physical cash isn’t really used in America either… I mean… I can’t even remember the last time I paid for something with cash or was handed cash. Almost everyone just pays with card (or phone tap, etc etc).
Yeah I had to think for a sec, why do I even have cash? Then I remember bars. Some bars are cash only even. And it’s just easier to pay and tip per round that way sometimes.
Edit: but that’s about it. For people who don’t go to bars, which is probably a good majority of people, I don’t know what they are using cash for. Possibly flea markets and garage sales. But that’s another niche group. Strip clubs, also niche. Drug deals, that’s probably not as niche as some might think. Though I’d guess about equal to the bar crowd in size? People with bad credit history and have problems getting bank accounts? Is cash only still a thing in order to accommodate these various niche use cases? I suppose so.
A lot of places around me have started passing on the fees for using a card to pay, so it costs less to pay with cash.
I strongly prefer that over cash subsidizing those card rewards programs, but it makes using the cards pretty pointless unless it’s for big purchases that tack on a flat fee rather than a percentage, since the rewards programs are usually so limited.
physical cash isn’t really used in America either… I mean… I can’t even remember the last time I paid for something with cash or was handed cash. Almost everyone just pays with card (or phone tap, etc etc).
Yeah I had to think for a sec, why do I even have cash? Then I remember bars. Some bars are cash only even. And it’s just easier to pay and tip per round that way sometimes.
Edit: but that’s about it. For people who don’t go to bars, which is probably a good majority of people, I don’t know what they are using cash for. Possibly flea markets and garage sales. But that’s another niche group. Strip clubs, also niche. Drug deals, that’s probably not as niche as some might think. Though I’d guess about equal to the bar crowd in size? People with bad credit history and have problems getting bank accounts? Is cash only still a thing in order to accommodate these various niche use cases? I suppose so.
Yes, but do you not always have some cash on hand, anyway? And btw, Marijuana dispensaries are pretty popular. Cash only, usually.
A lot of places around me have started passing on the fees for using a card to pay, so it costs less to pay with cash.
I strongly prefer that over cash subsidizing those card rewards programs, but it makes using the cards pretty pointless unless it’s for big purchases that tack on a flat fee rather than a percentage, since the rewards programs are usually so limited.
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