you know you're wrong

@coconutella of course it’s not absurb paranoia!! Get your head out of your arse ffs.

Facebook -data flying all over the place, including your location and a permanent log of anything you utter on social media;
Cookies on every website;
Being pestered for email address for everything, even for shop receipts;
using google which is only a search engine after all but keeps a log of everything you go: go look at your google stats. My husband watched porn in 2006 and it was the first entry. That should have been private,no?
iTunes... you need tech to access your own music. You willingly upload your music which you have bought and are then pretty much handing your access over to a technology company.

Everything you do is monitored and this includes card transactions obviously. This is not paranoia, it’s fact. Do you not imagine banks could be using your transaction info?

And this is why I read books, play cds, print out my photos, AND PAY CASH.

What about people who get paid in cash? My wages come with a payslip, I pay tax, NI etc, but it's in cash. I'd have to go to the bank, pay it in, then pay by card, much easier to just spend the cash!

(The word cash has now lost all meaning)

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

Which breaches your merchant agreement and puts your customers at serious risk. I am as card payment FTW as you like, but this is mad.

BitOutOfPractice

Read my response at 9:04.

I stubbornly tried to defend my position, but the weight of responses made me realise my idea was ill-conceived.

@Reddington - it's not illegal but you have to have permission from the card Co to process transactions where the buyer is not present. Even of you don't, its not illegal but you risk the card Co rejecting it.

I’d love to see how a cash ban over £250 would work. Hahaha imagine ringing the police because someone had withdrawn £300 from the hole in the wall.
Op, seriously, what are you on?

What about people who get paid in cash?

Didn’t know that still happened!

Pretty sure that wouldn’t be PCI/DSS compliant

It’s not, and anyone doing so deserves a world of hurt for doing so. It will only be illegal later this year but currently will be a breach of regulations, breach of contract with the payment terminal supplier and if caught will incur fines and possibly be liable for the costs of a full forensic audit. Breach PCI at your peril....

Years ago, when I was a student, I tried to pay for a laptop at Argos using my debit card. It was declined, because I never usually spend that much in one go. I had to go to the bank and withdraw £600.

And that's another reason why cash transactions over £250 might be necessary.

Great idea OP, let's all buy online from Amazon instead using our cards... Oh, hang on a minute, which company's managed to pay almost no corporations tax in the UK in the last few years, a loss to the Exchequer orders of magnitude greater that a few tradesmen doing couple of hundred quid jobs cash in hand.

Economics not really your strong suit, is it OP?

They refund even if you have proof of delevry recorded delivery with the company providing recept of delervy with a phote of the parcal at the buyers address along with the correct type of signed receipt is not enough to stop paypal refunding the buyer (i dont think anything is tbh even if you follow their guidelines exactly they still refund). Cash or bank transfers are the only way not to be scammed (if you know how to check for conifet notes that is i bloody got one from a bank teller....)

People need cash to buy cars .... second hand ones .... people should not be allowed to buy new cars in cash ..... dodgy as fuck!

VanGogh you’re right about the legality although it will be later this year. It’s not processing payments without the card holder present that’s the issue here, it’s the writing down/storage of the card details that’s not PCI compliment and anyone doing this deserves everything they get.

What about business to business transactions done using cash? This is really common with small businesses paying suppliers etc and I don't believe it's usually an attempt to avoid tax. If these cash payments were banned, the supplier would have to invoice and wait for payment. This can cause problems as not everyone is prompt making payments. A new company or one that has struggled previously may find it difficult to find suppliers at all!

Yes, bank transfers can be done immediately but in practice it is difficult for a delivery driver to insist on this whereas if something is cash on delivery they can just wait to receive cash before unloading goods.

lol what?

I’m buying a new car this afternoon (true story) It’s two and a half grand.
I’ll be paying with cash.
So you think I shouldn’t be allowed?

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

Well, that's surprised me! I admit I've never bought a new car, but I have bought 2nd hand for £1000s, and used a card. The thought of withdrawing £10,000s in cash from a bank and then carrying it about to pay for a car would freak me out. It's not like you can usually drive off in a new car either, so I can't see any benefit?

Cash is immediate money for the seller;
Payment by credit card means the seller has to wait 24 hours, or sometimes up to 3 days, before they can use that money.
For someone who might need to pay bills urgently, or buy supplies, that is important.

We should all know the hassle Paypal can cause an online seller, with an awkward customer.

Then there are those with bad credit, or who don't trust themselves with credit;
those without a long enough UK credit history - friends who lived in Oz several years had this problem when they returned to the UK.

I have bought 2nd hand for £1000s, and used a card.

Not from a private seller you haven’t

Blimey, not sure why so many people have to be so bolshy and rude with their replies. There is no need to be so unpleasant.

OP I don't think your original idea was that daft and I see where you were coming from.

I generally don't pay workmen in cash but occasionally it's hard not to. In fact I did it the other day. I offered instant bank to bank transfer but he wanted actual notes. There can't be any other reason other than wanting to keep the transaction off record.

I'm sorry to say I still paid it as I needed the work done immediately. It's dodgy though.

I've also recently sold a car and got paid in cash. I sold it to a car dealership but I'm sure it was legit as I had proper receipts etc.... At least I hope it was legit.

You don't need to use PayPal etc. You can do an online bank transfer.

A private individual selling their car might well regard cash as the safest form of payment.
I once had a cash transaction for 1000s with us both sitting inside my bank, so no worry about being mugged

What if you don’t want to use online banking?

crispy wanting cash can be dodgy, or it can be just wanting the immediate readies safe in his hand, available to spend immediate;y

Wtf? Weirdo