Hard Cash Making A Comeback?

I heard something on the radio last night re using a mobile phone loaded with cards. To switch bluetooth off when going out as scammers are using a simple device to steal money by taking details from the phones

I always use my cc when paying for bigger purchases or online of course. Credit cards do offer protection as the transaction is between the seller and the cc company. There is no shop I wouldn`t trust in my village, hence cash as much as possible

Tha only shop I know that only takes cash is the fish and chip shop nearby. I pay my window cleaner cash but that’s the only time I use cash I pay for everything by card but via my mobile phone. I don’t carry cash or my cards very often at all just my phone.

We use cash in our village shops, it’s preferred by them, local pub and in the farm shop.

Germanshepherdsmum

I never pay for small purchases by card - by the time the card company has taken its cut it leaves the retailer with very little. And I always have cash on me for homeless people (though I rarely see them on the streets now I no longer work in London) and the Big Issue seller.

The Big Issue seller on Alcester Road on Saturday had a contactless machine!
It has to cut down on mugging and theft and as a former Thursday Group treasurer I used to hate counting and bagging up coinage and even notes to take to the bank. Now at our Arts Society meetings we encourage members to pay their annual membership and trips etc by BACS or contactless..
It is cheaper for the society than cheques too.

We use cash wherever and whenever possible.

Lots of small places here are preferring cash ,,

I pay for fuel by card and the weekly shop. We bought a new sofa at the weekend and paid for that by card as it was a couple of thousand quid.

Everything else I pay for in cash. Snacks out, window cleaner, post office transactions, beauty therapist, collection boxes, money for family kids, village shop odd bits, cinema etc and I like using cash.

There is also the counting, storage and transport of cash. Our local cafe has been robbed several times and no longer takes cash. It’s not a simple equation.

hmrc are using very powerful computers plus AI, nothing can be hidden if using a card. Where you are, what you spend, what you buy and AI is used to determine if you need to pay more tax. All this information to hmrc is just about instant.

I prefer to use cash, always have done and some of the local retailers have little notices asking people to pay cash for small value items

aggie the cafe owner will also incur charges when she pays the cash into her business account.

I never pay for small purchases by card - by the time the card company has taken its cut it leaves the retailer with very little. And I always have cash on me for homeless people (though I rarely see them on the streets now I no longer work in London) and the Big Issue seller.

I use a card when food shopping or paying restaurant bills, but have cash in the house and often use it because not everyone has cards and will struggle. For that reason I don’t want to see the end of cash, or cheques for that matter, call me a Luddite by all means but I am supporting those mostly very elderly who find this fast moving world hard to comprehend.

It is easier to manage your money with cash as you only have the amount withdrawn to spend. I'm glad that when I was a young mum I had an amount of cash to spend and knew there was no more when that had gone. It's easy to rack up big bills with cards.

The lack of spending would be a red flag Desdemona.

Our local cafe has reopened with a new owner , we are trying to support her , I use cash there as the card companies take some of her slender takings

Also, as being discussed on another thread, if technology breaks down, a bank card doesnt work.

Perhaps. Probably some people are worried about the government snooping on what they are spending their money on though, especially with the current plans to bring in laws to access bank accounts?

Two small shops in my nearest market town have only accepted cash for a long time. There is another way of looking at cash spending - some people deal only in cash as it is rarely traceable.