General > General Technical Chat
Cashless Australia
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james_s:
I think they want cashless because it's cheaper, easier and less error prone to handle. Taking cash and counting out change takes time, it requires a cashier that is paying attention (harder to achieve these days than it ought to be) and it is error prone. At the end of the day you have to count the till and either store the money away in a safe or take it to the bank. Digital money has none of that, it extracts the exact amount needed, there is no need for change. It does not rely on a human to count or handle it, the risk of petty theft is lower, it doesn't have to be stored in a safe and nobody has to physically take it to a bank. You also don't have to print it (significant expense) and it never wears out. There are a lot of reasons for businesses and government to prefer cash-less that don't involve any kind of ulterior motive.
MIS42N:
The only difference between cash and cashless is that cash is a transaction between two people, cashless is a transaction between at least three. It only takes two to see the physical handing over of a $50 note and agree that money has been transferred. If someone were smart enough to come up with an electronic version of this, then I would have no problem with going cashless. I don't want to pay a third party to move my money, and I don't like that every movement is recorded somewhere.

This thread reminded me that we paid the deposit on our first home in cash. The real estate agent thought it strange but had no problem taking the money. Maybe he thought we were drug dealers. I wonder what would happen if someone tried that today.
Oldtestgear:
A cashless society has the following advantages:
- all your money goes through a bank & can be tracked or traced.
- with interest rates of almost zero there is no incentive to keep money in a bank.
- many people (me included) find it difficult to keep track & so will spend more money than if cash is used.
- as there is no real money changing hands, the real cost is less obvious & can help increase prices.
- those nasty poor people who do not have access to a card or bank account can be ignored as they do not have enough income to worry about.
- it will be impossible to get a discount for cash

Seems to me that all these advantages benefit the banks & government but not the actual consumer. I used to live on cards when I was working as I was travelling all over the world. Today, happily retired, I definitely prefer to use cash & will not use a card for small payments like coffee or snacks.  Yes, I know that I am old & grumpy but am fed up with being told that I must conform to a norm that is of no practical benefit to me.

Thee are also many activities ( radio rallies, flea markets, etc.) that the small stall holders will be barred from in a cashless society. I do not plan to pay for a card reader just to do a couple of events a year.

FWIW

jonovid:

--- Quote from: Oldtestgear on March 10, 2021, 10:52:49 am ---A cashless society has the following advantages:
- all your money goes through a bank & can be tracked or traced.
- with interest rates of almost zero there is no incentive to keep money in a bank.
- many people (me included) find it difficult to keep track & so will spend more money than if cash is used.
- as there is no real money changing hands, the real cost is less obvious & can help increase prices.
- those nasty poor people who do not have access to a card or bank account can be ignored as they do not have enough income to worry about.
- it will be impossible to get a discount for cash

Seems to me that all these advantages benefit the banks & government but not the actual consumer. I used to live on cards when I was working as I was travelling all over the world. Today, happily retired, I definitely prefer to use cash & will not use a card for small payments like coffee or snacks.  Yes, I know that I am old & grumpy but am fed up with being told that I must conform to a norm that is of no practical benefit to me.

Thee are also many activities ( radio rallies, flea markets, etc.) that the small stall holders will be barred from in a cashless society. I do not plan to pay for a card reader just to do a couple of events a year.

FWIW



--- End quote ---
I do not plan to pay for a card reader ether! :o
 No more garage sales, church fetes  or trash and treasure.
were we get odd bits of cheap used electronics!  :'(
tszaboo:

--- Quote from: Oldtestgear on March 10, 2021, 10:52:49 am ---Thee are also many activities ( radio rallies, flea markets, etc.) that the small stall holders will be barred from in a cashless society. I do not plan to pay for a card reader just to do a couple of events a year.

--- End quote ---
It literally takes 10 seconds to setup a transfer between accounts with a QR code.
You set the amount your phone shows the QR code, they read it, click accept done. You might need to place your finger on the fingerprint reader once.

It is faster than counting coins.
Of course you might be the person that uses a Nokia 3310, or find another way of argue about this if you really want to.
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