Posted on 08/20/2017 8:40:15 PM PDT by Lorianne
Good posting, Lorianne. Thanks for posting it all.
My only credit card purchases are for major appliances, expensive car repairs or travel/hotels. I’ve been running otherwise on cash for about 45 years.
I used to withdraw $5000 for 2-3 day trips to Vegas several times a year with no questions from my bank. Would I be able to do that today, based on what this article stated?
I spend $700-800 cash a month just at my local grocery store, which gets all of it, instead of having reduced revenue because of the fees the CCs charge to the merchants for the use of their cards.
Many merchants also give a discount for paying with cash.
We told our youngest to always have $20 in his wallet and he was like, “Why?”
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I’m 75 and have had $20 in rolled pennies in a small bank bag in the trunk of my car for decades. Probably need to increase that to $200 now, in case of a tow or gas problem on the road.
The credit card companies can't charge their exorbitant interest rates when you use cash.
"Cashless society"? Greed; raw, sinful GREED!!!
“The good news is that cash is still a dominant form of payment in many countries including the U.S.”
Is this really true? Some companies now charge you a fee for paying by cash or check. My social security payment is made on a card. I don’t use cash often. And I doubt rich people ever
use cash.
Did William Devane write this?
But there are security cameras.
I was at a dollar store recently with my daughter and the cashier asked debit IR credit. My daughter said cash. The cashier looked confused for a second.
It’s stalemate with me.
The medical community and joint big tire/big front end alignment/DOT alliance does a great job of torpdeoing me routinely it seems.
Insurance sends me randomly generated bills for whatever I’ve had done and paid for already or so I think.
Just when I think I’m free of paying whatever, the lousy roads in SC knock my front end out of line causing a tire to wear prematurely so I can buy a new one and get re-aligned.
Not that I’m conspiracy minded or anything.
That $2500 that the wun promised would help a lot.
As far the fixer-upper jeeps and blazer, I could buy a wheel one week and a tire the next week starting now and have them all fitted out by Christmas. I detest rust and won’t run chrome wheels.
The CJ7s originals are in OK shape. K5’s are a rusted red just like the paint.
Tires are insane. Batteries right behind them.
That's what they make banks for. There's one right next door.
You missed the point entirely, or so it seems.
I think not. Debit works pretty well, checks suck.
No joke. Here’s the thing—if you are in business, it is your job (or part of your job) to make it easy to get paid, not harder, like has happened with these stupid chip readers.
or not
The only cash payment I make using paper money is to my barber.
They are still around. You can get a worn-out $500 for $550 and a $1000 for $1100. A bill in better shape will cost more than one in worse shape. You can deposit them in a bank at face value and they will send it in to the Federal Reserve for destruction, although I suppose a smart bank employee would buy it for face value. All bills up to $10k are still as legal tender as the day they were issued. I have never seen a $5k or $10k but have seen tons of 500's and a lot of 1000's.
Yes. I've withdrawn up to $12k but they had to go into a safe somewhere (not the safe with the safety deposit boxes) to get it. I found a crisp $100 with a star and sold that for $110 to a collector. They are supposed to send in reports when people do that, and I assume my bank reported that withdrawal.
This is about both greed and control. Visa and MasterCard get a percentage of each sale. The charge to the merchant varies based on risk and profitability to the card issuer. Customers will pay more as most small independent merchants can’t absorb the cost. Control has already been discussed in detail. However, security is very important to most individuals. The fact that card numbers and codes can be stolen is a major concern. I have a friend that had his card copied in a restaurant and later had to argue with the credit card company about charges. Another friend pays cash whenever possible to avoid being a victim. Yet another friend was upset when he had to provide credit card statements to Internal Revenue during an audit. And yet another refuses to use credit cards when purchasing a gun and has a strong preference for private sales. Both cash and cards carry risk but I firmly believe the consumer should have the option as to which he or she will use.
I saw his fake news click-bait statements in the article.
When you make statements that are fake news for the sake of drawing clicks it is click-bait.
So fake news to you is anyone you don’t agree with, I see. Since we still live in a capitalist society, of course sites need to generate clicks to make money, unless it is supported by donations like this site is.
No. Fake news is fake news. Fake news disagrees with the facts.
I don’t use cash on a daily basis but we do keep a stash of emergency cash. I also use it to pay my handyman and housekeeper since they prefer it. I add to it every month.
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