Find it mildly funny that he’s talking about a 100 dollar bill, when I can see this guy is obviously in the UK.
He’s shopping in Marks & Spencers (clothes and food) and probably a Boots (Pharmacy, Health and Beauty).
To be fair, although the UK does have a £100 note, it’s rare to ever get one. Plus, people in shops get suspicious when you hand them even a £50 note.
I’ve started seeing more shops actually offer discounts for using cash. But just as many now take card only. I guess it depends how much time and money is needed with the additional admin that comes with it. Maybe 1.5% is a saving to the business.
Took me an hour in the evening to do the cash admin and banking when I worked in retail, for a 3-6k a day business years ago. I think my hour was cheaper than 1.5% of takings, but then card was usually faster at checkout, so maybe it does all balance out.
That’s interesting, here in Germany a 50€ note is very common, a 100€ note is not that common but people do use it from time to time, we also have a 200€ note that is definetly rare and then there even was a 500€ note which is basically extinct by now.
But we probably also use more cash here, I’ve never heard of a place here that doesn’t accept cash, only of places that don’t accept cards.
Find it mildly funny that he’s talking about a 100 dollar bill, when I can see this guy is obviously in the UK.
He’s shopping in Marks & Spencers (clothes and food) and probably a Boots (Pharmacy, Health and Beauty).
To be fair, although the UK does have a £100 note, it’s rare to ever get one. Plus, people in shops get suspicious when you hand them even a £50 note.
I’ve started seeing more shops actually offer discounts for using cash. But just as many now take card only. I guess it depends how much time and money is needed with the additional admin that comes with it. Maybe 1.5% is a saving to the business.
Took me an hour in the evening to do the cash admin and banking when I worked in retail, for a 3-6k a day business years ago. I think my hour was cheaper than 1.5% of takings, but then card was usually faster at checkout, so maybe it does all balance out.
That’s interesting, here in Germany a 50€ note is very common, a 100€ note is not that common but people do use it from time to time, we also have a 200€ note that is definetly rare and then there even was a 500€ note which is basically extinct by now.
But we probably also use more cash here, I’ve never heard of a place here that doesn’t accept cash, only of places that don’t accept cards.
Generally it’s the sole traders and some cafes that have gone cashless in the UK.
I hardly ever pay cash, but places that refuse to take it loose my business.