The moaning about cardless is hilarious. This is the world we live in. Get with the programme.
I haven't had cash since pre-covid. And if by chance I end up with some I can't wait to get rid of it.
Well that's ok for you. But it's not the world we live in.
Many people still have cash, and still use it. I don't remember signing up to a cashless society - and that's because I haven't. And it isn't.
Card was used for about a third of all transactions in 2021, and I'm sure that's now increased. But........
“The UK's transition to becoming a 'cashless society' has been spoken about as an inevitability for years. However,
cash remains a crucial method of payment for most UK consumers, who still rely on its accessibility and convenience and ability to budget in the current high inflation macro-economic climate.
This quote was dated Dec 2022.
In my taxi, I get more than half in cash. So it's still very popular and very relied on. However, younger folk tend to use card more than the elderly in my experience.
Given that I get paid in cash, I expect and want to be able to use that cash freely. In the vast majority of places where I spend my money, I can pay in cash. That includes shops, restaurants, bars and so on.
I've noticed I don't usually get tipped when people use card to pay. It's the same in bars, having spoken to bar staff about this. They rely on their tips to make the job financially worthwhile, but their money from tips is drastically reducing as more folk pay by card.
At the moment we have this inconsistency in how we can pay. I went down the M6 toll road and it was card payment only. Yet I went over a toll bridge down south, and it was cash only. Neither makes sense when we have such widespread use of both payment methods.
I can go to Morrison's in Cleveleys and pay for fuel with cash. Yet I tried to fill up at Morrison's in Speak near Liverpool airport, and it was card payment only. Despite there being the petrol station shop with an attendant inside. So that's the same company selling fuel in two locations where at one I can pay cash but at the other I can't. And yes, at the Speak Morrison's supermarket you can pay for your shopping with ....yeah you've guessed it.....cash!
It's inconsistent and illogical. I am not against card payments, and I pay by card regularly, but I like having the choice, and I don't on principle, like being forced or coerced into paying by card. Places that set up as card only are not being considerate to all their potential customers. Well good luck to them. We may be a more modern world, but I still think common sense and business sense applies. It's a brave (or stupid) business that sets up as card only when cash is still so commonplace. It suggest to me that they're not marketing themselves at the lower income folk, or the elderly. Businesses need to maximise their opportunities rather than limit their customer base to card-only payers.
It also suggests the forthcoming market won't be any such thing. It will be a few stalls selling higher end items rather than traditional market stalls. Unless they're going to allow the market holders to trade in cash. Which to be honest wouldn't surprise me.
I'm sure many financial institutions want to phase out cash, as it means they'll rake in more profits. Every card transaction comes with a transaction fee. These are not insignificant. If I take an airport booking which is a very competitive £150 return, I prefer cash as I get the full amount to myself. Why would I want to give a couple of quid to some card payment processor?
I'm getting my daughters some euros soon as they're going abroad. (Yes contrary to Project Fear, the planes are still flying and you can still travel freely to Spain etc ;-) ).
Do I get them euros on a pre-loaded payment card, or do I credit their UK bank accounts with Sterling so they can use Apple Pay or debit card, or do I get them physical euros? Or do I mix and match? I'm pretty sure they'll need the actual euro notes and coins in many establishments.
So as I said, it's not the world we live in, not be a long stretch, not yet.