Lee Schierer
USNA '71
Go Navy!
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I carry almost no cash and the little that I do is for "emergency" use. I never have coins in my pocket...I either donate them other than quarters which get kept for Professor Dr. SMWBO to use for parking at the train station, although that's no longer a need. I use AMEX or VISA for pretty much all transactions.
That said, I do understand the concern.
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The most expensive tool is the one you buy "cheaply" and often...
Can't they just post the transaction for the exact amount directly from the brain implant they secreted into my body at my last medical, dental, pedicure, whatever, appointment? I foresee a re-emergence of the previously failed touch-less methods for retail transactions. Many locations have the tap-n-go or similar system in place. These are actually reasonably safe this time around IF you are the one using your card . . . Because no one is bothering to check.
It's good to know that the retailer is now not only NOT checking the ID of the person using my credit card, they don't even have to make eye contact. That's good. Now they won't be able to give a description should anyone try to follow up. I swear . . . . .. I'm not cynical or sarcastic . . . . . . reality is . . .
"A hen is only an egg's way of making another egg".
– Samuel Butler
"A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty."
- Sir Winston Churchill (1874-1965)
Wife still writes checks. Our credit union has a machine similar to a Coin Star that counts your change as you dump it in. Gives you a receipt that you take to teller for deposit, or bills and some coins back. NO FEES charged! Last week, lady was in feeding machine BUCKETS of coins that she and husband had been saving up to help with a luxuary vacation. She was up to over eight hundred dollars while I was there. She said she needed to make a couple more trips to their house for the rest of the coins. The MARTA in Atlanta, gives change back in "gold " dollars. Bring them back to NC, and every where you try to use one, they look at you like you should be on the most wanted list. For even more fun, try using a two dollar bill at McDonalds. Some of them will call the cops on you DAMHIK!
We quit taking cash at my work for two reasons
1) less to handle during covid
2) we were short staffed due to covid and the lady who does our daily till had to work from home.
You will not believe the amount of ... we have been subjected to over it. One guy had us custom make him a $80 item , then when we told him we're not during cash he said "this is a bunch of B.S ..." and then left the item. Which is now unsellable. (Yes we had signs posted (no cash)
I cannot Believe the amount of people who apparently don't own a debit or credit card. Or who are adamant about paying cash.
Last edited by John K Jordan; 07-29-2020 at 11:02 PM. Reason: language
The merchants normally get coins for change from the banks so sending it to the bank should also work.
The credit union I use will take rolled or loose change. They have a machine that counts loose coins then they deposit the total into your account. Thanks for the reminder - I forgot I have containers of rolled and loose coins in the safe.
Bought some food at MacDonalds this morning at the drive thru, only drive thrus open now in California. Bill was 14.09 total, then they asked for 14.00 even. Most people would probably have paid 15.00 and it costs them more then 0.09 to make change in employee time and lost sales. At 10.00$ an hour it costs them 0.16$ per minute to make change.
Bill D
No cash may work for the masses, you overlook many that for work for cash, that are ONLY paid in cash. Many of these people are paid daily because that may be the duration of that assignment; many are temporary workers that put food in selfish mouths, that are helpers to the construction organizations, those that work in landscaping/yard work. Barbers, hair stylists, farm workers, the guy that cuts/splits/delivers wood for your fireplace, the list is endless that work, but work to live - day to day ....
Many can't believe the amount that don't live in a cashless society, and they never will ...
I remember reading a statistic that said 12-15% of Americans are "unbanked".
This was me half a century ago. It was kind of fun going to the bank which my employer used and them saying they couldn't cash my check because of no account. My reply was to tell them my employer would be informed that his bank said his check wasn't any good. They cashed my checks.
My landlord let me know she didn't like being paid in cash. Shortly after that a checking account was opened.
jtk
"A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty."
- Sir Winston Churchill (1874-1965)