Gransnet forums

Chat

Will yesterday's fiasco make supermarkets change their cards only policy?

(54 Posts)
mum2three Sun 02-Feb-25 10:18:24

Yesterday, Barclays Bank had an IT breakdown and no customers had access to money. People in supermarkets were unable to pay for their groceries. If all those customers then went to another grocery store to buy what they needed, I wonder how much money the supermarkets lost.
Will this put an end to the intention to abolish cash?

mae13 Tue 04-Feb-25 18:25:26

Hymnbook

I shall change my bank if Barclays buy Santander.
I've been with Santander since 1979
When we had our butchers shop Barclays did not treat us well they'd weren't helpful at all.

I started an account in 1971 with the Leicester Building Society which became The Alliance and Leicester and eventually got taken over by Santander. If Barclays makes a bid for it then I'm off to another bank. And not NatWest either: it has an even shittier reputation than Barclays.

The bigger the better? Quite the opposite.

Barleyfields Tue 04-Feb-25 18:44:58

I have no idea why you would do that, but in well over 50 years Barclays has served me, and also my husband, very well. We have absolutely no complaints. Beware the knee jerk reaction. You may live to regret it.

Eloethan Tue 04-Feb-25 23:04:50

I think all businesses should be told they must take cash or cards.

Sometimes they demand card only, other times cash only. Cash may be preferred by small businesses because the payment takes a little time to process, and there is a fee payable by the business on every transaction. Card may be preferred for security reasons - particularly if there are substantial amounts of money involved - no need to risk carrying large amounts of cash to the bank. Or, on a more cynical note, businesses may demand cash only, to avoid paying the full amount of tax due.

If all businesses start switching to card only, then they won't care if there are breakdowns with the system because customers still have to buy things but they will just have to wait because they will have no other choice. A bit worrying really.