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Post by Deleted on Sept 14, 2022 21:51:35 GMT
I don't know about the figures but is cash handling more expensive than credit or debit card transaction fees? One obvious effect is that smaller retailers are knocked out because of their smaller volumes. This is already happening and has been going on for ages but I believe that recently quite a few corner shops have closed their doors and not because of supermarkets directly taking their customers. Cash will probably always be a way to transact but it is definitely getting more difficult and marginalising certain groups of people. Something like 5% is charged if you are a business depositing cash in the bank. Way more than 1.69% that Sum-up users pay. Sum-up is a portable credit card system sumup.co.uk/This is what the lady we buy our eggs and potatoes from uses. If we are in when she delivers we just tap our card on her card reader. If we are out she leaves the eggs and sends us a link which we click on to pay. Easy peasy.
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Post by naughtyfox on Sept 15, 2022 5:30:06 GMT
Do retailers actually ever do that? Of course, sometimes when time saving processes were brought in, hours were cut. These savings were sometimes used to invest in price reductions, benefiting the customer. Will you be made redundant when the shop becomes self-operating? Is it the customer who benefits - or the shareholders? Have you really not seen what savings & privatisation' are all about? Are rail and bus passengers happier these days than they were 30 years ago? 'Saving paper' ... so where is 'the paper' now? It's in the form of metal and plastic and chemicals in banks of computers, and in people's mobile phones. "As a retailer, it would be much better to not accept cash. The amount of time spent on cashing up, counting the safe, finding missing money, ordering change, buying the change and banking etc and etc are all wasted costs." As a bus driver it would be much better not to accept passengers. The amount of time and money and extra fossil fuel spent on stopping to pick them up and drop them off, having to purchase ticket machines, having to count the takings and banking, etc. are all wasted costs.
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Post by naughtyfox on Sept 15, 2022 5:42:50 GMT
Of course, sometimes when time saving processes were brought in, hours were cut. These savings were sometimes used to invest in price reductions, benefiting the customer. When were these reductions? Time / money saving exercises in my local retail stores only seem to result in the introduction of inefficient / time wasting self service tills & lack of the ‘personal touch’ that the checkout operators provide…..Backward steps, which hopefully will be reflected in the ‘end of year’ results! Yep. They pretend 'the customer comes first' but it's a business and all that really matters at the end of the day is the profits from buying food cheap, selling it at a mark-up; the 'customers' are the fodder for the process. Which is OK - that's what shops/business is all about .. it's the phoney 'loyalty card' crap that makes me want to vomit. What percentage of food shop workers have been replaced by 'cold tills' where the customer has to do all the work themselves ('progress'!). Where are those ex-workers now? Jumping off the Humber Bridge?
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Post by naughtyfox on Sept 15, 2022 5:59:14 GMT
it is definitely getting more difficult and marginalising certain groups of people. Please explain your logic….Ive never been stopped from paying cash for anything Ive purchased! (apart from my house obviously🙄) Many shops/stores/cafés/restaurant are refusing to accept cash. I don't know if this is 'legal'. The term 'legal tender' leads to quite complicated definitions... not what people usually expect the term to mean. A brick through their window is the quickest way to express one's disapproval.
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Post by patty on Sept 15, 2022 7:04:16 GMT
I suppose it’s a bit like the radio, there will be people who use it until all the non digital natives die out. I have a radio..well 2... ones one of those digital things that scans n selects T'other u turn to tune but reception for that very crackly.. shame as its in a nice retro styled radiogram with record player, cd and tape(that bit don't work) deck Oh got another upstairs with CD player n speakers but that's broken. Gonna try and get that to a Mr Fix It Man. I'm not ready for new technology.
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Post by Deleted on Sept 15, 2022 7:06:34 GMT
I don't know about the figures but is cash handling more expensive than credit or debit card transaction fees? One obvious effect is that smaller retailers are knocked out because of their smaller volumes. This is already happening and has been going on for ages but I believe that recently quite a few corner shops have closed their doors and not because of supermarkets directly taking their customers. Cash will probably always be a way to transact but it is definitely getting more difficult and marginalising certain groups of people. Something like 5% is charged if you are a business depositing cash in the bank. Way more than 1.69% that Sum-up users pay. Sum-up is a portable credit card system sumup.co.uk/5%? Thats ridiculous !
Quick check on the Lloyds website says they charge 1% for cash in or out.
Business Current Account
"Cash Payments (in or out) The first £1500 per month - £1 per £100 Anything over £1500 per month - £0.90 per £100"
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Post by Deleted on Sept 15, 2022 8:43:29 GMT
Something like 5% is charged if you are a business depositing cash in the bank. Way more than 1.69% that Sum-up users pay. Sum-up is a portable credit card system sumup.co.uk/5%? Thats ridiculous ! Quick check on the Lloyds website says they charge 1% for cash in or out. Business Current Account
"Cash Payments (in or out) The first £1500 per month - £1 per £100 Anything over £1500 per month - £0.90 per £100" I was just quoting a brewery that I used to buy from he said 5% and that it was better for him to use Sum-up. No bother from me I hate using cash.
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Post by Deleted on Sept 15, 2022 8:47:20 GMT
The contactless has certain helped Steve who collects fees at some of the moorings around Henley. He often finds people have paid by PayPal on their phones so no need to go and collect the daily mooring fee. There will be a lot of other small businesses who have benefited from the modern technology. That is not in doubt.
It is useful but cash is important for some people.
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Post by kris on Sept 15, 2022 8:50:55 GMT
The contactless has certain helped Steve who collects fees at some of the moorings around Henley. He often finds people have paid by PayPal on their phones so no need to go and collect the daily mooring fee. There will be a lot of other small businesses who have benefited from the modern technology. That is not in doubt. It is useful but cash is important for some people. How’s getting a lock keeping job going or have you just forgot about it again?
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Post by Deleted on Sept 15, 2022 8:53:15 GMT
I can't get the job as will be relieved of my driving license before the end of the month. EA jobs need valid driving license.
Maybe next year.
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Post by Andyberg on Sept 15, 2022 8:54:49 GMT
as will be relieved of my driving license before the end of the month. Just run through the reason for this again please as I appeared to miss it.
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Post by kris on Sept 15, 2022 8:55:29 GMT
I can't get the job as will be relieved of my driving license before the end of the month. EA jobs need valid driving license. Maybe next year. oh yea I’d forgotten about that. Is it 100% about liscence?
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Post by Deleted on Sept 15, 2022 8:57:00 GMT
I ran over 7 children outside a school. 4 died the others have life changing injuries.
(ETA joke.)
Several speeding tickets on the A40 where it goes from 40mph down to 30mph because the elevated section is about to collapse.
Totting up ban coming. At least I won't be on the westway when it crumbles ! Some things are meant to happen.
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Post by Deleted on Sept 15, 2022 8:58:39 GMT
I can't get the job as will be relieved of my driving license before the end of the month. EA jobs need valid driving license. Maybe next year. oh yea I’d forgotten about that. Is it 100% about liscence? Lock keeper jobs require a driving license as the operator needs to travel between several locks. I don't think they allow one to have a little launch for this purpose although it would be much better given that one could inspect the reach closely on way between locks.
I think lock keepers should have travelling up and down their reach daily in a boat as a requirement for the job.
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Post by Andyberg on Sept 15, 2022 8:59:58 GMT
I ran over 7 children outside a school. 4 died the others have life changing injuries. Take solace that no kittens were harmed!👍
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