Cashless society

[Value Collector]

Not big on tipping am I.

Unfortunately in the USA because of their silly way they pay their hospitality workers, tipping isn’t optional, the workers rely on it.

They earn very little for their hourly rate, Tips are their main income.

The guy waiting your table can be paid as little as $2.13 per hour to wait your table, so he is expecting a tip of atleast 15% of the Bill which also gets shared with the back of house staff.

I once went on holiday with the in-laws, and they started refusing to pay tips because they were concerned their holiday was already costing them to much and their their opinion the waiters and bar staff “were not doing anything extra” to earn a tip. I had to explain that them just serving you as normal deserves a tip, it’s not a bonus it’s just their regular pay, and if they can’t afford to leave a $1 tip when they order a $6 beer, then they can’t afford the beer.

 

[farmerge]

Unfortunately in the USA because of their silly way they pay their hospitality workers, tipping isn’t optional, the workers rely on it.

The earn very little for their hourly rate, Tips are their main income.

The guy waiting your table can be paid as little as $2.13 per hour to wait your table, so he is expecting a tip of atleast 15% of the Bill which also gets shared with the back of house staff.
View attachment 157148

Wow $7.25 an hour, couldn't even get close to surviving on that here. Don't know how they do.

 

[Value Collector]

Wow $7.25 an hour, couldn't even get close to surviving on that here. Don't know how they do.

They rely on those tips to take them above that level.

 

[farmerge]

They rely on those tips to take them above that level.

I guess it is chalk and cheese. Povety level income over there against our minimumwage structure over here. I know which one I would orefer to work under.
Though as a contractor/farmer I can some weeks have no income and then a bonanza.
And on this note I must depart as today is a bonanza day.
bbl

 

[JohnDe]

I doubt you would be to happy being robbed for your physical cash either, however at least with a Credit Card you will get your cash back.

I actually don’t know anyone that has been ‘robbed of their cash’, but I do know a few people who have been robbed by hacks on their credit card.

 

[farmerge]

I actually don’t know anyone that has been ‘robbed of their cash’, but I do know a few people who have been robbed by hacks on their credit card.

When I was at my darkest days a couple of years ago,I was at the pharmacy in Midland Hospital and had my card hacked. Fortunately wasn't a huge amount and got it back a bit later on. As the saying goes Good old "Ron".

 

[sptrawler]

India keeps squeezing the cash economy.

Bloomberg - Are you a robot?

India Withdraws Highest Value Bank Notes Months Before Polls​

• Have until Sept. 30 to deposit or exchange 2,000 rupee notes
• Denomination accounts for about 11% of cash in circulation

India is withdrawing its highest-value currency note just months before a national election, when cash in circulation typically surges.

People have until Sept. 30 to deposit 2,000 rupee ($24) notes into their bank accounts in batches of maximum 20,000 rupees each or exchange them for other denominations, the Reserve Bank of India said in a statement Friday citing its ‘clean note policy’. It didn’t say what happens to those unable to meet the deadline but added that as of now the notes remain legal tender.

 

[Value Collector]

I actually don’t know anyone that has been ‘robbed of their cash’, but I do know a few people who have been robbed by hacks on their credit card.

That must mean it doesn’t happen then ?.

I can assure you, people are robbed and pick pocketed all the time especially over seas.

Out of all the people you know who were hacked via their credit cards, did any not get their funds returned?

1, being hacked because you used your credit card is probably just as rare as robbery and pick pocketing (you are far more likely to be scammed because you do something silly like replying to fake emails, phone calls or text messages rather than genuine use of your card)

2, even if you do get credit card scammed you are pretty much 100% guaranteed to get your funds back, not so much when it comes to regular robbery and theft.

 

[JohnDe]

That must mean it doesn’t happen then ?.

I can assure you, people are robbed and pick pocketed all the time especially over seas.

Out of all the people you know who were hacked via their credit cards, did any not get their funds returned?

1, being hacked because you used your credit card is probably just as rare as robbery and pick pocketing (you are far more likely to be scammed because you do something silly like replying to fake emails, phone calls or text messages rather than genuine use of your card)

2, even if you do get credit card scammed you are pretty much 100% guaranteed to get your funds back, not so much when it comes to regular robbery and theft.

No, it means that hacking is easier because there is minimal risk to the perpetrators from the victim. It’s a fact that billions of dollars are stolen electronically. How often do you hear of a bank or store robbery these days?

My business is in retail & service industry, I meet many people every week, I can not recall one person being robbed of physical cash in the past 5 to 10 years, but I know many that have had their money stolen from cards and bank accounts.

And recently a few of those people have told me that the banks are toughening up of refunds, making it harder to claim. One recently was still waiting, several months after the incident.

I vaguely remember a press release, I think from the CBA, stating that the bank will not be so lenient on refunds of customers who have money stolen from their accounts.

 

[Value Collector]

1. No, it means that hacking is easier because there is minimal risk to the perpetrators from the victim. It’s a fact that billions of dollars are stolen electronically. How often do you hear of a bank or store robbery these days?

2. My business is in retail & service industry, I meet many people every week, I can not recall one person being robbed of physical cash in the past 5 to 10 years, but I know many that have had their money stolen from cards and bank accounts.

3. And recently a few of those people have told me that the banks are toughening up of refunds, making it harder to claim. One recently was still waiting, several months after the incident.

4. I vaguely remember a press release, I think from the CBA, stating that the bank will not be so lenient on refunds of customers who have money stolen from their accounts.

1. As I said, the vast majority of losses you are talking about come from “scamming”, eg people responding to fake emails, websites, phone calls, text messages etc etc. just using your credit card in genuine situations rarely results in you being scammed.

2. So you don’t know many people that travel to Europe, Google pickpocketing near Eiffel Tower, and you will see it’s a major problem. But how many of those people that got scammed were scammed because of genuine card usage??? Not many although they might not admit it, almost all did something silly I bet.

3. Ask more about the exact circumstances, as I said I bet the person was at fault some how.

4. They do want people to start being smarter, eg giving your bank details to cold callers and the crying when you get money stolen is getting a bit old. I think they want people to start being more responsible for some of their own stupidity.

My mother in law recently replied to a text message from a fake ATO, and gave away here banking details and had $4000 taken, she got the money back, but you can hardly say that’s is the fault of credit cards, she was just silly.

It’s the same old thing, lock your car, lock your house, have good passwords. If you it’s nothing to do with you you will get your money back.

 

[moXJO]

That must mean it doesn’t happen then ?.

I can assure you, people are robbed and pick pocketed all the time especially over seas.

Out of all the people you know who were hacked via their credit cards, did any not get their funds returned?

1, being hacked because you used your credit card is probably just as rare as robbery and pick pocketing (you are far more likely to be scammed because you do something silly like replying to fake emails, phone calls or text messages rather than genuine use of your card)

2, even if you do get credit card scammed you are pretty much 100% guaranteed to get your funds back, not so much when it comes to regular robbery and theft.

Been hacked multiple times so has every family member. Databases were hacked from online purchases, so were banks (commonwealth with multiple people)

 

[Value Collector]

Been hacked multiple times so has every family member. Databases were hacked from online purchases, so were banks (commonwealth with multiple people)

And did you end up losing anything? Or was it all returned?

One of the biggest ways people get hacked is because they use the same password for everything, so some old website you signed up for in 2004 that is now defunked has its data sold and made public and your user data ends up being made public, hackers then track you down and know your login details to other services.

The best defence is to have multiple unrelated passwords and store them in a password manager, like Apple keychain.

 

[JohnDe]

And did you end up losing anything? Or was it all returned?

One of the biggest ways people get hacked is because they use the same password for everything, so some old website you signed up for in 2004 that is now defunked has its data sold and made public and your user data ends up being made public, hackers then track you down and know your login details to other services.

The best defence is to have multiple unrelated passwords and store them in a password manager, like Apple keychain.

Stress is a very powerful pain.

 

[farmerge]

Stress is a very powerful pain.

I have been living with a certain amount of stess now for some time. It is very hard to break away from.

 

[moXJO]

And did you end up losing anything? Or was it all returned?

One of the biggest ways people get hacked is because they use the same password for everything, so some old website you signed up for in 2004 that is now defunked has its data sold and made public and your user data ends up being made public, hackers then track you down and know your login details to other services.

The best defence is to have multiple unrelated passwords and store them in a password manager, like Apple keychain.

Yeah I know the drill.
The banks end was hacked.
The cards ended up being used for goods in New York and other places across the US. You also get bad actors from legitimate stores keeping your details. It's not hard.

The bank ends up eventually returning the money. But you often get dodgy subscriptions on credit cards as well that you have to follow up on. It's a pain in the arse. It happens a lot more than robberies.

There's some major downside to digital. Even the volumes you can transact.

 

[Value Collector]

Yeah I know the drill.
The banks end was hacked.
The cards ended up being used for goods in New York and other places across the US. You also get bad actors from legitimate stores keeping your details. It's not hard.

The bank ends up eventually returning the money. But you often get dodgy subscriptions on credit cards as well that you have to follow up on. It's a pain in the arse. It happens a lot more than robberies.

There's some major downside to digital. Even the volumes you can transact.

If your bank is hacked from its end, that has very little to do with whether you choose to use cash or digital payments in your daily transactions.

 

[JohnDe]

The problem is that banks rarely keep their customers informed about hacking and loss of money.

I had an experience, I received a text message saying that there was unusual activity on a credit card and they supplied the last 4 digits. I always get scam messages and thought this was one because I didn’t recognise the numbers, but I never delete the messages straight away. An hour or two later I phoned my partner and asked about the number, yes it was mine, it was a credit card that is rarely used, in fact the last time I used it was overseas 18 months ago. Somehow the fraudsters had got the credit card number and other details which allowed them to purchase large quantities of Apple Card’s. I asked the bank how this could be possible and they refused to answer. I took it further but all I got was ‘confidentiality clause’. They had to investigate before any refund was issued, which took about 4 weeks.

To this day I have not been given an answer about how my details and money was used by criminals from a card that I hadn’t used for 18 months.

That has never happened to the cash I always keep around the house and my wallet.

 

[farmerge]

The problem is that banks rarely keep their customers informed about hacking and loss of money.

I had an experience, I received a text message saying that there was unusual activity on a credit card and they supplied the last 4 digits. I always get scam messages and thought this was one because I didn’t recognise the numbers, but I never delete the messages straight away. An hour or two later I phoned my partner and asked about the number, yes it was mine, it was a credit card that is rarely used, in fact the last time I used it was overseas 18 months ago. Somehow the fraudsters had got the credit card number and other details which allowed them to purchase large quantities of Apple Card’s. I asked the bank how this could be possible and they refused to answer. I took it further but all I got was ‘confidentiality clause’. They had to investigate before any refund was issued, which took about 4 weeks.

To this day I have not been given an answer about how my details and money was used by criminals from a card that I hadn’t used for 18 months.

That has never happened to the cash I always keep around the house and my wallet.

Smells a bit like a dead rat. Perhaps an inside job, knowing the card hadn't been used for such a long time!!!!!!

 

[Value Collector]

The problem is that banks rarely keep their customers informed about hacking and loss of money.

I had an experience, I received a text message saying that there was unusual activity on a credit card and they supplied the last 4 digits. I always get scam messages and thought this was one because I didn’t recognise the numbers, but I never delete the messages straight away. An hour or two later I phoned my partner and asked about the number, yes it was mine, it was a credit card that is rarely used, in fact the last time I used it was overseas 18 months ago. Somehow the fraudsters had got the credit card number and other details which allowed them to purchase large quantities of Apple Card’s. I asked the bank how this could be possible and they refused to answer. I took it further but all I got was ‘confidentiality clause’. They had to investigate before any refund was issued, which took about 4 weeks.

To this day I have not been given an answer about how my details and money was used by criminals from a card that I hadn’t used for 18 months.

That has never happened to the cash I always keep around the house and my wallet.

It could have have been the result of some one you gave the card number too in the past being compromised, or even a lucky guess by a credit card number generating software.

But again, you didn’t really lose anything.

 

[JohnDe]

It could have have been the result of some one you gave the card number too in the past being compromised, or even a lucky guess by a credit card number generating software.

But again, you didn’t really lose anything.

Card was/is actually a Debit card, it is linked to an account and was only used as a back up when we travelled to the US that time.

I lost confidence in the banking system, and those funds taken for a month.

No cash I have has ever been removed from my possession.