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Cash
Jun 27, 2020 15:11:50 GMT
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Post by Someone in a tree on Jun 27, 2020 15:11:50 GMT
In Feb of this year I was mugged and my cards took a week to come. Thankfully I borrowed spare credit cards from a neighbour and my partner - but not everyone can do that. Yet I am in favour of generally going cashless. It's cleaner and safer.
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724 posts
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Cash
Jun 27, 2020 15:16:00 GMT
Post by basdfg on Jun 27, 2020 15:16:00 GMT
I have a feeling we will be a cashless society much quicker than we thought. I have no problem with it and I certainly don't want to be handling coins for the forseeable future. It will take some adapting but it will happen in the next few years. My guess is the Government would have to give at least a year's notice so we could all prepare. Going by how busy banks were during the lockdown it will quite a few years
A years notice is fantasyland - there are over a million people without a bank account plus many more with one but who never use their cards.
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Post by talkingheads on Jun 27, 2020 15:16:15 GMT
Also card readers are becoming much cheaper, I saw buskers using them in London so small businesses could do the same
My local bakery still only takes cash and it really boggles the mind especially at the moment, handling food.
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724 posts
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Post by basdfg on Jun 27, 2020 15:17:18 GMT
Also card readers are becoming much cheaper, I saw buskers using them in London so small businesses could do the same My local bakery still only takes cash and it really boggles the mind especially at the moment, handling food. Not sure everyone would trust a busker with a card reader.
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6,316 posts
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Post by Jon on Jun 27, 2020 15:43:45 GMT
I wouldn't be surprised if we see things like WeChat Pay and AliPay where you can pay via QR codes for businesses and individuals.
Many countries are heading towards a cashless society, Sweden is one example where cash transaction have fallen by 80% in the last ten years. You cannot stop progress just to appease the minority.
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724 posts
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Cash
Jun 27, 2020 17:00:55 GMT
Post by basdfg on Jun 27, 2020 17:00:55 GMT
I wouldn't be surprised if we see things like WeChat Pay and AliPay where you can pay via QR codes for businesses and individuals. Many countries are heading towards a cashless society, Sweden is one example where cash transaction have fallen by 80% in the last ten years. You cannot stop progress just to appease the minority. I think it is slowing down there now - certainly plenty of cash being used in the shops on Thursday.
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Cash
Jun 27, 2020 19:11:25 GMT
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Post by dontdreamit on Jun 27, 2020 19:11:25 GMT
I booked an appointment for my two kids to get their haircut the week that it all opens. I normally pay cash and asked what they’d like- cash or card- and they still prefer cash.
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1,177 posts
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Cash
Jun 27, 2020 19:46:21 GMT
Post by joem on Jun 27, 2020 19:46:21 GMT
I'm not in favour of cashless although I don't use it that much. It is increasingly difficult to open bank accounts and there is increasing fraud with cards, especially on the net.
Neither am I in favour of any dogmatism which seeks to force others to change their lifestyles to suit someone else. Live and let live.
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1,907 posts
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Cash
Jun 27, 2020 19:53:39 GMT
Post by sf on Jun 27, 2020 19:53:39 GMT
I'm not in favour of cashless although I don't use it that much. It is increasingly difficult to open bank accounts and there is increasing fraud with cards, especially on the net. Neither am I in favour of any dogmatism which seeks to force others to change their lifestyles to suit someone else. Live and let live.
Are you in favour of taking reasonable precautions to help the people around you keep themselves safe in the face of a global pandemic?
This isn't about forcing people to do anything in particular. It's about asking people - for a limited time - to put others ahead of themselves and do a few small things differently. It's not about "dogmatism", it's about showing respect for other people.
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4,631 posts
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Post by Phantom of London on Jun 27, 2020 20:13:14 GMT
In Feb of this year I was mugged and my cards took a week to come. Thankfully I borrowed spare credit cards from a neighbour and my partner - but not everyone can do that. Yet I am in favour of generally going cashless. It's cleaner and safer. Sorry to hear you were mugged, hope you are alright and must have been a horrible experience for you. I booked an appointment for my two kids to get their haircut the week that it all opens. I normally pay cash and asked what they’d like- cash or card- and they still prefer cash. No doubt want cash for one reason only and that is to pay less tax, on the little tax they pay anyway. I'm not in favour of cashless although I don't use it that much. It is increasingly difficult to open bank accounts and there is increasing fraud with cards, especially on the net. Neither am I in favour of any dogmatism which seeks to force others to change their lifestyles to suit someone else. Live and let live. But you don’t to the best of my knowledge get fraud in shops with card readers. People need to be careful when doing transactions on line, fraud on-line is 100% preventable. When I go out on my bike, I don’t even bother carrying my wallet now, just carry my phone and use that, less chance of losing phone.
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724 posts
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Post by basdfg on Jun 27, 2020 20:37:00 GMT
In Feb of this year I was mugged and my cards took a week to come. Thankfully I borrowed spare credit cards from a neighbour and my partner - but not everyone can do that. Yet I am in favour of generally going cashless. It's cleaner and safer. Sorry to hear you were mugged, hope you are alright and must have been a horrible experience for you. I booked an appointment for my two kids to get their haircut the week that it all opens. I normally pay cash and asked what they’d like- cash or card- and they still prefer cash. No doubt want cash for one reason only and that is to pay less tax, on the little tax they pay anyway. I'm not in favour of cashless although I don't use it that much. It is increasingly difficult to open bank accounts and there is increasing fraud with cards, especially on the net. Neither am I in favour of any dogmatism which seeks to force others to change their lifestyles to suit someone else. Live and let live. But you don’t to the best of my knowledge get fraud in shops with card readers. People need to be careful when doing transactions on line, fraud on-line is 100% preventable. When I go out on my bike, I don’t even bother carrying my wallet now, just carry my phone and use that, less chance of losing phone. Or because the cost of a card reader would push them into the zone of unprofitabilty.
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1,907 posts
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Cash
Jun 27, 2020 20:49:26 GMT
Jon likes this
Post by sf on Jun 27, 2020 20:49:26 GMT
Or because the cost of a card reader would push them into the zone of unprofitabilty. There are plenty of card readers available for small businesses to purchase outright, and there's no need to pay more than about £30. Transaction fees are in the 1%-3% range, but that's not uncompetitive with the cost of arranging the service via a bank. These are not numbers likely to push any business into unprofitability.
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Cash
Jun 27, 2020 21:39:55 GMT
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Post by talkingheads on Jun 27, 2020 21:39:55 GMT
Or because the cost of a card reader would push them into the zone of unprofitabilty. There are plenty of card readers available for small businesses to purchase outright, and there's no need to pay more than about £30. Transaction fees are in the 1%-3% range, but that's not uncompetitive with the cost of arranging the service via a bank. These are not numbers likely to push any business into unprofitability. Precisely. It sounds cynical but if a business is such that buying a card reader would render it unprofitable then it can't have been very profitable to start with! If anything it should lead to more business. I haven't shopped anywhere that only takes cash recently because I just don't carry it, especially nowadays.
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4,631 posts
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Post by Phantom of London on Jun 27, 2020 22:17:10 GMT
I cannot remember the last time, I have wrote a cheque. Even my window cleaner, he drops me a text to say he has done by windows - I then transfer the money straight in his bank account.
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Cash
Jun 28, 2020 6:57:28 GMT
Post by clair on Jun 28, 2020 6:57:28 GMT
There's just one company I pay by cheque - they do have paypal set up but that has a per item charge so it's cheaper to post a cheque. If everything goes to card only it will save me money as I refuse to use a card for buying a cuppa, drink or programme at a theatre etc, I distrust contactless as I know far too many people who have been scammed so small amounts are cash. I'll save money, those places will lose it, simple.
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4,799 posts
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Cash
Jun 28, 2020 7:31:09 GMT
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Post by The Matthew on Jun 28, 2020 7:31:09 GMT
I think the fears about contactless payments are overstated. In principle it's possible for someone to get a card reader close enough to you to read your card without your permission, but they have to get very close indeed — think about how close you need to put your card to the reader to pay — and it's easy enough to store cards in a RF-blocking wallet anyway. And if someone steals your card: that's why the cards revert to chip and pin after (IIRC) five transactions or £130, and in the case of theft the banks have budgeted for refunding the transactions so it's not your loss.
There are stories of people having their bank accounts emptied from across the room, but those are lies. It turns out that banks know what types of card crime there are and take steps to prevent them.
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724 posts
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Post by basdfg on Jun 28, 2020 9:05:02 GMT
If your card gets stolen then days without a card and no where accepting cash would be tough. Remember some people find even phoning up to cancel an account a bit bewildering.
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Post by mortal on Jun 28, 2020 9:52:17 GMT
My card got cloned a year or so ago (got money back no problem) but it took nearly 2 weeks to receive a replacement. I always keep a bit of cash hidden away at home for emergencies and would have been stuffed without it
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Jun 28, 2020 13:23:00 GMT
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Post by Phantom of London on Jun 28, 2020 13:23:00 GMT
You have Apple Pay on your internet enabled phone now, so the card isn’t a physical thing now. As I touched on earlier when I am out on my bike I don’t take my wallet out, less chance of losing in it, I just pay for everything on my phone.
Every card in your wallet/purse I guess it would be possible to put in you Apple Wallet, from your library card to your ATG card, membership cards and maybe your Nectar Card? So do you really need to carry a bulky wallet/purse now?
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724 posts
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Post by basdfg on Jun 28, 2020 13:40:35 GMT
You have Apple Pay on your internet enabled phone now, so the card isn’t a physical thing now. As I touched on earlier when I am out on my bike I don’t take my wallet out, less chance of losing in it, I just pay for everything on my phone. Every card in your wallet/purse I guess it would be possible to put in you Apple Wallet, from your library card to your ATG card, membership cards and maybe your Nectar Card? So do you really need to carry a bulky wallet/purse now? Do you not know how many people dont have a smartphone and therefore that is not an option. I hate getting my phone out in a public place so will not use a pay app until forced to either.
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7,506 posts
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Post by alece10 on Jun 28, 2020 14:28:52 GMT
You have Apple Pay on your internet enabled phone now, so the card isn’t a physical thing now. As I touched on earlier when I am out on my bike I don’t take my wallet out, less chance of losing in it, I just pay for everything on my phone. Every card in your wallet/purse I guess it would be possible to put in you Apple Wallet, from your library card to your ATG card, membership cards and maybe your Nectar Card? So do you really need to carry a bulky wallet/purse now? Do you not know how many people dont have a smartphone and therefore that is not an option. I hate getting my phone out in a public place so will not use a pay app until forced to either. I feel the same. After going through the trauma of having my phone stolen on public transport my current phone stays firmly in my pocket when I am out and about. Even if it rings (which it seldom does) I dont take it out of my pocket. So I would not consider having a payment app on my phone. But then I am a bit old school.
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4,799 posts
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Post by The Matthew on Jun 28, 2020 15:17:15 GMT
Every card in your wallet/purse I guess it would be possible to put in you Apple Wallet, from your library card to your ATG card, membership cards and maybe your Nectar Card? So do you really need to carry a bulky wallet/purse now? Your card can't have a flat battery. Or pick up malware. Or crash at inconvenient moments. Or break when you drop it. It doesn't have any resale value so it's less attractive as a target for theft. If one of your cards gets lost or stolen you don't lose all of them at once. Stealing your card doesn't give someone access to all your social media accounts, personal photographs or anything else. If your card gets stolen it's up to the bank to pay for its replacement; if your phone gets stolen it's up to you. Bulky wallet? I can carry half a dozen cards and some just-in-case £20 notes in a wallet that's 80g. My phone is 180g. My phone is also 50% longer than my wallet, which means that when it's in my pocket it's visible. All in all, for me cards are safer, lighter, more convenient and more reliable.
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4,631 posts
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Cash
Jun 28, 2020 17:15:55 GMT
Post by Phantom of London on Jun 28, 2020 17:15:55 GMT
When I am on my bike, I listen to music through my phone, so carry that anyway - so pointless carrying a wallet as well and risk losing my wallet, when I don’t have to.
To access my phone is done by fingerprint, to get to my debit card is done again via fingerprint, which is a lot more secure than a open wallet, where if someone steals your wallet, you also lose everything, they can go on and use you contactless card to make purchases, they cannot with your phone.. I never Have had my phone crash, as apple software is very stable. Your phone cannot be skimmed like a physical debit card.
It is up to you to get good protective casing for your phone, so it doesn’t break. When you drop it. Battery are a lot more efficient and last longer these days, but then again there are a lot more places now where you can charge your devices.
As you say your phone is heavier than your wallet, But then you then discounted if your put change in your wallet, that would make it heavier. But then again I don’t know who goes round weighing their phone and wallet. But never less you are going to carry your phone around with you anyway, so wallet is a additional extra weigh that you don’t have to carry. Then going back to the first point you don’t have to carry money, which is dirty, as you don’t know how clean the people were that handled your money.
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4,799 posts
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Post by The Matthew on Jun 28, 2020 18:42:17 GMT
As you say your phone is heavier than your wallet, But then you then discounted if your put change in your wallet, that would make it heavier. But then again I don’t know who goes round weighing their phone and wallet. But never less you are going to carry your phone around with you anyway, so wallet is a additional extra weigh that you don’t have to carry. Then going back to the first point you don’t have to carry money, which is dirty, as you don’t know how clean the people were that handled your money. But I don't use cash. I carry some emergency £20s in case I'm in a situation where I need to pay for something and no electronic payment is available but I don't actually use cash for anything. So the point about coins is meaningless. And I don't carry my phone everywhere because I don't feel the need to be in touch with everyone at all times. I'm not sure what your point about weighing things is. I weighed my phone and wallet today because actual data is always better than vague opinions. But the fact is that my wallet is light enough that I don't notice the weight at all, while my phone is heavy and bulky enough that I'm constantly aware of it when I have it with me. If using your phone for payments work for you, great. But your original claim was that wallets are bulky compared with phones and that's not remotely true for people who use cards for payment.
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5,585 posts
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Post by lynette on Jun 28, 2020 18:47:51 GMT
I use a - big voice now and very deep - HANDBAAAAAG!
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Post by clair on Jun 28, 2020 19:27:35 GMT
I, and many of my friends, don't have a smartphone - I have a cheap pay as you go which is all I need, I'm not so important that I have to be contactable 24/7 and neither do I feel that I need to be looking at a screen or plugged in at all times. As for the idiots who use their phones to pay on the bus - don't get me started. They simply hold the rest of us up - I timed the waiting on a bus journey to work once, with the amount of time wasted as people tried to get their phones to work, get signal etc that was 10 minutes that could have been spent having a cuppa at work before starting!
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Cash
Jun 28, 2020 19:47:48 GMT
Jon likes this
Post by sf on Jun 28, 2020 19:47:48 GMT
As for the idiots who use their phones to pay on the bus - don't get me started. They simply hold the rest of us up - I timed the waiting on a bus journey to work once, with the amount of time wasted as people tried to get their phones to work, get signal etc that was 10 minutes that could have been spent having a cuppa at work before starting! Depends how they're paying. Using downloadable tickets, yes, can be very slow if people don't get their act together before they board the vehicle. Paying via a contactless payment app like Apple Pay is no slower than paying via a contactless card or touching in with an Oyster card.
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Cash
Jun 28, 2020 19:51:15 GMT
Post by Deleted on Jun 28, 2020 19:51:15 GMT
I just make sure my assistants have cash. Why should I bother worrying about all this?
{sarcasm}
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Jun 28, 2020 20:03:48 GMT
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Post by Jon on Jun 28, 2020 20:03:48 GMT
As for the idiots who use their phones to pay on the bus - don't get me started. They simply hold the rest of us up - I timed the waiting on a bus journey to work once, with the amount of time wasted as people tried to get their phones to work, get signal etc that was 10 minutes that could have been spent having a cuppa at work before starting! Depends how they're paying. Using downloadable tickets, yes, can be very slow if people don't get their act together before they board the vehicle. Paying via a contactless payment app like Apple Pay is no slower than paying via a contactless card or touching in with an Oyster card. Apple Pay has an Express Transit which activates when you put it on an Oyster pad. Just as fast as a debit/credit card or Oyster Card. I use e-tickets with Apple Wallet for the odd train journey and honestly it’s great not having to worry about paper tickets
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1,846 posts
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Cash
Jun 28, 2020 20:05:17 GMT
Post by NeilVHughes on Jun 28, 2020 20:05:17 GMT
With Express Transit on iPhone or Watch set up all you have to do is hold it nearby the same way you would with a card and that’s it.
Feels strange when using the Watch as it almost feels magical just placing your wrist next to the yellow pad and the gates open.
Very rarely if ever use cash and have been known to go elsewhere if they do not accept contactless as I have become quite attached to the £20 note I have had for months and abhor loose change in my pockets.
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