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Cash payments above €3000 to be outlawed in Netherlands

rijksoverheid.nl

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Re: Cash payments above €3000 to be outlawed in Netherlands

#471

Post by herbst »

throwaway2037 wrote: post #166
SileNce5k wrote: post #88

Earlier quoted context omitted.

Nice to see that there's no limit where I live which is Norway. Hopefully, there are no plans to introduce one.

I am confused by your post. What are some good reasons to allow cash payments above 3000 EUR?

I just recently bought a car for around 4000€ in cash. I even went to a ATM to withdraw money first.

Cash is, after all, the only instant and feeless transaction method. Why would I want to pay % fee or wait up to several days for a transaction like that?

Imagine I bought the car on Friday afternoon. The seller would get the money earliest on Monday. Why would the seller simply trust me? So how would I buy a car on a Friday afternoon otherwise?

Re: Cash payments above €3000 to be outlawed in Netherlands

#472

Post by Aaargh20318 »

dijit wrote: post #281
throwaway2037 wrote: post #166

Earlier quoted context omitted.

I am confused by your post. What are some good reasons to allow cash payments above 3000 EUR?

You'll be downvoted, but to answer this question with all honesty: 1) Disallowing a third-party in every single transaction you make, especially as 1a) Inflation means 3k now might be quite low in 20 years 1b) Banks themselves have been shown to be scummy 1c) Banks are a rare institution to allow outsiders into. 2) Bank accounts themselves are not actually all that accessible; it's quite common for people to be ineli…

> Bank accounts themselves are not actually all that accessible; it's quite common for people to be ineligible for a bank account under random (but common) circumstances.

Not in the Netherlands. Any adult (18 or older) resident of the EU has the right to a bank account, by law.

> an interesting loop you can get into is that you need to pay a utility bill in order to get a bank account, yet you can't pay a utility bill without a bank account.

Why would you need to pay a utility bill to get a bank account? Those two things are completely unrelated. All you need is a valid ID (either ID card, passport or drivers license) and you are required to have that anyway.

Re: Cash payments above €3000 to be outlawed in Netherlands

#473

Post by piuantiderp »

macinjosh wrote: post #384
elric wrote: post #346

Earlier quoted context omitted.

> This is targeted at law abiding smallholding farmers where roadside transactions are often done in cash Where (in NL) do you find farmers who routinely need to accept >3k in cash and are (somehow?) unable to accept electronic payments? Pretty much everyone everywhere can accept at least one form of electronic payments. That's a legal requirement for any business in Belgium, and I can't imagine the Dutch being that…

Why does the NL want to kick down at the farmers so badly? Don't they know where real food comes from?

Only way to reduce the population. Restrict the food supply

Re: Cash payments above €3000 to be outlawed in Netherlands

#474

Post by willio58 »

calini wrote: post #43

I'm very much a fan of choice here. I haven't personally used cash more than twice in the last 3 years, I love the convenience of Apple/Google Pay, but cash clearly still needs to exist

Cash is weird because in theory it's a simple way to conduct a purchase but increasingly the coins become lost in the mix. I'm in the U.S., if someone hands me a few pennies/dimes as change they have effectively given me metallic trash for me to hold. I have a digital bank, so no way to deposit coins. I'm not going to carry coins around with me like I do whole bills. I'm essentially left with the option of taking them to a "coinstar" machine which will give me just a portion of what they are worth and to make that worth it I have to save up all my coins for multiple years since I get so few of them.

Re: Cash payments above €3000 to be outlawed in Netherlands

#475

Post by ffhhttt »

cpursley wrote: post #461
ffhhttt wrote: post #397

Earlier quoted context omitted.

I’m pretty sure the 3000 limit is not at all a huge issue in any of those cases pretty much anywhere in Europe and bank transfers are also cheap and instant. Not that I agree with this ban. I really don’t but focusing on farmers specifically is very strange when farming is so heavily commercialized, especially in the Netherlands.

Farming is under attack all throughout the EU, especially the Netherlands.

How?

Also, again, how is this specifically harming farmers more than anyone else?

Re: Cash payments above €3000 to be outlawed in Netherlands

#476

Post by valdiorn »

motohagiography wrote: post #314
ilyt wrote: post #231

Earlier quoted context omitted.

> They can't control the black market in drugs, what makes them think controlling a black market in cash, which is a million times more desirable, will be any more successful? Well, for one, they control cash production > It's not a lot of money, and given inflation, diminishingly so. This is targeted at law abiding smallholding farmers where roadside transactions are often done in cash and farmers everywhere have a…

- paying a team of day labour workers - hay / feed delivery - combine/equipment rental - equipment resale - livestock - farm vehicle sales / repair It's probably fine, and I hear you can eat bugs.

If someone is paying for farm equipment, vehicles or livestock with tens of thousands in cash, you can absolutely be certain something very, very dodgy is going on. At the very least someone is doing some serious tax evasion.

So sounds like exactly the kind of transaction this law is supposed to block. working as intended.

Re: Cash payments above €3000 to be outlawed in Netherlands

#477

Post by NorwegianDude »

dijit wrote: post #281
throwaway2037 wrote: post #166

Earlier quoted context omitted.

I am confused by your post. What are some good reasons to allow cash payments above 3000 EUR?

You'll be downvoted, but to answer this question with all honesty: 1) Disallowing a third-party in every single transaction you make, especially as 1a) Inflation means 3k now might be quite low in 20 years 1b) Banks themselves have been shown to be scummy 1c) Banks are a rare institution to allow outsiders into. 2) Bank accounts themselves are not actually all that accessible; it's quite common for people to be ineli…

> Bank accounts themselves are not actually all that accessible

If you have a way to prove your ID(which basically everyone do in Norway) then bank accounts are very accessible and free. I don't know how many banks I have accounts at, but it's more than 15, and all you need is your ID and a couple of minutes to create an account.

Re: Cash payments above €3000 to be outlawed in Netherlands

#478

Post by jurynulifcation »

intotheabyss wrote: post #192
dsr_ wrote: post #154

Earlier quoted context omitted.

Or you could just carry the credit card and pay at the end of the month, skipping the business with 'stablecoins'.

The entire thread is about people not being able to go across borders with x amount of cash without declaring it. I could walk across a border with 100k in stablecoins and never declare it, and then have immediate access to those funds like I would cash. My point is to show the absurdity of these kinds of laws.

You could also just carry a bank card across borders and withdraw cash when you land, no need to play around with known scams :)

Re: Cash payments above €3000 to be outlawed in Netherlands

#479

Post by cinntaile »

ilyt wrote: post #231
motohagiography wrote: post #127

They can't control the black market in drugs, what makes them think controlling a black market in cash , which is a million times more desirable, will be any more successful? There's the small matter of millions of undocumented migrants entering Europe who will be trapped in this now-illegal-cash underclass, and these financial oppression laws just incentivise and create criminal networks to facilitate basic economy.…

> They can't control the black market in drugs, what makes them think controlling a black market in cash, which is a million times more desirable, will be any more successful? Well, for one, they control cash production > It's not a lot of money, and given inflation, diminishingly so. This is targeted at law abiding smallholding farmers where roadside transactions are often done in cash and farmers everywhere have a…

> Well, for one, they control cash production

They have the euro as do most countries in the EU so they don't control cash production.

Re: Cash payments above €3000 to be outlawed in Netherlands

#480

Post by frumper »

ffhhttt wrote: post #443
gunapologist99 wrote: post #429

Earlier quoted context omitted.

No need to curse to make your point, especially since this is a burgeoning area of both criminal and civil law in western countries. https://en.wikipedia.org/wiki/Asset_forfeiture#European_Unio...

So you need to be convicted by a court and the government needs to be able prove the money was obtained from illegal sources? How is that unreasonable and more importantly what does it have to do with the €3000 limit discussed in this thread?

Similar laws in the US have readily morphed into we're going to hold it until you prove it's not from illegal sources. Googling it will provide many examples.
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