Cashless society

[Value Collector]

@Garpal Gumnut Now just surmising. If the king of the cashless world was to be nabbed and held for ransom, would a credit card payment be acceptable ????

according to the lady at Coles, gift cards are a favoured prize of scammers, maybe kidnappers will also want a bunch of gift cards

 

[qldfrog]

@Garpal Gumnut Now just surmising. If the king of the cashless world was to be nabbed and held for ransom, would a credit card payment be acceptable ????

And the advantages of gaining FF points for the payment!!!

 

[JohnDe]

 

[farmerge]

View attachment 189273

Not even a dollar in an envelope under the tree.

 

[wayneL]

And the advantages of gaining FF points for the payment!!!

Yeah, 3% in it for the likes of VC.

 

[wayneL]

Not even a dollar in an envelope under the tree.

Whatever will the tooth fairy do?

 

[Value Hunter]

Another point I will note about cash is that when you go to a restaurant or cafe, etc when you leave tips in cash there is a 99% chance the tips will actually go to the staff, but in many small businesses when people add a tip via card payment often the tip gets taken by the business owner and never distributed to staff. I always make it a point to make sure that any place I visit if I leave a tip I leave it in cash.

 

[farmerge]

Whatever will the tooth fairy do?

@wayneL recipients will have to keep checking their bank balances to see if a cashless transaction has taken place for that missing fang.

 

[bsnews]

Another point I will note about cash is that when you go to a restaurant or cafe, etc when you leave tips in cash there is a 99% chance the tips will actually go to the staff, but in many small businesses when people add a tip via card payment often the tip gets taken by the business owner and never distributed to staff. I always make it a point to make sure that any place I visit if I leave a tip I leave it in cash.

Tips? I thought this was an Australian forum.

 

[JohnDe]

I organised a Christmas party at a Bowling Alley, it included laser skirmish (1st time for me, great fun) and bowling of course, but also a tab for food and drinks, and everyone got a card with credit to use on all the amusement machines.

Someone brought to my attention that their card had $2.40 left but the minimum spend is $2.50, the option to add credit to the card had a minimum amount of $20, they could not add 10c. The staff could not do anything to help.

What was once a cash & token system is now a digital card system.

I wonder how many cards have credit left that at can not be accessed, each day and all year.

 

[farmerge]

I organised a Christmas party at a Bowling Alley, it included laser skirmish (1st time for me, great fun) and bowling of course, but also a tab for food and drinks, and everyone got a card with credit to use on all the amusement machines.

Someone brought to my attention that their card had $2.40 left but the minimum spend is $2.50, the option to add credit to the card had a minimum amount of $20, they could not add 10c. The staff could not do anything to help.

What was once a cash & token system is now a digital card system.

I wonder how many cards have credit left that at can not be accessed, each day and all year.

Then that is easy money for the bowling alley.

 

[moXJO]

Tips? I thought this was an Australian forum.

Yes, "bribes" is our go to in this country.

 

[bux2000]

And just when i thought it was me that was me behind the times

https://www.news.com.au/finance/business/banking/change-in-tills-notes-in-pockets-aussie-cash-use-soars-by-300m-amid-calls-for-banks-to-back-easily-available-payment/news-story/0d52b7b90260b8637a3e58ac6dd9a7ef

bux

 

[sptrawler]

Nope it's not a regular business. Your examples were dogsht and you are now having a hissy fit.

The government would move quickly to shore up banks due to the societal effects if they fell over. They are protected to a greater degree than any other business and that "special tax" they pay is because of that. If anything it only proves it more.

Spot on moXJO, but that is the price the Govt has to pay, to have a quasi Govt banking system, the 4 pillars.
It allows the Govt to have a lot of control over what the banks do, without being responsible for it.

 

[moXJO]

Spot on moXJO, but that is the price the Govt has to pay, to have a quasi Govt banking system, the 4 pillars.
It allows the Govt to have a lot of control over what the banks do, without being responsible for it.

If big four refuses to service the suburbs properly then open it up to those that will. The next generation won't be as forgiving to banks that stiff communities.

 

[JohnDe]

I received an email from a local craft brewery that I am a member of, like everyone they are feeling the cost of inflation and the expense of the cashless economy.

Cash is king but who pays with cash? – Over the past 2 years, cash payments for beer and food have become a rarity. EFTPOS transactions represent over 90% of all our transactions and the bank fees are staggeringly high and amount to 10’s of thousands of Dollars for our business each year. At present, we absorb these costs but may not be able to do so in 2025. Our business encourages cash payments as we would rather spend less money on bank fees and return this to our customers and staff. We will run a ‘pay in cash campaign’ in early 2025 and depending on the outcome, decide if we will have to pass on the EFTPOS transactions fees. ​

 

[JohnDe]

50+% profit, that’s crazy. No wonder our banks want to go cashless.

 

[farmerge]

50+% profit, that’s crazy. No wonder our banks want to go cashless.

@JohnDe Now that the Senator has caught them out what will be happening next.
Very little I would suggest.
It's a free market and enterprise, and these corporations don't care about consumers just that black bottom line with lots of zeros tacked on at the end of the first digit.

 

[bsnews]

Shoot if you own a business I really think you're in the same boat.

 

[Value Collector]

If big four refuses to service the suburbs properly then open it up to those that will. The next generation won't be as forgiving to banks that stiff communities.

Do you really think the next generation will be doing things in person at branches?

I just gave my niece a gift card, and within a few minutes she had scanned it with here phone put it in the bin, it’s now an entry in her “digital wallet”, ready to spend.