While standing in line at a local convenience store the other day, I saw all 5 people ahead of me used credit/debit cards to buy soft drinks, candy, chips etc; no cash. I was stunned. No wallets or purses; just slipped the cc in their jean’s back pocket. I can’t imagine what their monthly statement looks like.
——I can’t imagine what their monthly statement looks like-—
The monthly statement is a record of all purchases. The monthly payment is made from the bill pay convenience of the bank’s on line access point.
The funds in the account are by the way all directly deposited from various sources.
If the statement is paid before the due date, there is no charge for the service.
The electronic ledger that is the on line banking site contains and disburses all the electronic blips that is the real money of today. It is never touched by human hands
I agree. They allow these idiots to pay with their credit cards in the “express lane,” and it actually takes longer as they have to find their credit card, scan it, then scan it again as if they have never done this before—they can’t remember their PIN number or they entered it incorrectly.
The other alternative is cash—you give them the bill. You get the change and you are gone. Less than twenty seconds and you are on the way home—no lost credit cards, no forgotten PIN codes, not even a justified belligerent shopper waiting behind you.
Simple. Unfortunately it does not make sense as technology and the banks want it another way and the sheeple are all too willing to acquiesce. There is no going back.