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Offline card payments should be possible no later than 1 July 2026

riksbank.se

141–150 of 581 posts

Re: Offline card payments should be possible no later than 1 July 2026

#141

Here in southern Europe on the other hand, cash is a crucial part of the tax evasion economy

That is partially why the banks/government in Sweden have been happy to phase it out. Companies also don't like dealing with cash because it requires extra accounting, security, and transportation. In the early 2000s there were about 50 cash transport robberies per year in Sweden, in 2018 there was 1.

Re: Offline card payments should be possible no later than 1 July 2026

#142
post #97

Earlier quoted context omitted.

I come from the UK where not accepting cash is only ok in hipster areas of London (or, was at the time). When I joined my gamedev studio I had colleagues asking me why I had cash, and many of them didn’t even recognise what it looked like (there was a switchover of the notes a year or two prior). There was an insinuation that I would use it for drugs. So, I suspect that the parent is right here.

Natives asking why someone has cash, and not even recognizing bank notes...? It sounds so absurd that I'm certain you're exaggerating wildly. If not, you've had an outlier experience during a limited window of time in the country. Just like the parent. This isn't really representative. Add.: another poster suggested that someone had a bit of a laugh with you by saying it, which is also entirely possible. Basic joke.

I'm in the UK and I have friends who will tell you hand on heart that they have never handled a £50 note. They know they exist but they haven't had one.

Re: Offline card payments should be possible no later than 1 July 2026

#143
post #5

Some context might be useful here. I spent some time living Sweden not too long ago and Swedes practically don't use cash. It's usually not said out loud, but cash is often considered to be dirty and criminal, to the point that most don't have any at all. Digital payments are very convenient and deeply integrated, so long as you have a local ID which allows you use the local payment system Swish etc. This worked nice…

> "It's usually not said out loud, but cash is often considered to be dirty and criminal ..." Are you sure this isn't impression you've gotten from isolated reactions involving a small number of individuals, perhaps just a single individual? I can't relate to the sentiment at all, having lived here for just over three decades and experiencing the popularity shift from cash to debit card. I can, in fact, not recall a…

I think it's a pretty common impression.

Tradespeople sometimes request cash payment or provide a good discount for cash payments (well above any fee they would be charged). I guess where you are no one considers this dubious (really???) but at least in discussions with family the feeling is that the request for cash only payment is dubious.

We also have a local retail establishment that is cash only. I think it's looked at dubiously.

I personally have experienced it. Someone wanted to split payment on something between cash and a check so they could report the value of the item was lower because it would save them taxes every year. Again, the use of cash was I think a bit dubious.

Note: Cash allows you to avoid all sorts of obligations (tax / family support / debt collection and garnishment etc etc), ineligiblity for banking (europe is pretty strict in some cases for example with folks with no legal status with banking) and is still used in things like the drug trade. Even if everyone around you considers large cash transactions reasonable that might be naivety or they may simply not have been exposed to larger cash transaction activity.

I do like and carry cash.

Re: Offline card payments should be possible no later than 1 July 2026

#144
post #91
post #18

Earlier quoted context omitted.

Exactly like that most likely, I am old enough to remember those machines where credit cards left their mark on the receipt, that is why their numbers are higher than the card. Here, https://en.m.wikipedia.org/wiki/Credit_card_imprinter

this is what first came to mind for me too. I'm in my 40s and still saw them used semi-frequently during my life. In ~2015 I actually paid using one in a taxi, that was the last time.

Heh, in 2014 I remember taking a taxi that only accepted card using an imprinter, which was unfortunate because I had just gotten a new card and the numbers weren't embossed. He had to drive me to a gas station to get cash from an ATM.

Re: Offline card payments should be possible no later than 1 July 2026

#145

Earlier quoted context omitted.

Are there people that like cheques? They are no longer a thing in New Zealand. It seems like something no-one would miss.

Are there people that like cheques? For no good reason, I keep a list of why I use checks (in the U.S.): - Charitable donations because charities maximize every penny, and electronic contributions eat into that - Paying the accountant - Good accountants make every penny count, and aren't interested in paying credit card overhead. - Tipping the paperboy at Christmas - Tipping the doorman at Christmas - Business licens…

I'm in Sweden and the only time I've ever come in contact with a check was when an American company sent me one as a refund.

Most of these reasons just sound like fee-issues to me. I use a debit card (or Swish) to pay for everything and there's never a cheaper payment option. The fact that checks somehow cost less to use than debit/credit cards sounds ridiculous tbh, especially with all the added handling that must go into dealing with them (it just seems so inefficient).

Re: Offline card payments should be possible no later than 1 July 2026

#146
post #93

Earlier quoted context omitted.

In Canada there's MyDoh, which is specifically a debit card you can give to kids including in that age range. One of the major Canadian banks runs this. Can only imagine that it's more advanced in Sweden.

That may be practical, but many kids I observe in my family etc like to collect the money and see it and are proud of their collection and about what they saved. That goes away with a card ... and I wonder how that impacts the "feeling" for it. Counting and making likes and plans about what to buy is a big part of learning to deal with it.

Like or not the world is a digital currency world for the most part these days. I want my kids to understand that those numbers on a computer screen have real world value. How many young adults get into trouble with their first credit card or debit card because the money isn't "real" to them? In the US it's quite a few.

Re: Offline card payments should be possible no later than 1 July 2026

#147
post #97

Earlier quoted context omitted.

I come from the UK where not accepting cash is only ok in hipster areas of London (or, was at the time). When I joined my gamedev studio I had colleagues asking me why I had cash, and many of them didn’t even recognise what it looked like (there was a switchover of the notes a year or two prior). There was an insinuation that I would use it for drugs. So, I suspect that the parent is right here.

Natives asking why someone has cash, and not even recognizing bank notes...? It sounds so absurd that I'm certain you're exaggerating wildly. If not, you've had an outlier experience during a limited window of time in the country. Just like the parent. This isn't really representative. Add.: another poster suggested that someone had a bit of a laugh with you by saying it, which is also entirely possible. Basic joke.

I am Swedish and have lived here all my life and I have no idea what the current banknotes look like. I have literally never used them. I remember what they used to look like 20 years ago, but I know they have changed since then.

Re: Offline card payments should be possible no later than 1 July 2026

#148
post #126

Earlier quoted context omitted.

> "It's usually not said out loud, but cash is often considered to be dirty and criminal ..." Are you sure this isn't impression you've gotten from isolated reactions involving a small number of individuals, perhaps just a single individual? I can't relate to the sentiment at all, having lived here for just over three decades and experiencing the popularity shift from cash to debit card. I can, in fact, not recall a…

I’d say he’s correct, people under 60 that uses cash are considered, if not criminal, at least suspicious, like they have something to hide. Or simply wackos. I haven’t used cash for the last 15 years or so. Except for when I had carpenters at home who wanted to get paid in cash (to avoid taxes, so called black money).

Yeah, that's kind of my default assumption as well. If someone is insisting on cash I'd assume it's for tax evasion purposes.

Re: Offline card payments should be possible no later than 1 July 2026

#149
post #126

Earlier quoted context omitted.

> "It's usually not said out loud, but cash is often considered to be dirty and criminal ..." Are you sure this isn't impression you've gotten from isolated reactions involving a small number of individuals, perhaps just a single individual? I can't relate to the sentiment at all, having lived here for just over three decades and experiencing the popularity shift from cash to debit card. I can, in fact, not recall a…

I’d say he’s correct, people under 60 that uses cash are considered, if not criminal, at least suspicious, like they have something to hide. Or simply wackos. I haven’t used cash for the last 15 years or so. Except for when I had carpenters at home who wanted to get paid in cash (to avoid taxes, so called black money).

>"people under 60 that uses cash are considered, if not criminal, at least suspicious, like they have something to hide. Or simply wackos."

I have barely used cash in 25 years. This doesn't mean anything at all. You're probably putting this solely in the context of using cash for significantly large purchases, e.g. higher 4 digit sum or above, or as in your example a craftsman who want to exempt it from his or her accounting. Nobody bats an eye at a person buying groceries, or some gadget for a couple of hundred, with cash.

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