Cashless society ?
Discussion
J4CKO said:
My local Chinese is the same, I have suggested it but may as well have introduced string theory to the dog based on the reaction. Same to the Indian takeaway, went in a few times when they opened and the food was alright and the owner affable, but didnt take cards, he clocked me walking past and asked why he hadn't seen me in a while and I said its because you dont take cards. I was quite open, if we want an Indian and haven't got cash, usually fifty plus quid if all the kids are home then we order from the place that takes cards, he countered by suggested the newsagents over the road does cashback. They have now finally got a card machine.
The Chinese place though, no chance, I suspect (happy to be proven wrong) their business model is entirely based on cash and a set of books that could win the Booker prize for fiction, £8 for spare ribs, bones in some goop, costs maybe £1.50 to £2 to make, canned chicken in slop with a few bits of veg for £7/8, some boiled rice £2.50. She did say that the card charges were too high, so when you are selling at their kind of markup, you cant absorb the minimal charge that other places seem to do ? Never really hear of minimums now. Suspect that the cash being banked isnt a problem as all household stuff will be done with cash where possible, the kids they employ get paid cash in hand out of the till (one of mine worked there)
Yep.Cash up ,into the rough old merc ,head down the casino and with a bit of luck double up for the cash and carry in the morning.
The Chinese place though, no chance, I suspect (happy to be proven wrong) their business model is entirely based on cash and a set of books that could win the Booker prize for fiction, £8 for spare ribs, bones in some goop, costs maybe £1.50 to £2 to make, canned chicken in slop with a few bits of veg for £7/8, some boiled rice £2.50. She did say that the card charges were too high, so when you are selling at their kind of markup, you cant absorb the minimal charge that other places seem to do ? Never really hear of minimums now. Suspect that the cash being banked isnt a problem as all household stuff will be done with cash where possible, the kids they employ get paid cash in hand out of the till (one of mine worked there)
Yep.Cash up ,into the rough old merc ,head down the casino and with a bit of luck double up for the cash and carry in the morning.
technodup said:
ecsrobin said:
Tyre Smoke said:
Typically the card charges are 1.5-2.0% on the likes of Izettle, etc. That's it. No other charge except the machine, a one off £40 to buy.
Old school Worldpay machines are the same, but with a monthly rental of no more than £25.
There is no fiscal legal reason for a successful business not to take cards.
And the benefit for the business with the likes of izettle is real time takings via the app. Old school Worldpay machines are the same, but with a monthly rental of no more than £25.
There is no fiscal legal reason for a successful business not to take cards.
If he can factor this into his business model, the only excuse for other places not doing it I can see is to hide income from the taxman.
C70R said:
technodup said:
ecsrobin said:
Tyre Smoke said:
Typically the card charges are 1.5-2.0% on the likes of Izettle, etc. That's it. No other charge except the machine, a one off £40 to buy.
Old school Worldpay machines are the same, but with a monthly rental of no more than £25.
There is no fiscal legal reason for a successful business not to take cards.
And the benefit for the business with the likes of izettle is real time takings via the app. Old school Worldpay machines are the same, but with a monthly rental of no more than £25.
There is no fiscal legal reason for a successful business not to take cards.
If he can factor this into his business model, the only excuse for other places not doing it I can see is to hide income from the taxman.
General takings went up thanks to it.
Surprise surprise...
C70R said:
The guy who pushes a trolley of home-made brownies around our office (and other local offices) on a Friday can accept card payment (via an iZettle).
If he can factor this into his business model, the only excuse for other places not doing it I can see is to hide income from the taxman.
Why do they need an excuse to decline taking cards when it costs them money to do so?If he can factor this into his business model, the only excuse for other places not doing it I can see is to hide income from the taxman.
Good luck to your cake man but I don’t see why others should have to follow suit.
bad company said:
C70R said:
The guy who pushes a trolley of home-made brownies around our office (and other local offices) on a Friday can accept card payment (via an iZettle).
If he can factor this into his business model, the only excuse for other places not doing it I can see is to hide income from the taxman.
Why do they need an excuse to decline taking cards when it costs them money to do so?If he can factor this into his business model, the only excuse for other places not doing it I can see is to hide income from the taxman.
Good luck to your cake man but I don’t see why others should have to follow suit.
Henners said:
bad company said:
C70R said:
The guy who pushes a trolley of home-made brownies around our office (and other local offices) on a Friday can accept card payment (via an iZettle).
If he can factor this into his business model, the only excuse for other places not doing it I can see is to hide income from the taxman.
Why do they need an excuse to decline taking cards when it costs them money to do so?If he can factor this into his business model, the only excuse for other places not doing it I can see is to hide income from the taxman.
Good luck to your cake man but I don’t see why others should have to follow suit.
Many of my tradesmen still want cash. When I had a leaking roof a couple of years ago the roofers would only come out for cash. Didn’t leave me a lot of choice.
.. Going back to cheques, I got married last year and we probably had a dozen cheques for us as gifts. A little awkward but we'd suggested we didn't want any physical gifts, as we didn't really need anything.
I probably use cash more than most, I usually get £x out in a lump sum with the idea it will see me through a couple of weeks. Like a few others have said I find it easier to budget that way. I intend to change or using my card more though given recent developments. Contactless has obviously made a massive difference to the speed of transactions, and also that most pubs have far more card readers than only a few years ago. No more walking to the other end of the bar to put your card in.
I probably use cash more than most, I usually get £x out in a lump sum with the idea it will see me through a couple of weeks. Like a few others have said I find it easier to budget that way. I intend to change or using my card more though given recent developments. Contactless has obviously made a massive difference to the speed of transactions, and also that most pubs have far more card readers than only a few years ago. No more walking to the other end of the bar to put your card in.
bad company said:
Henners said:
bad company said:
C70R said:
The guy who pushes a trolley of home-made brownies around our office (and other local offices) on a Friday can accept card payment (via an iZettle).
If he can factor this into his business model, the only excuse for other places not doing it I can see is to hide income from the taxman.
Why do they need an excuse to decline taking cards when it costs them money to do so?If he can factor this into his business model, the only excuse for other places not doing it I can see is to hide income from the taxman.
Good luck to your cake man but I don’t see why others should have to follow suit.
Many of my tradesmen still want cash. When I had a leaking roof a couple of years ago the roofers would only come out for cash. Didn’t leave me a lot of choice.
That's all.
Sounds like I'm in the minority here because my local Chinese and Indian both take cash or card if I want. Means I don't have to walk past them to go and get cash, I can just ring up, and walk 2 mins around the corner to pick it up.
But, I would miss cash. Its useful at other times and I'd bemoan it going
But, I would miss cash. Its useful at other times and I'd bemoan it going
Henners said:
They don’t need an excuse as such, but to deliberately exclude a growing customer base in favour of a declining one isn’t exactly a good medium to long term business plan.
I'm not excluding anybody, we take cards, BACS and cash. But given the choice, and if the customer can be swayed, it would be cash every time.
bad company said:
Henners said:
bad company said:
C70R said:
The guy who pushes a trolley of home-made brownies around our office (and other local offices) on a Friday can accept card payment (via an iZettle).
If he can factor this into his business model, the only excuse for other places not doing it I can see is to hide income from the taxman.
Why do they need an excuse to decline taking cards when it costs them money to do so?If he can factor this into his business model, the only excuse for other places not doing it I can see is to hide income from the taxman.
Good luck to your cake man but I don’t see why others should have to follow suit.
Many of my tradesmen still want cash. When I had a leaking roof a couple of years ago the roofers would only come out for cash. Didn’t leave me a lot of choice.
I would love to see his tax return, a mate of mine has another tradesman friend a who boasts about how much he makes and how little tax he pays.
I know someone who works for themself, earns pretty well yet gets all sorts of benefits as declared income after expenses etc etc is pretty low, so not only is HMRC being done out of tax revenue, the government provides money to make up the declared income to a living wage.
They wont be unique, there will be legions of folk paying little tax, getting the handouts yet spending day to day using untaxed cash income for stuff like groceries, fuel etc. It makes a huge difference.
If someone is earning 50k PAYE vs someone earning 50k self employed, handling cash and not fully declaring it, then getting benefits, then a £100 weekly shop will use twice as much of their disposable income. I try and think of it at a national level rather than getting annoyed at individuals or jealous that they get away with anything and perhaps make more money, it shouldn't be a case of if I cant do it nobody should get away with it, it should be that all people working or earning should make a proportionate contribution.
We do what we can to survive and be comfortable but cash becoming less prevalent may even the field a bit.
bad company said:
Henners said:
bad company said:
C70R said:
The guy who pushes a trolley of home-made brownies around our office (and other local offices) on a Friday can accept card payment (via an iZettle).
If he can factor this into his business model, the only excuse for other places not doing it I can see is to hide income from the taxman.
Why do they need an excuse to decline taking cards when it costs them money to do so?If he can factor this into his business model, the only excuse for other places not doing it I can see is to hide income from the taxman.
Good luck to your cake man but I don’t see why others should have to follow suit.
Many of my tradesmen still want cash. When I had a leaking roof a couple of years ago the roofers would only come out for cash. Didn’t leave me a lot of choice.
But how many places only take cash now compared to say 10 years ago... then think back to 20 years ago...
At some point people will be forced accept other than cash to stay in business.
When we requested quotes for our downstairs areas to be tiled and the associated bathrooms and plumbing my proviso was trades that would take card. No card acceptance, no job here.
Some were funny about it but I wanted high quantity work with a warranty and a receipt and got what I wanted.
Our local Chinese, Indian and fish and chip shop all take cards and even have their own e-commerce apps (in addition to the expected just eat)
I even pay our window cleaners on card
There isn’t anyone one I buy goods or services from that don’t take them
Some were funny about it but I wanted high quantity work with a warranty and a receipt and got what I wanted.
Our local Chinese, Indian and fish and chip shop all take cards and even have their own e-commerce apps (in addition to the expected just eat)
I even pay our window cleaners on card
There isn’t anyone one I buy goods or services from that don’t take them
alorotom said:
When we requested quotes for our downstairs areas to be tiled and the associated bathrooms and plumbing my proviso was trades that would take card. No card acceptance, no job here.
Some were funny about it but I wanted high quantity work with a warranty and a receipt and got what I wanted.
Our local Chinese, Indian and fish and chip shop all take cards and even have their own e-commerce apps (in addition to the expected just eat)
I even pay our window cleaners on card
There isn’t anyone one I buy goods or services from that don’t take them
You should spend more time on learning to write in correct English, rather than worrying about other peoples payment terms.Some were funny about it but I wanted high quantity work with a warranty and a receipt and got what I wanted.
Our local Chinese, Indian and fish and chip shop all take cards and even have their own e-commerce apps (in addition to the expected just eat)
I even pay our window cleaners on card
There isn’t anyone one I buy goods or services from that don’t take them
technodup said:
have an iZettle machine. Fees can easily be £40-50 or more on a single transaction, which is a bit of a sore one for running a card through a machine, and ultimately gets charged back to the customer.
Cash is king in my world. The only problem is you can't spend cash online, but I can live with that.
At a charge of 1.75% that's a huge takeaway! Circa £2500.00 I don't know anyone who routinely carries that about. And I would much rather get paid by card for the sake of that much cash.Cash is king in my world. The only problem is you can't spend cash online, but I can live with that.
Worldpay change a similar percentage and a monthly fee.
Budflicker said:
You should spend more time on learning to write in correct English, rather than worrying about other peoples payment terms.
Don't worry poppet, I'm sure you'll get laid one day! 
Or maybe you're just getting stressed about seeing your sex life on your bank statement if certain people stop taking cash?
king boom!
Gassing Station | The Lounge | Top of Page | What's New | My Stuff