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Australian businesses selling essential goods and services to be forced to accept cash payments (www.theguardian.com)
submitted 5 days ago by BrikoX@lemmy.zip to c/australia@aussie.zone
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Treasury confirms cheques will stay in circulation until 2029 but then cease to be accepted as legal tender

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[-] trk@aussie.zone -5 points 5 days ago

Cash is so gross though. All those grubby mitts all over it, plus being stored in super icky places like bras and grunderpants. Big fan of cashless if for no other reason than keeping bits of other people off me.

Actual other reasons:

  • More secure to use a locked device for payment than carry cash that becomes anonymous once its removed from your person
  • You cant lose digital money down the back of the couch, or drop it when getting your wallet out or whatever
  • Easier for businesses to keep a track and balance sales automatically when its all digital
  • Safer for staff rather than handling wads of cash, especially in places like service stations
  • Harder for dodgy folk to do dodgy deals with
[-] Railison@aussie.zone 3 points 5 days ago

Agree with the bit about it being easier to keep track of payments with electronic payment.

Cash does have a cost, though it’s less visible.

[-] trk@aussie.zone -1 points 5 days ago

Cash does have a cost

It's a pain in the butthole tbh.

From a checkout chump perspective it was probably 40 minutes of my day wasted dealing with the cash. Getting it dispensed, double counting it all, depositing in to the safe when you had too much, watching out for dodgy currency or those dickheads who try the quick "I give you a 5 and you round up the change to 10 and then I'll swap that for a 20 and then give you 30 so I get a 50" scam, dealing with damaged or defaced currency, recounting at end of day, getting reamed for being too far up or too far down in the count, having to sign forms to swear to god you hadn't knocked off a pineapple (or put too many pineapples in the drawer)...

Then you need a safe storage space for the cash, security to protect the cash, literally a whole industry built on transporting it around the place, keep enough cash on hand to provide change, keep enough to cover EFT withdrawals.

There's a lot of cost to handling cash. Also its gross. Did I mention its gross yet? Getting warm notes that were slightly sticky was disgusting.

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this post was submitted on 17 Nov 2024
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