Cashless Society?
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Well, the coins etc. are useful as are notes though as a rule I try and put as much expenditure on my debit/credit cards as possible, Even paying by way of 'apple pay' on my phone. I can get quite used to this and over the past few years tend to use less and less cash.
Haven't tried paying by bit coin yet! Where are the experts when you need them?
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How are some of the smaller sites such as CL's going to operate, as many are not now accepting cheques and are cash only?
There was a discussion on Radio 4 the other day about Sweden which is virtually a cashless society already, with most of the major banks no longer accepting hard cash, even from shops.
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As already listed in this thread there are lots of reasons that seemingly require cash however as we progress it will become easier and cheaper for companies and individuals to use electronic transfers. Many don't now because they see it as an extra inconvenience. Take Nellie's point about CL's. Their customers will become younger and I expect that generation won't accept cash/cheques only so they will be forced to change. Even 12 year old Joss has an Osper card which she likes people to load any Birthday/Christmas money onto so she can decide to use as she wants.
David
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I have found that an increasing number of 'small traders' are now preferring BACS as a means of payment. We do this with a few of the CLs we stay on regularly - it's always for a minimum of 7 nights and I do it whilst we are there, giving them time to check their bank accounts before we leave. Our coalman actually asked me to pay by BACS rather than give him a cheque because he gets the money virtually immediately, doesn't get charged by the banks for handling cheques and since we no longer have a bank in our small town, he avoids having to travel miles to pay it in.
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I received a worthwhile cheque from the tax-man the other day. It is the first physical cheque I have seen for many years. I now have to search for a paying-in book, and then make a journey to a bank to pay the thing in. Why could HMRC not ask me if I would prefer to have it payed into my bank directly??
(At least they do now call it a 'cheque' .....not that antiquated term 'a payable order'
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Slightly different thing........ Been to London today. Fare paid online and digital ticket downloaded to my phone. No paper involved.
I'm finding the number of folk who buy concert tickets online has increased rapidly over the last 2/3 years. People just download the ticket to their phone. The group of singers I direct are going to be producing a lot less printed tickets in future.
David
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Slightly different thing........ Been to London today. Fare paid online and digital ticket downloaded to my phone. No paper involved.
Not so long ago I read a book by an English academic who lived and worked in Italy about Italian railways. He recounts how Italian railways were trying to move with the times by allow online tickets downloaded to your phone. The only trouble was that hidden in the small print was the requirement to also have a paper printed copy of the ticket. Now that sounds like efficiency
David
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I use a mixture of cash, cheque, debit and credit cards. Now I've just had a lesson from my GS on how to use my new ( to me) phone to pay contactless.
On more occasions than I'd like to admit I get the two cards mixed up which causes much amusement when I try to get cash back with the credit card. It doesn't work😳😡
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I recall a time many years ago when I was part of a cashless society, as were many of my fellow students.
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