121–130 of 222 posts
Being not from US I would like to understand why people would still use cash and coins in US.
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Not anymore since many got sued a few years ago for being inaccurate or simply costing too much to maintain. Your bank should provide coin sleeves for free, though rolling them manually can be a hassle. See here for more info: https://www.mybanktracker.com/news/coin-counting-machines-ba...
Banks can't take pre-rolled coins. They have to break them and recount.
Now when I'm dealing with a lot of cash transactions & the coins are piling up, I just keep them with me, and make sure to spend them when I can. Or I donate them to a charity box.
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Drug dealers are not 100% analog. The further up the chain you go, the more analog it gets though.
Wait, what? Are they taking credit card payments? Some in-person Bitcoin payment system?
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Many pay-to-use(coin or card) laundry rooms in apartment complexes are entirely contracted out to a third party company that handles everything; payment collection, machine leasing, service/repairs, etc. On the whole I think it's easier for them this way. https://www.wash.com/360-laundry-room-solution/ https://www.coinomatic.com/multi-housing-coin-laundry-soluti...
The small apartment building I live in is set up this way. I don't really mind, but I wish they would find a way to accept cards (credit and/or reloadable) rather than only coins because as it stands right now, I have to go to the bank and get $50 worth of "laundry tokens" (quarters) every few months, since I don't spend enough cash day-to-day to naturally collect enough change for the laundry.
Don't expect any help from the govt fixing this, it's a win/win from their perspective. No coins means more businesses forcing credit/debit use. More credit/debit use means it's harder to hide cash transactions and therefore means more tax revenue for the govt. As an added benefit, it creates permanent paper trails that can be utilized when convenient. I go out of my way to pay cash, now just need to make sure I brin…
Is this a uniquely US issue, and if so, why? Other countries have enacted similar lockdowns, wouldn't a coin shortage show up elsewhere given similar circumstances?
It's not unique to the US. Last month I was at a shop in Barcelona, Spain, and the shopkeeper told me she was glad I was paying with coins because they were running out of them.
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Not everyone. I personally have not touched cash in 15 years or so. I really haven’t had any need to. In all that time I haven’t had a single experience where card was not accepted.
Either you live in Scandinavia, or you aren’t sufficiently tipping coat check, valet, bellhops, delivery runners, et c. Cash is also essential for grease/bribes.
Don't expect any help from the govt fixing this, it's a win/win from their perspective. No coins means more businesses forcing credit/debit use. More credit/debit use means it's harder to hide cash transactions and therefore means more tax revenue for the govt. As an added benefit, it creates permanent paper trails that can be utilized when convenient. I go out of my way to pay cash, now just need to make sure I brin…
This argument always confuses me, as if "it makes it easier to not pay our taxes" is a legitimate argument for using cash
Don't expect any help from the govt fixing this, it's a win/win from their perspective. No coins means more businesses forcing credit/debit use. More credit/debit use means it's harder to hide cash transactions and therefore means more tax revenue for the govt. As an added benefit, it creates permanent paper trails that can be utilized when convenient. I go out of my way to pay cash, now just need to make sure I brin…