Do you regret the increasing difficulty of paying for something with cash?

@owlwings (42740)
Cambridge, England
October 30, 2006 4:59am CST
It seems that everywhere you go now (and especially online, of course) you need a bank account and a credit card. Many jobs simply can't pay you if you don't have a bank account and there are a number of places which give you very odd looks if you want to pay with cash! (Usually, of course, when buying expensive items!) Banks and credit cards, it seems, only want to make money out of handling our transactions for us.
6 people like this
11 responses
• United States
30 Oct 06
First off, of course banks and credit cards want to make money from handling customer transactions - that's why they are in the banking industry. The like money. It is THEIR job. I have no problem paying for items in cash in brick and mortar stores. Even expensive items. If people look at you funny, oh well. No doubt they are suspicious of your ability to pay in cash because they would never be so self-reliant as to be able to have that much cash on them. I don't know of any job that can't pay you without a bank account, unless it is a totally internet based position, and even then they can usually send you a check with a surcharge. You are always able to cash a check at the bank it was drawn on (although you may have to pay a fee). I prefer using an online bank acount for online purchases. It keepts commerce flowing smoothly without having to wait for mail.
@xbrendax (2667)
• United States
30 Oct 06
I am going through that stuff right now! I can't (verify) my account with Pay Pal cause I don't have a bank account nor a credit card, nor savings or checking accounts or even a debit card, and was wondering how I would be able to get my pay from Mylot! Then I found out Pay Pal would send me a check, minus $1.50 and it sounded good except now I discovered I need a credit card to (verify) my ADDRESS where my check would go! What the hell am I gonna do for Pete's sake???!!!!!! I'm getting a little tired of the BS!!!!! How am I gonna ever get my money from Mylot??? My money will be deposited in Pay Pal on the 15th of Nov. (according to Mylot), and I don't know how to get it out! I am at my wit's end!!!!!!!!
@owlwings (42740)
• Cambridge, England
30 Oct 06
Well, I agree that banks and credit cards have a right to make money but it seems that they have a stranglehold on us, there is no option but to pay some bank or other!
2 people like this
@owlwings (42740)
• Cambridge, England
30 Oct 06
I'm sorry to hear your plight, xbrendax, I hope you manage to sort it eventually! Pumpkinjam had the same problem, if you look below, so it's possible! Good luck!
2 people like this
@RieRie (820)
30 Oct 06
It's extremely annoying, I had a voucher for an online store which was enough for the item and the p&p but I still needed a credit/debit card to pay the outstanding nothing. I know someone who was forced to open a bank account just because she wouldn't get paid without one, but I suppose the majority are catered for and the minority are forced to change, even if they really don't want to.
4 people like this
@owlwings (42740)
• Cambridge, England
30 Oct 06
This is exactly what I mean! Why should the minority have to conform, simply because the banks have created a situation which draws money to them like a magnet!
4 people like this
@pumpkinjam (7522)
• United Kingdom
30 Oct 06
yes, up until very recently, cash was my only possibility. I only got a credit card within the last couple of months because there were so many things which I either couldn't do without one or which were easier with one. I wanted to verify my paypal account but I had to have a card for that so, after abouut 2 years of having an account I have finally been able to verify it! I have always been a believer in "if you can't sfford it, you don't have it" but then you do get the problem sometimes when you have no choice and have to borrow money because your bills are due before payday or whatever. I must admit that having a credit card has come in very handy but I still prefer to pay cash for things as much as possible.
3 people like this
• United Kingdom
30 Oct 06
Apart from the whole credit card thing, a few years ago, I had no bank account and had to set one up but because I was living with my parents, had no credit card, etc, it was almost impossible for me to even set up an account! Then when I eventually got a credit card, it was only after trying several places because I had never been in debt before so I had no credit rating. And it's not only the matter of payments and things. The most ridiculous thing to me is that for a lot of things, you are expected to have a home phone number, which I don't have. So, even though I got a credit card so I could verify my paypal account, I still had to go through a whole load of other stuff, waiting for the post, etc, etc, because they wanted a landline number!
2 people like this
• United Kingdom
30 Oct 06
I just thought of something else as well. Everywhere you go, people seem to expect you to pay with plastic but for some people, it's hard to get, the strangest thing being that it is easier to get a credit card than a debit card. How does that work? You can't get into debt with a debit card as you can with a credit card. I don't get it.
2 people like this
@sbeauty (5869)
• United States
30 Oct 06
I'd like to go back to the days where cash was the most acceptable way to pay for things. You're right. Sometimes today people look surprised when we say we want to pay in cash. I like having credit card and paypal purchases online, because I love shopping on line. I can find more different things online than wandering through store after store, and I don't have to go out in the weather and fight the traffic and the parking situation to do it. But when I go out, I plan to continue paying with cash just like I've always done. That is, until cash becomes obsolete!
3 people like this
@owlwings (42740)
• Cambridge, England
30 Oct 06
Cash Register
I prefer to pay with cash, really. With cheques and credit cards it's so easy to get carried away and end up spending more than you have (oh, never mind, you say, we'll catch up next month!) I agree that shopping online has advantages (I still like to see what I am buying in the shop, though!) I suppose, eventually, cash will become obsolete. We shall all just pay with our combined ID/Banking/Parking/Driving/SS Card - and woe betide you if you lose it! You might not even be able to breathe!
2 people like this
@meowi777 (270)
• Austria
30 Oct 06
Yes and most of them accept payment with credit cards, what if you don't have one? Same goes with paypal, some insitutions or company require a verified account and this makes things difficult either to withdraw or receive money.
@owlwings (42740)
• Cambridge, England
30 Oct 06
Increasingly, there is no alternative! Even if you persuade them to send you a cheque, you have to pay a charge to cash it! What would it be like if, every time you bought something with cash, the shop took a little of what you bought - one cookie out of the packet, or a slice out of the packet of bread - in order to 'pay for the transaction'
2 people like this
@srhelmer (7033)
• Beaver Dam, Wisconsin
30 Oct 06
I can't keep cash on me. Everytime I have it, it's gone within a couple of days. So, I need my debit card to get by.
2 people like this
@owlwings (42740)
• Cambridge, England
30 Oct 06
That is sad but at least you could do something about it (train yourself not to spend the cash!) It seems, however, that increasingly we have no option but to pay someone to look after our money for us!
2 people like this
@nannacroc (4049)
30 Oct 06
I try to pay cash whenever I can. Although I can understand the reasoning behind being paid straight into the bank, I find it frustrating as I either have to pay bus fare to the nearest bank or pay a charge on the local cash machines to have access to my own money. The best thing about paying with cash is that you can't accidentally go over the limit.
2 people like this
@ossie16d (11825)
• Australia
30 Oct 06
Banks are in business to make money firstly and they have a duty to their shareholders to do so. In Australia the greatest majority of employers have been paying wages/salaries by direct debit or by cheque for at least 15 years now. Most would pay by direct debit though and the reason for that is security reasons due to robberies etc. I was almost a victim of a holdup on payday but luckily someone tipped off the police so they caught the robbers before they got into the Pay Office. We were warned of course in case the police didn't get them in time and it was not a pleasant experience waiting to find out whether or not we would be safe. That is the same reason why lots of businesses would rather be paid by credit card or EFTPOS than in actual physical cash, i.e. the risk of robbery. I think we just have to accept that paying with cash for larger items is not the safest way to do business. Also if you personally are carrying a large amount of cash, you are at risk so it safer to pay by some other method.
@owlwings (42740)
• Cambridge, England
30 Oct 06
The point about security is a very valid one. It is much less risky and more efficient to pay by bank transfer than to have to handle thousands of pounds every week!
1 person likes this
• United States
17 May 11
Yes I do regret the increasing difficulty to paying for something with cash. Simply because the buy now and pay later is something that is becoming to convenient for many. Though I have never maxed out on any bank card, I find it easy to whip out the debit card and pay for my transactions. It is the debit card account fees which gets me to date. See if I only used my cash to buy milk and gasoline for my car, then later in the month I could actually have an extra $15 bucks in my purse and not in the hands of the bankers. Now that I have been stricken with not being a regular wage earner that $15 fee really hits home, because not easy to have earned it yet so easy to be forced to give'th. I also dislike that if I go to the grocery store and hand them a $100 dollar bill they look at me and say don't you have anything smaller. I wonder at the moment if my money is not good enough, and if I did wouldn't I have handed that to them? lol The other thought too is that they examine thoroughly the $20 dollar bill and taking a glimpse at me as if they could somehow read if I was a counterfeiter. While I understand the reasons for safety and all that my list can go on but actually I prefer to use my cash regardless of how the retailers feel. lol
@owlwings (42740)
• Cambridge, England
18 May 11
I am very surprised, HWG, that you are forced to pay $15 a month for having a debit card. Here, we do have Premium accounts where you pay an extra monthly fee but, for that, you get extra benefits, such as free travel insurance and other things which may well be worth having (if you need them). It's an option, though, and every bank has a 'free' current account ... free, so long as you stay in credit! You raise a very valid point about cash, though. It is much more easy to counterfeit it and I understand that $20 bills very often are. I was reading a discussion only yesterday where the person had presented a $100 bill for $20 of gas and was given three $20s in change which she only discovered later were counterfeit. It seems that the people who pass them knowingly are well aware that the police and the FBI couldn't care less and it's always the unsuspecting customer who loses out. If you report it, they simply take your counterfeit bills away and give you nothing in exchange!
1 person likes this
• United States
18 May 11
This reminded me of a few years ago where I came home after visiting my bank. I came home and gave my daughter $20 where she at the time was 16. She as customary went to a popular record store and made a purchase. Upon arriving home, she received a call she had to return to the store. I was not home when she received the call. The cashier was a very good friend of hers. She went back to the store to be approached by detectives and questioned like a criminal. She immediately called me and I immediately went to the store. After explaining that the $20 given to her by me was a $20 given to me by the bank. They dismissed us, in the interim my daughter was in a state of panic because she was made to feel like a counterfeiter. Turns out; about 8 weeks later we get a letter from the US treasury department, stating that the $20 was actually authentic but that it was an old bill. No apology, nothing and no $20 returned. How is that for a horrible experience for my child.
@owlwings (42740)
• Cambridge, England
18 Jun 11
That is absolutely appalling, HWG! Especially if they didn't refund the $20. I would create a big stink about that with my bank, my government representative, the local newspaper and anywhere else I could find to complain! Of course, it's probably too late now (you said this was a few years ago)
1 person likes this
18 Jun 11
I think that eventually "cash" will be phased out. It might not be for another couple of generations. But the powers that be will decide that it costs too much money to produce and is a far safer and more convenient method for us to all have a card of some description. I hope I never live to see that day.
@KrauseHome (36692)
• United States
18 Jun 11
Yes, it can be Frustrating when you see and find places that are like this. It even can be quite alarming as well. And even so many places these days continue to want to charge elaborate fees if you do not pay them via your Bank or in a check and it makes you wonder for sure. Sometimes I think life was a lot easier back in the day and think that we could all benefit if some things were still like that for sure.