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Interesting article. There are a lot of business and younger people that do not use cash. However those that do use cash use it more and with the advent of MTD, some business will use it even more. The mitigation of "the bank run" and "bank charges" for cash is only replaced by fraud and hacking of personal details. I think whatever currency system is used there will always be an element of theft in one way shape or form, the sophistication level just changes.
Anyone else been dumped with an incomplete records accounts job where the proprietor used the contactless card on his business account for every single trivial transaction, largely non business. Page after page of bank statements with masses of small transactions, big accounts bill and hideous bank charges!
It is too easy, he said I don't need to record the transactions because they are all on the bank statements...
I said quite a lot!
Yep. I've got a few like that. Although I'm sure we would all like to receive a perfect set of books just how we would like them, isn't it our job to create something from whatever the client gives us. My view is as long as the information is there it doesn't matter what format it's in. Gets the brainbox working a bit more.
Not hard to empathise with that!
However, I use a Curve card much in the same way and it posts everything directly into accounting software. I use it for nearly every transaction.
You just connect it to whatever business or personal card you have -so no changing banks or anything like that. And it's free.
Transactions for the customer thbough are slower not quicker if you use touch and pay (I always use cash in supermarkets and petrol statioins and other shops). Touch and pay does not show in your bank account for a few days so makes it harder to keep a track of your money (never mind the privacy rights issues of using cards al the time - although I realise as a "use it or lose it2 cash person I am probably not in company with many others on these issues)
I carry a gun for exactly the same purpose. Helps keep the rozzers of my back, and works much like a cash card in corner shops.
Not snobbery just playing social media for clicks to try and be controversial.
A tactic by "trendy" operators who wear checky shirts, have grizzly beards, and full body tattoo's by age of 20.
I do a lot of work in leisure where cash used to be main source of payment. 5 years ago my clients would receive 80% cash 20% card now that has reversed to 80% on card now.
That is a natural progression and has not been forced.
The cash is expensive is not that good an argument, as cards are not free, for small transactions for coffees etc the vendor can still get charged a fixed fee for debit card transactions so not cheaper really just more convenient.
Anyone who feels the need to announce they do not accept cash are just doing it for shock horror on social media to raise their profile.
If they just traded they would probably take very little cash, any cash they do take can be used to pay wages or kitchen sundry purchases without it been an issue, it just doesn't get the clicks on facebook.
I now see it where companies refuse to accept cheques and only can be paid by bank transfer, cheques are not ideal but better than not been paid at all.
I have received 1 cheque in last 12 months but payment is a payment why would you feel the need to announce "you dont do cheques" when hardly anyone uses them anyway.
Why rent an office when you can just hang out in a coffee shop with WIFI.
Be interesting to see what happen if they made you your coffee and you said "ooops sorry I dont have a card on me, only cash"
Refuse the cash?
Could also be a way for staff to pinch from you by accepting cash that is not recorded.
At least the Bristol bars didn't try to say it was for the customer, unlike Cardiff's phony "and enhance the customer experience"
Having to use a card often does not enhance my experience and makes it too easy to overspend, when alcohol is involved, whereas cash, when it is gone you know you have overspent.