Do you mostly use cash or card?

worded

Equal mixture of cash / card / phone pay

draiochtanois wrote: »

This post has been deleted.

Why do retailers say there is a minimum spend? Because they are getting shafted by the credit card companies ? And you want to report a small shop to big brother? Pay small amounts in cash and keep small businesses in business

allthedoyles

Mostly cash

Was in a take-away this evening and two big signs up - CASH ONLY !!! and another - CASH ONLY !!! NO CREDIT CARDS



Don't know what the 3 asterisk's are supposed to mean .

appledrop

Mostly cash

I was in Blancharstown SC during sale + popular clothes shop machine wasn't working. Every single person in queue had to leave the clothes + go to cash machine to get money. About 20 people. Just shows how little cash people carry anymore.

allthedoyles

Mostly cash

appledrop wrote: »

I was in Blancharstown SC during sale + popular clothes shop machine wasn't working. Every single person in queue had to leave the clothes + go to cash machine to get money. About 20 people. Just shows how little cash people carry anymore.

I notice ATM's popping up in shops . I withdrew cash today in the centre of the store in Heatons , Waterford , and I notice an ATM is actually in a casino in Tramore .

retalivity

Equal mixture of cash / card / phone pay

murpho999 wrote: »

Really, what are people afraid off.

What you least expect!

Really though, data proliferation & usage has exploded in the last 10 years, and we are only starting to hear stories of its misuse. Financial data is much the same, collected as such, and is probably misused in the same way, although its not as widely reported (yet).
Having a small number of people control the value of currency has proved detrimental to a number of countries, economies & civilizations down the years - having a small number of people controlling the access to it, as well as the value (and with google, apple etc., controlling other things as well), its not a road I want to go down, no matter how mundane my life and spending is

Wanderer78

allthedoyles wrote:

I notice ATM's popping up in shops . I withdrew cash today in the centre of the store in Heatons , Waterford , and I notice an ATM is actually in a casino in Tramore .

Keep'em spending, it's good for the economy!

liam7831

Coinage

worded

Equal mixture of cash / card / phone pay

Anyone know what fees are to retailers for taking cards?

I’m all for businesses incurring as little fees as possible from financial institutions.

jester77

Mostly cash

worded wrote: »

Anyone know what fees are to retailers for taking cards?

I’m all for businesses incurring as little fees as possible from financial institutions.

Probably less than paying for a security company to transport cash

Canis Lupus

worded wrote: »

Anyone know what fees are to retailers for taking cards?

I’m all for businesses incurring as little fees as possible from financial institutions.

In Australia I think it's around 1- 1.5%

ahhjaysus

Card. Impossible to avoid with the whole contactless dealeo these days

murpho999

Mostly cash

Wanderer78 wrote: »

Is it a good idea though to have a banking system that's largely undemocratically controlled, that potentially has the power to potentially prevent depositors gaining access to their money, particularly during serious economic crisis? By having a largely cashless society, the potential for this to occur increases.

The banking system is democratically controlled though.

Regulated by the Central Bank and the regulator which is run by a democratically elected government.

How does a cashless society increase the prevention of depositors getting access to their cash?

If they have deposited it then the banks control it regardless of how they can access it. Nowadays it's ATM cards and phones, years ago it was cheques and withdrawals. Noting really has changed.

murpho999

Mostly cash

jester77 wrote: »

Probably less than paying for a security company to transport cash

Banks also charge them more for handling cash then an electrical payment.

dasdog

Equal mixture of cash / card / phone pay

appledrop wrote: »

However recently one if my cards got hacked + it was a wake up call on how we are too reliant on them.

Every transaction is an authorisation. The more transactions and end points they are executed from the higher possibility of interception. You're not alone and it's going to happen more and more frequently.

appledrop wrote: »

I was in Blancharstown SC during sale + popular clothes shop machine wasn't working. Every single person in queue had to leave the clothes + go to cash machine to get money. About 20 people. Just shows how little cash people carry anymore.

If 100% of the twenty left and returned to pay I would say it's more a reflection of the demographic of the customers. A retailers dream

Canis Lupus

I use only card. Only time is once a year when I pay for my motorbike service as the mechanic doesn't have a POS machine. Other than that if I make a purchase from something like Gumtree but 99.9% of my monetary transactions in life is card. Gone are the days of cash and swinging pockets full of heavy change. (especially when I lived in the UK... holy crap the weight of pound coins is daft).

appledrop

Mostly cash

dasdog wrote: »

Every transaction is an authorisation. The more transactions and end points they are executed from the higher possibility of interception. You're not alone and it's going to happened to more and more frequently.


Yea I have been lucky up to now. Just mad as I buy very little online + still had the card. In fairness the bank were on the ball + they contacted me as suspicious about the transactions they tried to put through.

It does make you realise though that maybe I've become too reliant. I was panicking thinking how would I cope without the card.

Stephen15

Equal mixture of cash / card / phone pay

Cash only for me apart from Leap card for public transport and card for buying stuff online.

worded

Equal mixture of cash / card / phone pay

murpho999 wrote: »

Banks also charge them more for handling cash then an electrical payment.

So why do so many retainers have a minimum spend policy for cards?
Retailers are resisting the fees for smaller purchases they are not embracing it

GarIT

Mostly cash

worded wrote: »

Pay small amounts in cash and keep small businesses in business

The sooner small businesses close the better.

worded

Equal mixture of cash / card / phone pay

GarIT wrote: »

The sooner small businesses close the better.

Small businesses are vital to our economy and are big employers.

Wanderer78

murpho999 wrote:

The banking system is democratically controlled though.

It's not actually, large proportions of it are controlled by undemocratic institutions, there's very little democratic control within our own European central bank, this was very evident in its dealings with the previous banking crisis, even the language used towards our own government during the crisis was telling, and somewhat disturbing. The comments of people such as yanis varoufakis are also disturbing of how these undemocratic institutions deal with countries such as Greece during such crisis

murpho999 wrote:

Regulated by the Central Bank and the regulator which is run by a democratically elected government.

Our own central banks have effectively become powerless within the workings of these European financial institutions, and since we re also in the era of deregulation, this is not a good combination

murpho999 wrote:

How does a cashless society increase the prevention of depositors getting access to their cash?

It's possible that in future economic crisis, if only a few undemocratic institutions have majority control of our monetary systems, these institutions could easily take total control of our access to our money, only allowing access under their rules, this was effectively what happened in countries such as Greece and Cyprus during the previous crisis, and was effectively threatened towards us also.

murpho999 wrote:

If they have deposited it then the banks control it regardless of how they can access it. Nowadays it's ATM cards and phones, years ago it was cheques and withdrawals. Noting really has changed.

A lot has actually changed, particularly after the crash, it does look like there's an increase in the likelyhood of things such as bank bail ins to occur during future banking crisis, as decided at G20 meetings in Brisbane 2014

GarIT

Mostly cash

allthedoyles wrote: »

Was in a take-away this evening and two big signs up - CASH ONLY !!! and another - CASH ONLY !!! NO CREDIT CARDS

There's a take-away less than 5 mins from my house, they won't take cards and the nearest ATM is 15 mins away beside another take away. You can guess who hasn't seen me since the day I moved in. My family are big spenders on take-aways too probably up to €100 a week, their loss. Mine too I guess because I've to travel further but it doesn't bother me really.

GarIT

Mostly cash

worded wrote: »

Small businesses are vital to our economy and are big employers.

In the current econimic climate we wouldn't miss them, that could be different in a recession though.

I've never come across a small business that can compete with Tesco, Amazon and AliExpress in terms of service or price. I've never seen a small retailer with a self service checkout or one that isn't ridiculously overpriced. Buying in bulk has it's obvious advantages, large businesses are better economically and even ecologically.

Autochange

Mostly cash

Bitcoin

Wanderer78

GarIT wrote:

I've never come across a small business that can compete with Tesco, Amazon and AliExpress in terms of service or price. I've never seen a small retailer with a self service checkout or one that isn't ridiculously overpriced. Buying in bulk has it's obvious advantages, large businesses are better economically and even ecologically.

You could argue that large business retailers are possible far worse economically and environmentally, engaging in dangerous 'wealth extractive' behaviour and questionable environmental practices

CeilingFly

Mostly cash

worded wrote: »

Anyone know what fees are to retailers for taking cards?

I’m all for businesses incurring as little fees as possible from financial institutions.

For debit card its between 0.2% and 0.5%
For credit card its between 0.5% and 1%

We're a smallish retail company and pay 0.35% debit and 0.65% credit card.

Cash lodgement costs 0.45% + we have to count it and spend time going to the bank.

We far far far prefer card payment. Cash is a pain in the ass.

Cash represents less than 20% of turnover - a big change from 50%+ just 2 years ago.

CeilingFly

Mostly cash

GarIT wrote: »

In the current econimic climate we wouldn't miss them, that could be different in a recession though.

I've never come across a small business that can compete with Tesco, Amazon and AliExpress in terms of service or price. I've never seen a small retailer with a self service checkout or one that isn't ridiculously overpriced. Buying in bulk has it's obvious advantages, large businesses are better economically and even ecologically.

Too many people falsely think a bigger store is cheaper.

I'm involved with an independent retail company. We're cheaper than amazon, cheaper than UK competitors and way way cheaper than Debenhams (over 20% cheaper) and that's our standard everyday pricing.

We don't have head office costs or shareholders demanding 10%+ net profit

GarIT

Mostly cash

Wanderer78 wrote: »

You could argue that large business retailers are possible far worse economically and environmentally, engaging in dangerous 'wealth extractive' behaviour and questionable environmental practices

I didn't think of that aspect, it's hard to tell, on a base level from things like transport a large retailer would be significantly more efficient but I don't know what goes on behind the scenes.

CeilingFly wrote: »

Too many people falsely think a bigger store is cheaper.

I'm involved with an independent retail company. We're cheaper than amazon, cheaper than UK competitors and way way cheaper than Debenhams (over 20% cheaper) and that's our standard everyday pricing.

We don't have head office costs or shareholders demanding 10%+ net profit

You could be correct, but is your quality as good? It's easy to be cheaper than the most premium retail chain in the country, bar Arnotts and Brown Thomas and House of Fraser if they count.

Do you sell Rocha John Rocha, Tommy Hilfiger and Ben Sherman at 20% less then Debenhams?

Even if a small business was cheaper with as good quality I'd be reluctant to go to a small retailer as they are often more difficult to deal with if you have any issues and almost never follow consumer laws in my experience.

Wanderer78

GarIT wrote:

I didn't think of that aspect, it's hard to tell, on a base level from things like transport a large retailer would be significantly more efficient but I don't know what goes on behind the scenes.

It's hard to be definite with such things as there's so many variables and unknowns, but personally I'd rather do business with local retailers whenever possible, particularly for economic reasons. Even do I do purchase in large retail stores, I do believe, economically, local retailers are better for the local economy. It's important not to forget the amount of energy that is required to transport goods around the world, and fossil fuels are mostly used in this process, we can't keep doing this, it's unsustainable and dangerous

Jennehy

I have put the chip part of card sellotaped to my lad. Brings a whole new meaning to tapping it.

CeilingFly

Mostly cash

GarIT wrote: »

You could be correct, but is your quality as good? It's easy to be cheaper than the most premium retail chain in the country, bar Arnotts and Brown Thomas and House of Fraser if they count.

Do you sell Rocha John Rocha, Tommy Hilfiger and Ben Sherman at 20% less then Debenhams?

Even if a small business was cheaper with as good quality I'd be reluctant to go to a small retailer as they are often more difficult to deal with if you have any issues and almost never follow consumer laws in my experience.

Identical product

Award winning service.

And my experience of dealing with small business is they go way beyond what larger stores do - but then if I hoan issue I'll approach it in the correct manner. Some people (this is not targeting you) think if they shout and threaten Joe duffy, that they'll get better service.

Those people are terribly stupid people.

As for saying that Debenhams are premium? You are joking! They are as middle market as you can get and way overpriced.

Autochange

Mostly cash

Jennehy wrote: »

I have put the chip part of card sellotaped to my lad. Brings a whole new meaning to tapping it.

your mother would be disappointed in you

Subcomandante Marcos

Right now I mostly use MPESA and I kinda wish it was used in Ireland. I can literally pay for or revieve money for anything here (Kenya) with MPESA. It's an amazingly simple but effective technology. I wish it was used everywhere.

Jennehy

Autochange wrote: »

your mother would be disappointed in you

Your mother digs it.

Wanderer78

CeilingFly wrote:

Those people are terribly stupid people.

I'd say more ignorant than stupid, I'd say they'd wreck your head as a business owner

Autochange

Mostly cash

Jennehy wrote: »

Your mother digs it.

Ill go up with a shovel and dig yours up

lulu1

Never use card always cash

Electric Sheep

Mostly cash

GarIT wrote: »

In the current econimic climate we wouldn't miss them, that could be different in a recession though.

I've never come across a small business that can compete with Tesco, Amazon and AliExpress in terms of service or price. I've never seen a small retailer with a self service checkout or one that isn't ridiculously overpriced. Buying in bulk has it's obvious advantages, large businesses are better economically and even ecologically.

I hope you can find a suitably large takeaway to spend your $100 per week in. Must kill you to use a small one.

GarIT

Mostly cash

Electric Sheep wrote: »

I hope you can find a suitably large takeaway to spend your $100 per week in. Must kill you to use a small one.

It obviously wouldn't bother me. There's 5 of us in the house so €100 isn't a huge amount. I'd go to the closest one if they accepted card payments.

Franz Von Peppercorn

Mostly cash

worded wrote: »

Anyone know what fees are to retailers for taking cards?

I’m all for businesses incurring as little fees as possible from financial institutions.

0.1% max. That’s for debit cards and contactless payments.

https://www.irishtimes.com/business/retail-and-services/retail-shops-welcome-cut-in-cost-of-processing-debit-card-payments-1.2390383?mode=amp

Edit:

Well that was proposed legislation anyway. Specifically designed to encourage cashless. The minister himself said that minimum limits should go away.

Retailer reluctance is probably ignorance. It was clear the small shopkeeper on the other thread had no idea.

I suppose there was a set charge a few years ago and that made purchases lower than 5€ impractical.

With a % it shouldn’t matter.

Franz Von Peppercorn

Mostly cash

GarIT wrote: »

It obviously wouldn't bother me. There's 5 of us in the house so €100 isn't a huge amount. I'd go to the closest one if they accepted card payments.

The gross margin they are losing out on that purchase will be made back after they force a few thousand cash rather than contactless payment.

I asked the guy who is working in the local shop - no lower limit on contactless. 3€ on pin.

I like to carry a bit of cash because I feel I budget my most disposable money a bit better that way, it feels more real. Usually carry less than 70-80 Euro, useful for different purposes like paying for dinner, drinks, small purchases. I just feel naked if I’m not carrying a small sum of cash. Use the card for larger payments, like most people.

CeilingFly

Mostly cash

Franz Von Peppercorn wrote: »

0.1% max. That’s for debit cards and contactless payments.

https://www.irishtimes.com/business/retail-and-services/retail-shops-welcome-cut-in-cost-of-processing-debit-card-payments-1.2390383?mode=amp[/url.

That's the interchange fee that goes to visa/Mastercard . You also have local merchant processing fee.

Franz Von Peppercorn

Mostly cash

CeilingFly wrote: »

That's the interchange fee that goes to visa/Mastercard . You also have local merchant processing fee.

Is that a fixed cost?

Mike Hoch

I'd probably use my debit card 6 times a year, if that, only when I've been caught short with no cash. I despise using them.

I'd use the credit card for either emergency pre payday stuff (car repairs and the like) or to keep me tided over if I run out of current acc cash before payday.

The use of card daily baffles me. It takes days to appear on your bank records, it clutters them with dozens of small purchases, you drive yourself mad wondering why there's a 40 euro charge you dont recall making.

Not to mention the unreliability. A few weeks back I'd to kill some time after work before an appointment I had in the evening, so I said I'd stall it to a boozer and watch Senegal vs Poland in the WC with three or so pints. Being the day before pay day it would be going on the credit card. Paid up, took my seat, and a good 3 or 4 minutes later and mid match I'm interrupted by the barman with some rejection slip in his hand, asking me to hand him the card to try again.

Is this really the type of hassle people want to live with going forward?

Atoms for Peace

Equal mixture of cash / card / phone pay

Very surprised by the poll results, its bad enough the dirt google have on me already without handing over my financial details to them as well.
You'll have to take my hard cash from my cold dead hands. Its bad.

Hector Bellend

Equal mixture of cash / card / phone pay

I cash like a motherf*cker

Franz Von Peppercorn

Mostly cash

Atoms for Peace wrote: »

Very surprised by the poll results, its bad enough the dirt google have on me already without handing over my financial details to them as well.
You'll have to take my hard cash from my cold dead hands. Its bad.

Google have access to your bank records?

No they don’t - but the banks have access to your financial records. Revenue can get access fairly easy. There’s no privacy there.

ronnie085

Equal mixture of cash / card / phone pay

Mostly cash, the less banks know what you spend your hard earned money on the better, worse again apple and the likes, really can't understand why you would let them track what your buying

killanena

Equal mixture of cash / card / phone pay

I'm about 50-50, always keep at least 50 in cash on me in case somewhere doesn't accept card or they are having issues processing them. I don't mind all the change either. Anything that's not brown goes in a jar, when its full I could have 200-300 to spend freely