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Is cash still king?


youmightlikethis Avatar
20 Jun 2020 6:50AM
greggs are open but seem to be accepting cards only should the customer not have the optionSad
KarenFB Avatar
KarenFB Plus
17 6.0k 185 England
20 Jun 2020 7:06AM
I'm sure they realise they are losing custom by not accepting cash, but in the current times they want to protect their staff as much as they can (and cash is covered in germs at the best of times!). By using card there is the minimum contact between folk. Smile
saltireblue Avatar
saltireblue Plus
13 14.5k 89 Norway
20 Jun 2020 7:34AM
It is not a question of whether or not cash is still king, more a case of a common sense decision while the pandemic is still around.
Here in Norway, all places which take payment are actively encouraging the use of contactless payment by card (most stores now have NFC card terminals) and some are refusing cash. It just makes sense, as Karen says, to minimise unnecessary human contact.
JackAllTog Avatar
JackAllTog Plus
14 6.4k 58 United Kingdom
20 Jun 2020 9:39AM
Cash has only been used in our house twice in 4 months now, once for paying a local dog groomer, and once for paying local hair dresser. Only because they don't have mobile payment machines. Both of them talked of how they sanitised the money after - LOL, i heard that as laundered Wink
franken Avatar
franken Plus
21 5.8k 4 United Kingdom
20 Jun 2020 9:59AM
The use of cash was declining before the current situation. I've not used a cash machine since early March and just about everywhere uses contactless payments these days.
JJGEE Avatar
JJGEE 18 8.1k 18 England
20 Jun 2020 10:13AM
I have joined the modern world by going " contactless " in some places but am still using cash at the take-away fish & chip shop, newsagent & Sainsbury's ( for small purchases like a bottle of milk )

And next week I am having the MOT on my car and the garage only takes cash or cheques but I do not have a cheque book so its cash !

saltireblue Avatar
saltireblue Plus
13 14.5k 89 Norway
20 Jun 2020 10:52AM
I always have around the equivalent of £20 in my wallet, but that never gets used - it is just in case of emergencies. All my transactions are done by card, no matter how small the amount. We don't get charged for transactions other than taking out cash from an ATM so no need to think of the cost.
Dave_Canon Avatar
Dave_Canon 17 2.2k United Kingdom
20 Jun 2020 11:05AM
I have not used cash since sometime in early March. I have not even used a card out in that time either as I have not been to a shop. When I buy on-line I use a credit card or Pay Pal.

I have booked my car for a service and MOT on the 29th. I would expect to pay them by bank transfer and will not be visiting them anyway as they will collect and return the car.

I am Treasurer of my Camera Club and we pay all commercial bills by bank transfer as well as any members who claim expenses. Also we strongly encourage members to pay their annual subs by bank transfer (70% did so last year but I would expect that figure to go higher). I am hoping that visiting judges and speakers will start accepting payments by bank transfers as well.

I would like cash to continue and would still use it myself in some circumstances once this Virus is out the way.

Dave
dark_lord Avatar
dark_lord Plus
19 3.0k 836 England
20 Jun 2020 3:09PM
As I've said before, cash is outdated, get rid of the nostalgia for it. Tokens work in supermarket trolleys so there's no need to have one of those quaint coins.
Even buses in rural areas have been contactless for a while.
It's easy enough to wash plastic money if you so wish Smile

Quote:I always have around the equivalent of £20 in my wallet, but that never gets used

Say no more Wink
youmightlikethis Avatar
21 Jun 2020 5:43AM
thanks for replies
EddieAC Avatar
EddieAC 18 3.8k 2 United Kingdom
21 Jun 2020 11:39AM
Both our local Chinese takeaway and Fish 'n' Chip Shops do not take cards and the pandemic has not changed their view.

This has in the past caused them issues when all three cashpoints in the village are not working so far less pople can place an order.
SlowSong Avatar
SlowSong Plus
15 11.1k 30 England
3 Jul 2020 1:48PM
Heard on the radio this morning that a huge number of cash machines are now empty. I expect there will be silent satisfaction amongst some that the demise of cash may now come sooner rather than later.
thewilliam2 Avatar
thewilliam2 6 1.7k United Kingdom
3 Jul 2020 2:31PM

Quote:Heard on the radio this morning that a huge number of cash machines are now empty. I expect there will be silent satisfaction amongst some that the demise of cash may now come sooner rather than later.


It isn't that the ATMs have been robbed?
Dave_Canon Avatar
Dave_Canon 17 2.2k United Kingdom
3 Jul 2020 4:46PM
Which? have been promoting a campaign to retain cash to protect the millions who still rely on it. The Chancellor has agreed to protect cash. While this is not a big issue for me personally, we do have to consider that it does affect many.

When I started work my salary was paid directly to my bank account. However, there were a section of the staff who insisted on being paid by cash (in the 1960's). Eventually they had to accept bank transfers and take out accounts for the first time in their lives for many. Wages snatches were more common then and the staff who handle the wages were put at risk. My wife worked in such a place and told her boss that if armed robbers arrived she would not resist but ask then how they would like it bagged.

Dave

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