Australia to be "functionally cashless" by 2025
- Thread starter ozcopper
- Start date
Bah...whole system is a self serving sick joke, once we had more options and got actual service now we pay more for everything to be reminded were slaves or so restricted in actual options. We pay them! Signed up to telstra afew mths back for them to tell me they need to do a credit check and go through process of hr and half...and then have to listen to pre-recorded msg for another 15mins before they graciously take my $ every mth. I use cash for everything and only keep enough to pay regular bills, savings in cash and metals...but i do worry sometimes if they can take away our access to liquidity and ability to use/transfer physical things. They'll happily let me deposit but withdrawals...woman whispered bout "drugs" and "money laundering" worst thing is turning us against each other, peasants policing each other
I went to a store called 'specialty fasteners' today to get some high tensile bolts. Anyway, I took up 10 minutes of their time searching for what I need in their warehouse, only to be told that they no longer accept cash when I pulled out some notes. They offered me a range of reasons for their decision not to accept it, and although I really needed these bolts, I told them I cannot support a business that won't accept cash and walked out. I've been a customer of theirs for over 10 years and that's the last time I'll set foot in that place.
On a positive note, I went to a bearing supply store and picked up some oil seals. The gentleman saw I had cash in my hand and rounded the price down by a few $$ to make it a nice round number. I gave him what he asked and placed an extra $5 on the counter to show my appreciation. There was a brief moment where we both acknowledged each other's values, a head nod was exchanged and the transaction was complete.
There's a greater connection between parties when cash is involved. Cash provides a feature that card payments can never offer - a feature of trust and transactional integrity without the need for third party confirmation or involvement. To deny cash outright is like denying a part of the human spirit.
On a positive note, I went to a bearing supply store and picked up some oil seals. The gentleman saw I had cash in my hand and rounded the price down by a few $$ to make it a nice round number. I gave him what he asked and placed an extra $5 on the counter to show my appreciation. There was a brief moment where we both acknowledged each other's values, a head nod was exchanged and the transaction was complete.
There's a greater connection between parties when cash is involved. Cash provides a feature that card payments can never offer - a feature of trust and transactional integrity without the need for third party confirmation or involvement. To deny cash outright is like denying a part of the human spirit.
I popped in at my local coin store this past Saturday on a whim as I was running errands nearby. I rummaged through their tray of miscellaneous 1toz silver bars/rounds and found a round that I liked (and have no idea what Mint it came from). LCS quoted me $33 and 15 cents. I gave him $40 cash and he gave me $7 back with a nod (no receipt, no ID check or other nonsense). I'm sure I could have saved a buck buying something online, but I don't mind paying a small premium to support a local business.
They would make you sign a contract to pay later.
Respectfully, you can do a search and find information in less time it takes to reply and ask others to do it for you.
It's just a bill that independent federal MPs Andrew Gee, Bob Katter and Dai Le have introduced. I bet it will become a nothing-burger because it goes against all the progress we've made towards a cashless society.
Plan for businesses to be hit with hefty fines if they refuse cash
A bid to halt Australia's seemingly unstoppable march to a cashless society includes hefty fines for busin...
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I was at a shop today that had talk back radio playing. The discussion about cash requirements and how it was an expense for business that they couldn't afford.
It's all confected as you can always get things done with the resources you have if you really want to. I doubt there is any significant cost in occasionally handling cash.
It's all confected as you can always get things done with the resources you have if you really want to. I doubt there is any significant cost in occasionally handling cash.
Any small business that refuses cash, or insists their customers pay by card has completely lost touch with the fundamentals of business. Business is about serving people, whether it be providing goods or services. If a business focuses on the costs or inconvenience of handling cash and make decisions solely based on this, then they're dismissing the service they provide to their customers by accepting cash. They're replacing such a service to their customers with a service to themselves. As we all know, the only reason they can still operate is because card payment is the preferred choice of payment for most people, and the loss in revenue is negligible to them.
We all have a role to play if we want to keep cash alive. Boycott and let it be known! There's no point being passive about it, we need them to know we're abandoning their business and the reasons for it.
We all have a role to play if we want to keep cash alive. Boycott and let it be known! There's no point being passive about it, we need them to know we're abandoning their business and the reasons for it.