421–430 of 628 posts
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Until you run out of cash on hand or it gets lost or stolen....
If it does, you go to the bank and get more cash. If your card gets stolen however, you go to the bank, fill out a ton of forms, pay a fee for losing your card. Wait a few days for your new card to be delivered in the mail. And then, finally can you pay again. In the meanwhile, you are forced to pay with... cash! Which nobody accepts, because not having a debit card is socially unacceptable in our society.
Not sure which country you are talking about but the vast majority of people go to an ATM not the bank to get cash. You still need a debit card to get cash from an ATM.
I was really shocked when i experienced the same issue in the Netherlands. I went there for a conference and only had to go straight to Amsterdam central, to science park and to my hotel in almere central. I had to exit Amsterdam central station by scanning in the QR code of my paper ticket. The alarm at that station was ringing constantly because of all the foreign tourists who had no idea what to do. Outside I had…
Those are direct debit transactions which cannot be reversed unlike CC transactions. The advantage for shops is, that the costs are lower than for CCs. In general, Europe isn't used to paying ordinary everyday items with a credit card, which is why grocery shops simply don't accept them.
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> I'm genuinely curious, what would be the rationale or incentive for a private payment processor (in a competitive payments market) to reject a legitimate transaction? This happens all of the time to lots of people. The biggest example is probably legal porn transactions that get censored by all the major financial companies. If you want to get into political discrimination, we can bring up how wikileaks, which brok…
> It is not ok that a political organization, that did not break any laws, have had multiple payment processors collude together to censor their transactions. It seems that the 'not breaking any laws' part should preclude actions by law enforcement/government, but why shouldn't private companies be allowed to act on political motives? I get that there's a potential slippery slope here, but it's not obvious to me that…
The solution is to use anti monopoly laws to break them up.
I don't think that companies should be forced to do something. What I instead want is for there to be enough competition in the market, such that no matter how terrible your views, there exists at least 1 one who will work with you.
And if there isn't enough competition in a market, then that's a problem.
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> The same applied to every supermarket but one near my hotel. I've been able to pay everywhere I've been to in the Netherlands with a normal European debit card with chip + pin (Maestro I think)
I gave them my Visa and V-Pay card, and only one of the patrol stations took it. Everyone else willing to take my non Netherland card were places who would also take cash, like mcdonalds. There seemed to have been a certain kind of regional card which i did not have. edit: dont take me wrong, i should have looked up the local payment procedure before going there, I was just extremely surprised as this happened to me…
In NL maestro/v-pay cards are accepted 100% of the time, because those cards are issued by all banks there.
I'm a Norwegian who went to a Swedish music festival last summer. I couldn't pay for a lot of things there, since the booths only accepted Swish (the only relevant Swedish mobile payment solution, it's a de facto monopoly). I couldn't sign up and use Swish on my phone, since it only accepts Swedish bank accounts. I couldn't borrow money from my Swedish friends either, since they didn't have cash (and it mostly wasn't…
Atleast 99% of my payments in sweden are with a totally normal credit card, the rest with swish. I only use paper money to give to homeless people, can’t remember when I bought something with bills and coins. I think it’s great, I’m more worried about tax evasion than my government knowing what I buy. I’m more interested in my speech being free than my purchases, even though I can see the problem in non-functioning d…
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I fail to see how Sweden in this case is enforcing the cashless trends through surveillance or coercion.
The primary cited reason for the cashless trend is the security against money laundering. My government has done every policy and regulative action they can to guarantee that all money transaction is recorded and a bank liable if anything is not clean.
The store no longer has to go to the bank to get heaps of change
The store no longer has to take money to the bank
The store will have no money on premises so less of a target for robbery
The store will have no money on premises so no having to trust employees not to take some.
Nothing to account. Just read the total.
In almost every way, as long as there are enough customers it's a win for the store. Many customers love it too. Most of my western friends visiting Japan get annoyed they can't go cashless in Japan because they're used to being cashless where they are from.
I did run into my first no-cash accepted store here recently. It will be interesting to see how it goes in Japan as they are more privacy oriented.
I agree with all the issues of going cashless. It scares the crap out of me, especially when traveling. But, I can't see it not happening relatively quickly.
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Atleast 99% of my payments in sweden are with a totally normal credit card, the rest with swish. I only use paper money to give to homeless people, can’t remember when I bought something with bills and coins. I think it’s great, I’m more worried about tax evasion than my government knowing what I buy. I’m more interested in my speech being free than my purchases, even though I can see the problem in non-functioning d…
Not being snarky, but there are homeless people in Sweden? In the US we're regaled with tales of the Scandanavian social safety nets. We're told everyone is taken care of. That's not the case?
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Why can’t you load the same amount of money on your bracelet before the festival as the cash you would be carrying? If that’s because the festival organizers don’t let you retrieve your money easily or without a cost, that’s an issue with the festival management and not with the idea of digital money. I’ve been to a festival which allowed us to withdraw money freely (I think they had some restrictions such as only 1…
I think my problem with this comes down to ‘why the fuck are you bothering me with this?!’. We have perfectly valid working payment systems (cash, debit/credit), and for some reason you’ve decided that your festivals proprietary payment system is better? Have to load money, have to retrieve money, and have zero insight into how much I’ve already spent without even more apps or interfaces.
Even if some transactions have extra friction such as ID checks for age-restricted purchases, the less intrusive solution is color coded "dumb paper" wristbands.