10 reasons why we should be cashless in 10 years or less.

As for why Americans still use those things called checks ... don't know. Like most people, I use a mix when it comes to means of payment - from cash to credit and debit cards, mobile payments, direct debit, and so on.

It is quite obvious that cash will become even less relevant in the next couple of years, and that various "card based" transactions will become "smartphone based" transactions. And yes, of course handling cash costs money - money that the retailer has to pay to cash distributors etc.

Then again, the mix that I mentioned is only partly because I want that mix. Another reason is that I need to have various options, simply because what is accepted at store A may or may not be accepted by B. That is not much of an issue when it comes to card payments but primarily with regard to mobile payments.

Christian

 

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After the big one none of the previously mentioned currencies will hold a candle to bullion of whatever form...

 

got my zombucks...

 

It's bad enough we no longer have Johnny Cash but you expect us to have no greenbacks too?!

 

China likes the idea.
http://www.telegraph.co.uk/finance/...cuts-back-on-buying-US-dollar-securities.html

 

Money for nuthin'.........

 

For some reason I remember you saying banks don't give out any FREEBIES anymore...

 

I would say so based on this thread created by "doom" himself:

I'm really edited @ Wells Fargo.
I had $18.44 in my checking account.

I spent it, dropping my account to $0.00

I forgot I had a $18.00 preauthorization for a bill, which then made my account negative $18.00. I also made two purchases with my debit card, for 17 and 25 cents that day at a local store.

Well the bank returned the $18.00 back to the merchant, due to "insufficient funds", and charge me a fee of $35.00 as a "return item fee".

edited kind of logic is this?

Why on earth would a bank charge me a fee for not having enough money, and then give the charge back to the merchant. Why not return the charge, and call it edited even?

Then they charge me two "overdraft fees" for the 17 and 25 cents I charged to my debit card.

Now my account is negative over 100 dollars thanks to these edited . They won't waive any fees.

Please remember language in quotes ( even from off site) that violate our language rules reflect on the person quoting. Thanks

 

Misery loves company.

 

Can we kill this thread now?

 

Oh lord we're gonna need a fly swatter!

 

How come this thread wasn't killed before it was put up? Now that would be a 1st class service to the community and man-kind. Bet the person being able to do that would be showing what a leader he is.

Now the other thing I wonder is how many HIV carriers or infected persons has used a particular check-out counter manned by one doom and gloom dude? Is that person still working at this with the risk he believes it entails and he hasn't sued the store for putting him at high risk for contracting some deadly disease????? Amazing!

 

Uh...the 3,3 million cashiers employed in the US dislike this thread.

 

As if, since probably less that 5 even know about it

 

I have to say, when I worked salvage, we handled $20k plus daily, and I preferred cash. Maybe it was our point-of-sale system, but cash transactions went faster than credit. I don't look for cash to go away any time soon.

 

Actually, this is completely wrong. Contrary to popular belief...this particular virus is actually quite difficult to transmit.

 

Plus, they have latex gloves for cashiers to use near the tills. Use your PPE's (personal protective equipment) supplied by your employer.

 

I think the banks have had more money lost or stolen through electronic means, than any other illegal activity in their history. It is the number one concern in the banking industry. Until that issue is resolved, which could be never, I wouldn't put ALL my faith in a currency system based upon a non-physical unit. You also need an emergency fund that can function and be sustained on it's own, independent of electricity, other people or institutions to operate.

 

Hey everybody! Let's waste days arguing in circles, talking to a member who doesn't respond back! YAY!