Liberal Forum
Archive
‹
Political Chat Rooms
‹
No Holds Barred Political Forum
‹
Re: Say no to a cashless “society”
Re: Say no to a cashless “society”
By Funny Guy
17 Dec 2023 5:49 pm in No Holds Barred Political Forum
17 Dec 2023 5:49 pm
No longwinded explanations are needed here. Big banks want to eliminate cash. They want you using credit because they get a percentage.
17 Dec 2023 5:52 pm
But in case you want to delve into it. Here are organizations who want to take YOUR money.
Better Than Cash Alliance.
"Based at the United Nations, the Better Than Cash Alliance is a partnership of governments, companies, and international organizations that accelerates the transition from cash to responsible digital payments to advance the Sustainable Development Goals."
https://www.betterthancash.org
----------------------------
www.PWC.com
“We strive to advance equity.”
“Diversity, equity, and inclusion.”
“Social responsibility: Our commitment to the community
We’re striving to address equity and opportunity gaps in society.”
------------------------------
Discover Global Network
https://www.discover.com
https://insights.discoverglobalnetwork. ... evelopment
“Cashless Payments: Redefining Global Economic Opportunity & Promoting Sustainable Development Goals”
https://www.weforum.org/agenda/2020/01/ ... -payments/
“Benefits of a Cashless Society”
Better Than Cash Alliance.
"Based at the United Nations, the Better Than Cash Alliance is a partnership of governments, companies, and international organizations that accelerates the transition from cash to responsible digital payments to advance the Sustainable Development Goals."
https://www.betterthancash.org
----------------------------
www.PWC.com
“We strive to advance equity.”
“Diversity, equity, and inclusion.”
“Social responsibility: Our commitment to the community
We’re striving to address equity and opportunity gaps in society.”
------------------------------
Discover Global Network
https://www.discover.com
https://insights.discoverglobalnetwork. ... evelopment
“Cashless Payments: Redefining Global Economic Opportunity & Promoting Sustainable Development Goals”
https://www.weforum.org/agenda/2020/01/ ... -payments/
“Benefits of a Cashless Society”
17 Dec 2023 5:54 pm
Organizations against cashless
www.cashmatters.org
www.CATO.org
https://www.cashsupplyalliance.co.uk/
Call Out Cashless Businesses
ACLU
NAACP
www.cashmatters.org
www.CATO.org
https://www.cashsupplyalliance.co.uk/
Call Out Cashless Businesses
ACLU
NAACP
17 Dec 2023 6:41 pm
CarrieCash » 17 Dec 2023, 6:49 pm » wrote: ↑ No longwinded explanations are needed here. Big banks want to eliminate cash. They want you using credit because they get a percentage.
What percent do banks get when I use a credit card?
...
17 Dec 2023 6:43 pm
I was kinda wondering that myself.GeorgeWashington » 17 Dec 2023, 7:41 pm » wrote: ↑ What percent do banks get when I use a credit card?
17 Dec 2023 6:59 pm
GeorgeWashington » 17 Dec 2023, 7:41 pm » wrote: ↑ What percent do banks get when I use a credit card?
Depends on the card. Not all percentages are the same. Point is that they get a percentage.
Blackvegatble's hypcorisy summed up in one post:
[/size]
Blackvegetable » 7 minutes ago » wrote: ↑7 minutes ago
Very simple questions...
From which you are running...
Blackvegetable » 7 minutes ago » wrote: ↑7 minutes ago
Very simple questions...
From which you are running...
17 Dec 2023 7:06 pm
I always understood it to be a processing fee per transaction that was based on the amount of said transaction... charged back to the merchant.Vegas » 17 Dec 2023, 7:59 pm » wrote: ↑ Depends on the card. Not all percentages are the same. Point is that they get a percentage.
At one time the lower transactions were a flat fee, which is why some merchants had a "minimum" transaction amount if you were using a card because the transaction fee would end up costing the merchant more than they were making off the sale of it was too small.
It's basically another tax on the businesses.
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people
17 Dec 2023 7:08 pm
Alot of businesses in my area are going cash only.RedheadedStranger » 17 Dec 2023, 8:06 pm » wrote: ↑ I always understood it to be a processing fee per transaction that was based on the amount of said transaction... charged back to the merchant.
At one time the lower transactions were a flat fee, which is why some merchants had a "minimum" transaction amount if you were using a card because the transaction fee would end up costing the merchant more than they were making off the sale of it was too small.
It's basically another tax on the businesses.
17 Dec 2023 7:09 pm
Some merchants do have a five dollar minimum, but that is violating their contract. I would not, of course, ever turn them in.RedheadedStranger » 17 Dec 2023, 8:06 pm » wrote: ↑ I always understood it to be a processing fee per transaction that was based on the amount of said transaction... charged back to the merchant.
At one time the lower transactions were a flat fee, which is why some merchants had a "minimum" transaction amount if you were using a card because the transaction fee would end up costing the merchant more than they were making off the sale of it was too small.
It's basically another tax on the businesses.
None of this, so far, is a tax. At least in the sense of government tax. Businesses voluntarily enter into a contract.
The rub is if a country becomes "cashless." Then, the merchant has no choice.
17 Dec 2023 7:09 pm
RedheadedStranger » 17 Dec 2023, 8:06 pm » wrote: ↑ I always understood it to be a processing fee per transaction that was based on the amount of said transaction... charged back to the merchant.
At one time the lower transactions were a flat fee, which is why some merchants had a "minimum" transaction amount if you were using a card because the transaction fee would end up costing the merchant more than they were making off the sale of it was too small.
It's basically another tax on the businesses.
The OP is correct, in my opinion. The banks don't like cash. Banks can't take a percentage of cash. They are big enough to pull this off.
Blackvegatble's hypcorisy summed up in one post:
[/size]
Blackvegetable » 7 minutes ago » wrote: ↑7 minutes ago
Very simple questions...
From which you are running...
Blackvegetable » 7 minutes ago » wrote: ↑7 minutes ago
Very simple questions...
From which you are running...
17 Dec 2023 7:11 pm
Just look at how the threshold for SARs (suspicious activity reports) has lowered. It was 10k not too long ago. Last I checked it was 6k. It's probably lower now.Vegas » 17 Dec 2023, 8:09 pm » wrote: ↑ The OP is correct, in my opinion. The banks don't like cash. Banks can't take a percentage of cash. They are big enough to pull this off.
17 Dec 2023 7:14 pm
Did you ever see the movie Office Space?Vegas » 17 Dec 2023, 8:09 pm » wrote: ↑ The OP is correct, in my opinion. The banks don't like cash. Banks can't take a percentage of cash. They are big enough to pull this off.
It's like that
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people
17 Dec 2023 7:16 pm
17 Dec 2023 7:28 pm
A lot of businesses have surcharges, which they like to call "convenience" fees. Gas stations and restaurants are two that immediately come to mind.Bidencrimefamily » 17 Dec 2023, 8:16 pm » wrote: ↑ The bars I go to charge a 2.4% charge to use a credit card.
17 Dec 2023 8:37 pm
Vegas » 17 Dec 2023, 7:59 pm » wrote: ↑Depends on the card. Not all percentages are the same. Point is that they get a percentage.GeorgeWashington » 17 Dec 2023, 7:41 pm » wrote: ↑ What percent do banks get when I use a credit card?
The merchant’s bank pays my bank when I use a credit card.
My bank makes money off of me via interest if I don’t pay the balance in full.
...
17 Dec 2023 8:42 pm
It hasn’t been a violation of the contract for over a decadeCarrieCash » 17 Dec 2023, 8:09 pm » wrote: ↑Some merchants do have a five dollar minimum, but that is violating their contract.RedheadedStranger » 17 Dec 2023, 8:06 pm » wrote: ↑ I always understood it to be a processing fee per transaction that was based on the amount of said transaction... charged back to the merchant.
At one time the lower transactions were a flat fee, which is why some merchants had a "minimum" transaction amount if you were using a card because the transaction fee would end up costing the merchant more than they were making off the sale of it was too small.
It's basically another tax on the businesses.
...
17 Dec 2023 8:46 pm
A percent of a penny is still a piece.GeorgeWashington » 17 Dec 2023, 9:42 pm » wrote: ↑ It hasn’t been a violation of the contract for over a decade
That's all that matters in the end.
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people
17 Dec 2023 8:58 pm
But you are borrowing money to make a purchase that you couldn't afford at the time. Should that service be free?RedheadedStranger » 17 Dec 2023, 9:46 pm » wrote: ↑ A percent of a penny is still a piece.
That's all that matters in the end.
17 Dec 2023 9:08 pm
****, one of the merchants I frequent because they sell cool **** like Sorghum that is hard to find? They charge a dollar for cards, and they have a 20 dollar minimum purchase to let ya use it. More power to 'em, I say. Don't like it, don't shop there. Free country.CarrieCash » 17 Dec 2023, 8:09 pm » wrote: ↑ Some merchants do have a five dollar minimum, but that is violating their contract. I would not, of course, ever turn them in.
None of this, so far, is a tax. At least in the sense of government tax. Businesses voluntarily enter into a contract.
The rub is if a country becomes "cashless." Then, the merchant has no choice.
Me, I go to the bank window regularly for cash, always getting at least 15 ones, 8 fives and a couple of tens, for casual purchases about town. I support small local businesses as much as I can. I not only pay in cash, but I make sure not to hurt small business people's registers by purchasing small items with big bills.
When you complain, ur friends roll their eyes and ur enemies rejoice
"Because I SAY I am" is a todler's tantrum, not "science"
You cannot betray me - only yourself, to me.
Who cuts off your dick is not a friend
An opinion you won't defend is not your own
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
"Because I SAY I am" is a todler's tantrum, not "science"
You cannot betray me - only yourself, to me.
Who cuts off your dick is not a friend
An opinion you won't defend is not your own
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
17 Dec 2023 9:11 pm
RedheadedStranger » 17 Dec 2023, 8:14 pm » wrote: ↑ Did you ever see the movie Office Space?
It's like that
Superman 3.
Office Space characters even say that it's the same as in Superman 3.
Please seat yourself.
I like the very things you hate.
I like the very things you hate.
Who is online
In total there are 5116 users online :: 2 registered, 12 bots, and 5102 guests
Registered users: LowIQTrash, SouthernFried
Bots: LCC, MicroMessenger, YandexBot, GPTBot, DuckDuckBot, CriteoBot, curl/7, Mediapartners-Google, bingbot, Applebot, Googlebot, facebookexternalhit