There are some down sides though in that now banks know exactly what you are spending your money on and stores are now facing increasing terminal fees from these transactions ( in Australia anyway).
Just to be clear - we talk about 2nd biggest city in Switzerland and life in and around it.
Tax evasion, avoiding deal with chargebacks, and not having to pay merchant account fees. However, those fees are nearly zero for debit card accounts, and chargebacks are pretty much non existent with Chip + Pin (or Apple Pay or EMV), so I would most likely guess tax evasion. I've been to many restaurants that offer 10% discounts for cash payments, versus card, which works perfectly as they get a portion of the sale on the record for plausible deniability, and a portion off the record.
Granted: germany and france are a bit behind in this.
This country isn't what it used to be.
I mean, it's understandable that you don't want to be mailing banknotes to Google Play to get your copy of Despacito, but you can definitely buy credit with Google Play in cash (at least in Canada and the U.S.).
Amazon, Apple, and a handful of others are much the same.
This is often found in countries that don't have proper online payment infrastructures.
But for a common person, there are definitely uses:
* Tipping, when you don't want your server to have to report the tip as taxable income
* Buying/selling in places without reliable internet service
* Buying/selling illegal items
* Certain types of bars, etc. where it's logistically easier to use cash than handle a card + tipping on a receipt
* Training yourself to be more frugal by restricting yourself to cash for shopping / eating, where the shock factor of "look how much I'm spending!" is more visceral
* Giving to the visibly homeless
* Buying lemonade from kids
Also, I just like paying in cash sometimes. I'm hoping that the practical uses of it would create enough public outcry if banks/governments ever tried to phase it out.
>Tipping, when you don't want your server to have to report the tip as taxable income; Certain types of bars, etc. where it's logistically easier to use cash than handle a card + tipping on a receipt
The 1st option is clear tax evasion. Tipping is quite unpopular in Europe. When I tip I just leave a note after paying by card and that's that. Cards are immensely better when it comes to bars, restaurants, etc. (Actually they are better in almost any regard as losing them is rather fine, just get a new one from the bank)
>Buying/selling in places without reliable internet service
I can't think of a place w/o mobile internet, even mountain treks have decent internet.
I'm not sure where you are located, but in the US there are still quite many rural areas without cell service, even in the areas fairly close to major metropolitan areas. I can drive two hours from NYC and find entire towns that have no service.
I also just got back from a two week trip around the UK, where I expected better coverage but actually found I regularly had no cell service (on the biggest mobile carrier) in the countryside, including in the center of some villages.
Payment terminals have a tip $ or % option, which is more convenient than pen and paper which we often still see in the US.
Unless it's a low-end restaurant, most restaurants in Canadian big cities pay well. There are huge staff shortages and lots of turnover because it's an exhausting and difficult job.
re:Europe and Internet: Bavaria has pretty terrible service outside of towns.
True that. Last year I went on a trip through and there were times the internet was proper bad GPRS (edge), still enough for map navigation. However, I cant recall areas w/o any service at all. GPRS is enough for bank card services.
As someone mentioned - if you use a NA based phone, you might lack a full support in Europe for LTE
I went to a wedding in Ireland two years ago, and we didn't have a data connection for most of the weekend. We didn't even have a reliable _phone_ connection most of the time (Best Man forgot his cuff links, and it took three phones before we found someone with a signal, and even then that was patchy).
>I can't think of a place w/o mobile internet
There are dead zones all over the rural east coast. I can imagine other parts of the country are even worse.
So the argument is the cash existence is providing support for tax evasion?
Edit: To be clear, I am not against taxation as a concept. However I do have issue with the American tax code and the atrocities committed with its revenue, so I am not morally opposed to helping other members of the middle-class avoid paying taxes on all of their income.
That was rather funny, had a good laugh at that...
Willing to bet not all of that money is declared to Mr Tax Man.
There are already homeless people carrying QR codes to accept digital donations, I assume a lemonade stand could do something similar...
Any idea what service that is through? Do people that are donating need to download an app, or just go to website or...?
I've never come across this
If tax evasion were not incredibly common among the wealthy, and if fewer of our tax dollars were used to create war, subsidize big business, etc., I'd be less inclined to feel this way.
My personal opinion is that there will always be a need for physical analog money. The power goes out in Puerto Rico (hurricanes) and Manhattan (ConEdison) sometimes (just recapping the stories covered on NPR during my drive to work this morning).
That's very interesting. I wouldn't be surprised if the volume of physical cash is growing with a growing economy, but the fact that it's accelerating is unexpected. Do you have any links to learn more about this?
Is inflation speeding up, or are notes just retired more often?
Whether or not people's virtual cash valuation is going to continue to be represented by numbers on bits of paper and metal as opposed to numbers on computer databases seems like a yet more subtle idea to fail to fully grasp at the moment.
And in any case a map is a piece of safety equipment - you spec if for the worst case scenario.
But nowdays you get them coated in a plastic layer ... very nice, water proof and durable.
edit: or like the othe commenter mentioned, it is not a plastic layer and rather plastic itself called Tyvek or similar
NB When in Scottish mountains I take:
- An iPhone with offline OS maps
- An external battery for my iPhone and cable
- A paper OS map in a waterproof map case
- A printed A4 backup of an OS map in a plastic bag that I can give to others or to use if other maps become unusable (e.g. blown away - which has happened)
80% of the time I just use the iPhone - still have to use OS map and compass occasionally when things are particularly exciting.
And with each series of UK banknote in circulation for ~14 years, planning to put someone on a note in 4 series time is pretty forward-looking :)
Plus its only convenient because you had the payment method they accepted.
According to additional anecdotal evidence, no cash what so ever is their way of reducing the odds of a burglary. Within myriads of shops, one shop that doesn't offer cash payments is way less likely to be broken into.
One way to get around this would be to eat your candy bar or whatever in the store. Now they must take your cash, or accept not getting paid I guess.
That would be theft or criminal damage.
As an aside, I eat things at stores all the time. Grocery stores, convenience store, whatever. No one has ever said anything to me and no one cares.
Also I drink all the time at bars and pay at the end. The idea of “tab” is very very old, and it seems to work pretty well.
When I was a kid and my mom took me shoe shopping, I would always wear my shoes out of the store. Most other kids do the same things. And you pay at the end, not before!
Have you considered this is just some personal hang up you have and not representative of other people?
And you’re talking about common sense, but I don’t know where you live, but in America it’s very very common to eat in stores. Parents give their kid a candy bar and eat it. This happens all the time.
Honestly, what you’re saying sounds a little crazy.
And the idea of tabs doesn't apply to my comment since I excluded out situations where the customer's credibility is known by the store employees. I live in America, and while I haven't paid attention, I don't notice people using what they're buying before they have bought it.
The common sense is that what if someone comes into your store who can't afford to pay for what they have consumed? Do you think Walmart and Target and grocery stores can afford to make it official policy to let people consume before they buy and not suffer losses from people who toss the wrapper or empty bottle in an aisle somewhere? Or can't afford to pay?
It works if it's a small place and you trust everyone, but once you scale up, I don't see how it works.
Every person has many opportunities to steal pretty much all the time without consequence, and yet, they don't.
As far as I can tell stores have a policy they just don't tell the customers about.
Given the glacial rate of change in the direction that the actors involve favor that indicates, that's not really an argument for the cash will be gone in 50 years argument so much as one against it.