Is cash on the way out?

Bretrick

Bretrick

Well-known Member
Location
Perth Western Australia
This morning, looking for a coffee, the first two places would not take cash so I went elsewhere.
Last week I went to a coffee shop at 1.50pm on a Friday. The person behind the counter informed me they close at 2pm. I went elsewhere. That place also does not accept cash. I told this to my friend’s wife and she said there are many senior people who no longer go there because they do not take cash.
One place I went to would not serve me a coffee unless I bought a meal.
How can businesses complain when they do not take the money people want to part with?
 

I still pay in cash for food shopping ….what many don’t realise by using cards is , once Banks get everyone paying with cards ~ and they get rid of cash ….customers will start getting hit with surcharges ….many are charging it now cause ~ the businesses want to pass the charges onto us …instead of taking it out of their profits
 

Kadee said:
I still pay in cash for food shopping ….what many don’t realise by using cards is , once Banks get everyone paying with cards ~ and they get rid of cash ….customers will start getting hit with surcharges ….many are charging it now cause ~ the businesses want to pass the charges onto us …instead of taking it out of their profits
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I use cash for all small purchases. Supermarket food shopping included.
 
The availability of ‘big data’ and the increasing sophistication of artificial intelligence have led to increased consumer profiling in many areas of life. We receive marketing e-mails for products or for investment opportunities, based on our browser history. We get an automated rejection letter for a job application, because we took too long to fill out an online questionnaire. Our credit score is adjusted after we shopped at unusual places.

The shop, the employer, and the bank collect our personal data and, increasingly, use AI models to detect patterns. These allow them to make a prognosis on whether we might be interested in buying a certain product or investing in a financial instrument, on whether we would perform well in a job or pay back a loan. Such profiling is the practice of automated processing of personal data. All of that data is gleaned from our cards, be it credit, debit or loyalty card, with every transaction we are profiled.

The sinister part of profiling is that once companies and others with a vested interest have amassed as much information as possible, they buy other company's profiles to boost that which they already have, then they sell it, and all without our knowledge. Cash in the meantime remains anonymous, and we can't have that, can we?
 
We get most if not all our groceries @ Winco, their policy is cash - no credit card is accepted. They no longer use cards. although debit cards are still accepted. Their prices are better, no bulk buying like CostCo. So you save not using a card. They are mainly located in the western/mountain states: Washington, Oregon, California, Nevada, Utah, Idaho, I believe they've opened in Arizona. You sack your own, wider aisles, nice shopping. We still use cards at Walmart, CostCo & some other outlets, like Trader Joe's.

We purchase our fuel at Arco they have a cash price & a card price darn close to a 10% savings. Beats any rewards card going. I've even made cash deals at other places, if not accepted usually no purchase, their loss. Doesn't hurt to ask. I do buy a few items on my unlimited 2% cashback card. Rewards are not my main motivation.
 
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I recall some years ago, Chicago DMV's refused all cash tendered. Thats because the employees were stealing it.

But I do recall my days as a gas jockey closing up to the station. Some nights I would deposit $2,000 (This was 1983) so a robbery then, nailed you some fast cash.

Today, restaurants and coffee shops have to be aware of people scoping out their business and timing nightly deposits, to rob them.

Thats why I'm not surprised that some won't take cash. Plus considering now that people would probably get robbed and then shot and so they don't want their employees killed off.
 
An online poster commented that he couldn’t get enough cash from his local bank for a large purchase he was making . He had the money in his account; the bank had almost run out of cash on a Friday afternoon. It was suggested he go to a neighbouring branch where they were going to be low on cash but they gave him the money.

He also commented that the ATM lineups were longer than usual.

Are people hoarding cash?
 
Jules said:
An online poster commented that he couldn’t get enough cash from his local bank for a large purchase he was making . He had the money in his account; the bank had almost run out of cash on a Friday afternoon. It was suggested he go to a neighbouring branch where they were going to be low on cash but they gave him the money.

He also commented that the ATM lineups were longer than usual.

Are people hoarding cash?
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Sounds like a good policy, now if I can keep my SO out of Winco, I might be able to start hoarding it. I have edited/downsized a lot of my purchases & services. Cash is still spendable, not going out of style anytime soon, I hope! I'd just hate having a large pile of cash lying about.🤗
 
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Jules said:
An online poster commented that he couldn’t get enough cash from his local bank for a large purchase he was making . He had the money in his account; the bank had almost run out of cash on a Friday afternoon. It was suggested he go to a neighbouring branch where they were going to be low on cash but they gave him the money.

He also commented that the ATM lineups were longer than usual.

Are people hoarding cash?
Click to expand...
in the uk if you want to withdraw more than 3k from your account you have to book a day for the withdrawal.. to ensure they have enough cash ..it's always been that way
 

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