They are, one local to me has a card machine and a cash machine. First he’ll impose some mandatory minimum for card, then if you don’t have cash he’ll point you to the cashpoint (charges 65p) if you don’t have your card on you, now it’s okay.
Needless to say, I don’t shop there.
Corporation tax. Any consumer business in small spaces, you’d be ill advised to not limit your liability via a company. I think they do way too much value too, to not want to reclaim VAT etc.
Absolutely. Literally scum of the earth, bet they open a new company yearly (same assets, no formal sales process etc) to get lower business rates too.
Me too. That and I don’t carry a wallet. I don’t want to be in a position where I can lose my physical cash, too. I’ve lost £20 before and I certainly haven’t found £20 elsewhere to make up for it.
I do agree though, car parks should have some form of ability to pay in person. I don’t think they should have to cater to cash users but I do think they should have to have a physical means of payment, whether it be tap-in tap-out where you type in your registration (or get a physical receipt to stick in your window) or if it’s a cash payment (preferably the former) etc
I don’t think we should be pandering to people who want to live in the 60s still, we’re nearly mid 2020s
In the last few months a couple of little businesses around here have stuck up signs indicating they’d prefer cash. One is a one off little pie shop, the other is a chippy. I’d recommend both.
The pie shop have always treated us very nicely, giving us freebies ‘to try’ and stuff giving us a large when we paid for regulars… I’m more amenable to giving him what he wants than the chippy (who treat us OK).
Edited to add - I also should probably get back to using neither and losing weight…
If it were a small business who just put up a little sign saying he’d prefer cash and I spoke to him and there was a decent reason for it, I’d probably be pretty amicable to it.
What I don’t get is why businesses don’t think about bank transfers? Instant settlement, cheap as cash with the right bank account.
I suspect the real motivation is keeping stuff off the books, ergo tax evasion. But there is the usual bobbins about how ‘last month the bank charged us £xxx’ (no value of sales offered) and ‘please give us cash because the bank won’t get to charge us for that’ (no explanation of what happens with it then because if the cash were banked they would still be charged).
Obviously - which raises the question - where is it going? Perhaps they pay themselves, their staff and suppliers in cash (and effectively burden them with the banking of it) - but surely a business intends to make a a profit.
I guess it’s feasible the cash could cover day to day costs. But yes, it’s most likely to enable tax evasion. My point is, they don’t mention this stuff on their ‘cash is king’ signage.
Majority of their suppliers are also just like them, cash. So on top of their daily expenses, paying staff and things like that, they add on suppliers.
I also know a landlord who only does cash, it won’t be surprising that such shops have landlords like that.
I didn’t really see anything new in this article and what was in here is once again stupid, which is grim
She said digital payments risked her going overdrawn, and facing unmanageable interest and fees as a result.
I’d probably say people who can’t manage an overdraft shouldn’t have one and people without one shouldn’t be charged for unarranged overdrafts and I think a lot of the time aren’t, considering most transactions are processed online now and are just declined. If she can’t physically check the app and see how much money she has I don’t know how she’ll survive anyways (assuming she does have an overdraft)
She could also just get a spending card with someone like Revolut who doesn’t support offline transactions to begin with
"Young people will get older one day and may have the same problems we have - they may start forgetting their Pin numbers.
The PIN thing for the elderly, easiest option is to use facial recognition and work out something else for people who fall into the cracks, maybe like implementing some sort of government backed facial ID login that merchants can use. I imagine Apple/Google would be happy to integrate with it after a few meetings and it would solve the issue. [with people having an option to enrol into it. China uses this (with mandatory enrolment) and it works fine for the elderly.]
I also don’t get why we can’t work out some digital cash solution… for example a note that can be used like cash but can also be redeemed for digital currency and only released again when new money supply comes (or an update to cash registers that allow them to check if money exists still)
How would the cash acceptance regulation even work? Would it even protect anyone? Wouldn’t it just force them into paying more? Online is by far the cheapest way to do things, but no one is saying you should be able to mail cash to merchants…
