Has anyone invested in ATM machines , a company called aussie atm's sells atm machines and claims to apy 20% ROI gaurenteed. it sounds all legit ran it past ACC and they say no complaints. any feedback
Probably not good in the fundamentals sense either. Money is becoming steadily more electronic, and the demand for the use of bank notes will steadily be dropping. You can see this with new tech like the Mastercard PayPass. Why mess round with change and notes if you can tap a card on a sensor? PayPass-like technology will steadily become the norm.Has anyone invested in ATM machines , a company called aussie atm's sells atm machines and claims to apy 20% ROI gaurenteed. it sounds all legit ran it past ACC and they say no complaints. any feedback
Probably not good in the fundamentals sense either. Money is becoming steadily more electronic, and the demand for the use of bank notes will steadily be dropping. You can see this with new tech like the Mastercard PayPass. Why mess round with change and notes if you can tap a card on a sensor? PayPass-like technology will steadily become the norm.
I thought a debit card worked on the same system as credit cards (mastercard or visa)?The other side of the equation is that most of the cashless alternatives cost money or have become unsupported...like when Woolies stopped accepting Debit cards.
http://www.choice.com.au/reviews-an.../saving-money/woolworths-and-debit-cards.aspx.
I'm using cash now for everything (not online) as i don't have a EFTPOS card only debit and credit.
Not sure why people don't use credit card, if you are disciplined credit card provides lot of benefit
Me paying $60 fees a year, I get back around $200 of pre-paid gift card and free insurance on travel
Not sure why people don't use credit card, if you are disciplined credit card provides lot of benefit
Me paying $60 fees a year, I get back around $200 of pre-paid gift card and free insurance on travel
Agree with video. Definately spend more if you use a credit card, particularly at restaurants, clothing shops etc.
And I'd like to know where you can get a $200 pre-paid gift card just for having a credit card. Have a Visa card, and never heard of that.
This only applies to simple minded people who can pretend that credit cards are in someway 'free money'. I have a credit card and it does not effect my purchasing decisions at all. Indeed, the card has spent most of its time at $0. In addition to that the card has no fees and I have paid less than $10 interest since I got the card (due to an unavoidable cash advance when overseas).
The first reason I got it is that it guarantees you can settle a purchase right now. There are no difficulties, no fretting about account balances, no trying to work out how to pay for the repairs/replacement/fee/fine etc. It gives you instant absolution from a debt that must be settled immediately, even if you do not currently have the money. You can then address how to clear the card debt tomorrow. This is clearly very valuable.
The second reason is that my card has zero yearly fees, zero overseas transaction costs, no currency exchange fees, no other 'hidden' fees, and gives you mastercards raw close-to-spot exchange rate. Not only that, but if you credit the card (negative balance), you won't even be cash-advancing and thus forgo interest payment. Its like traveling with a bag of gold in the days of the gold standard, but without the weight.
I'm sorry is just sounds totally fatalistic to say that you are just going to end up paying more because you have a credit card, as though the card has evil magic. Also, listening to that man and his smug, condescending and arrogant tone is quite infuriating, even though what he says may well be valid (especially what he says about stoozing - something I have always considered a silly exercise). I cannot remember a single purchase I made with a credit card that I would not have made with cash in hand. My purchases follow one simple rule: "how valuable is it to me, versus having the money in my account".I get all the little tricks, But I know as good as my money management is and as strict on my self as I am, There are times when I spend more than I would if I was using cash. and anyone the uses there credit card regularly for purchases is kidding themsleves if the think they don't slip up from time to time.
That is why I liked this video because it made me think about the subject from a different angle. what this video aswell
I'm sorry is just sounds totally fatalistic to say that you are just going to end up paying more because you have a credit card, as though the card has evil magic. Also, listening to that man and his smug, condescending and arrogant tone is quite infuriating, even though what he says may well be valid (especially what he says about stoozing - something I have always considered a silly exercise). I cannot remember a single purchase I made with a credit card that I would not have made with cash in hand. My purchases follow one simple rule: "how valuable is it to me, versus having the money in my account".
I don't distinguish between expenditures via a credit card and expenditures with plastic notes or bank chequeing, and it has always fascinated me how most people do. It all constitutes monetary loss, settlement times shouldn't factor in.
Anyone had any experience with http://www.ownyourownatm.com.au/
I caught a bit of a story on current affair on one of those stupid shows last night.
20% does sound too good to be true..... What's the catch?
Anyone had any experience with http://www.ownyourownatm.com.au/
I caught a bit of a story on current affair on one of those stupid shows last night.
20% does sound too good to be true..... What's the catch?
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