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-   -   No more cashless businesses (https://www.talkofthevillages.com/forums/current-events-news-541/no-more-cashless-businesses-346535/)

spinner1001 01-04-2024 06:19 AM

Almost 5% of all U.S. households do not have a bank account. Cash transactions are still needed for millions of Americans as cashless is not a practical option for those less well-off folks without forcing them to use prepaid debit cards.

“Consistent with the results of previous surveys, unbanked rates in 2021 varied considerably across the U.S. population. For example, unbanked rates were higher among lower-income households, less-educated households, Black households, Hispanic households, working-age households with a disability, and single-mother households.”

2021 FDIC National Survey of Unbanked and Underbanked Households

La lamy 01-04-2024 06:29 AM

There is a problem with cashless. It occurred to us in my northern home when there was a major outage in the internet system. All stores weren't able to process cards for at least 48 hours. Some homes were internet free for up to 6 days. Only cash got you goods. It was an eye opener for sure.

Susan1717 01-04-2024 06:31 AM

I hope it passes. We should all have the freedom to pay either way we want and what works best for each individual. For many, it’s an easier way to not overspend or buy on impulse. I also do not want to be forced into having a paper trail of everything I do.

RWhitburn 01-04-2024 06:52 AM

Sweden is mostly cashless, once you get used to it, it’s so much easier. Through their banks, they have a system called Swish. You just tap your phone and pay via your personal barcode. Even garage sales are cashless! It’s the future, we have to get used to it.

Berwin 01-04-2024 07:02 AM

Phone? I use my watch to pay. :-)

Bill Torres 01-04-2024 07:14 AM

As a business men and currently having the cost of transporting the cash from the location to the bank is risky. So the cost of a contract can be eliminated. Having to obtain bills and coins is a nightmare. Gone. Human errors in cash exchange is eliminated. POS sales are registered and loss of merchandise (theft by employees) is controlled. Sadly businesses are having to curtail many factors to be profitable and cards although you pay a percentage to the bank and credit card company allows you a better control.

GizmoWhiskers 01-04-2024 07:16 AM

Quote:

Originally Posted by Boffin (Post 2287751)
Cashless is the way to go.

Sure if one wants the Wizzard of Oz to be able to flip the switch on money in/out. FL and The Villages, has always allowed people to think for themselves on life matters. Kinda want to keep it that way. The need small bills thing... look outside of T V and check the Wizzard of Oz to see "what's in your (their) wallet."

KendallW 01-04-2024 07:21 AM

There are likely several reasons they chose to go cashless, as a retail business owner for over 40 years I've been fortunate to have competent employees.These days finding quality employees could be a daughting task. Eliminating cash is just one more thing that owners won't have to worry about. I'm not making excuses as I believe in our currency and see the push to eliminate it. Cash is king and needs to stay that way.

bowlingal 01-04-2024 07:34 AM

I try to pay for everything with cash. NO cc debt for me, thanks

Two Bills 01-04-2024 07:37 AM

Quote:

Originally Posted by La lamy (Post 2287837)
There is a problem with cashless. It occurred to us in my northern home when there was a major outage in the internet system. All stores weren't able to process cards for at least 48 hours. Some homes were internet free for up to 6 days. Only cash got you goods. It was an eye opener for sure.

That is a very good point.
Will keep a few quid in my wallet.
Just in case!

Halbraun 01-04-2024 07:40 AM

And what about the population that cannot get credit cards for whatever reasons? Just another hurdle for them to deal with.. not everyone is as fortunate.

Two Bills 01-04-2024 07:42 AM

Quote:

Originally Posted by Berwin (Post 2287845)
Phone? I use my watch to pay. :-)

Never worn a watch in all my years, apart from when in military, then I carried it in my pocket.
Can't stand the restriction, same with rings etc.
Kids and grands all use them though.

Arctic Fox 01-04-2024 07:43 AM

.
I suspect there was a lot of resistance when cash first came in

You are expecting to exchange your chicken for a pair of shoes and the cobbler wants to give you round pieces of metal as change instead of some carrots? I don't think so!

Plus ça change...

ChicagoNative 01-04-2024 07:53 AM

Cashless is very convenient, but don’t fool yourselves into thinking that it’s not without its own set of issues. Anyone who thinks that “monitoring” a la CCP social credit, or that the internet will never go down, or that one will never have to worry about robberies or muggings again, is fooling themselves.

Weve already given so much of our lives over to technology. Remember how great email and instant messaging and Facebook were until the hackers came on the scene? We’re like the frog in the pot of water that slowly boils. We should all proceed with caution!

If anyone’s interested, this is a great work of fiction…..for now.

Daemon (Daemon, #1) by Daniel Suarez | Goodreads

paulajr 01-04-2024 08:15 AM

?
 
You want every move you make and everything you buy tracked? Oh…OK.


Quote:

Originally Posted by Boffin (Post 2287751)
Cashless is the way to go.



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