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Edited by Mrph1 on Nov 30th 2023 at 11:03:59 AM
I wouldn't mind if the smaller denomination coins went out of style — seriously, screw pennies.
I've always found signing receipts and/or entering PIN numbers to be a pain in the ass. I also watched quite a few Credit Card Plot stories in my youth. That might have left an impression.
Edited by M84 on Mar 9th 2019 at 4:50:16 AM
Disgusted, but not surprised![]()
Debit cards are secured with PIN numbers, swiping only works up to a certain amount, and we're making some pretty great advances towards biometric identification. Not to mention that we're getting rid of cards soon, payments by phone are getting more popular every day.
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See that's just weird, old-fashioned systems. Nobody actually does anything with the signature on the receipts, and if a transaction is large enough to warrant a PIN, it can also be paid by swiping. I personally find fiddling with coins to get to the right amount annoying, not to mention waiting for change that is in denominations so small you never actually get to using them.
I did just mention I'd be happy if coins like pennies were done away with. Especially since pennies actually cost far more to make than their actual value.
I should mention that, living in Taiwan as I am, I do make regular use of something called a yoyo card or Easycard. It's very convenient for small purchases at convenience stores and for paying fare at the MRT. The difference though is that it's not connected to my bank accounts. I put money in it at the local convenience stores — convenience stores in Taiwan offer a lot of services like this.
Edited by M84 on Mar 8th 2019 at 5:10:15 PM
Disgusted, but not surprisedAnother reason why you shouldn't do away with cash is because not everyone has a bank account. I rather wouldn't have homeless people on the street, but fact is that they exist. Do you really want to exclude them completely from the possibility of purchasing something? And what about private purchases? Flea markets and garage sales wouldn't work without cash transactions being available.
Mobile transaction machines can be rented. People do that all the time around here, particularly around King's Day. Heck, it's what homeless people do in Sweden.
I've been living without cash for years, and the only time it caused me trouble is when I needed someone to spot me some pizza and I had issues paying them back the next time I saw them due to lack of cash. But now I got an app for just that.
I did mention that the infrastructure surrounding electronic payments would need to be expanded and adjusted to support all kinds of people, did I not?
Edited by Kayeka on Mar 8th 2019 at 10:20:40 AM
I basically live without cash, but that’s a privillage I have as someone living in a country with modern banking infrastructure, that’s not true for the US.
Banning cashless stores in London or Amsterdam would be insane, banning them in the US is just local government trying to protect people from being locked out of society.
“And the Bunny nails it!” ~ Gabrael “If the UN can get through a day without everyone strangling everyone else so can we.” ~ CyranI can't recall how long it's been since I used cash for anything. I've never really seen the point. Plus, I've found that by using cash, eventually I'm gonna end up with a lot of coins that will inevitably fall out of my wallet whenever I take it out of my pocket. No, I just use debit cards for purchases.
i'm tired, my friendThere's an independent gaming store in my area that simply doesn't have a card machine. Which I maintain is dumb, because people rarely carry sums of £50-£500 on their person when they walk into a random store.
"...in the end the Shadow was only a small and passing thing: there was light and high beauty for ever beyond its reach."Credit card processors charge fees for each sale, and so some small merchants who have slim profit margins will choose not to accept them.
Do they accept checks, though?
Edited by Fighteer on Mar 8th 2019 at 7:42:55 AM
"It's Occam's Shuriken! If the answer is elusive, never rule out ninjas!"
I have no idea. I'd be surprised if I'm honest. And while I say it's dumb that he doesn't have a card machine, I know the guy personally, and he has a kid and a mortgage, so it can't be hurting his business that much.
Edited by GoldenKaos on Mar 8th 2019 at 12:45:59 PM
"...in the end the Shadow was only a small and passing thing: there was light and high beauty for ever beyond its reach."

It's faster, it's safer, it's better for the environment, and it spares stores (big and small) the cost of having to call in a value transport. Not being able to trust the government in a democratic system is a problem unrelated to electronic money, private debt in the Benelux and Scandinavia where electronic payments are quite in vogue did not rise astronomically, and you already have a bank account anyway.
Edited by Kayeka on Mar 8th 2019 at 9:47:15 PM