3 ms·

> - If you lose your wallet/purse, you've lost your money in it (with a CC you can cancel the card and dispute charges) If the government / bank decides to fre

> - If you lose your wallet/purse, you've lost your money in it (with a CC you can cancel the card and dispute charges) If the government / bank decides to freeze your assets, you could lose (temporary or permanently) everything. And there have been precedents in my country where the government abused this power. > - You have to carry around metal change, which is awkward/annoying at best. Yeah, well, you always have the option to donate / leave the change. It's a minor inconvenience. > - Transactions are a lot slower, since you and the cashier have to count/add multiple times. This is most painful when you're in a long line of folks all paying cash. Even with contactless card payments, I didn't notice much of a difference in time spent. Perhaps on large sums, which are very rare for me, but I can count a few pieces of paper fairly quicky.

craftyguy 8y ago
Good points. I don't think going completely cashless is the answer to all problems, I was just providing some counterpoints to the idea that there were "no downsides" to cash. > but I can count a few pieces of paper fairly quicky. You may be able to, but I guarantee there are millions (billions?) of folks who cannot count quickly and/or do the basic arithmetic necessary (quickly, or sadly at all in some cases) for a transaction.
- walshemj 8y ago
  You know tills do that now an have done that for say several decades.
reaperducer 8y ago
>Even with contactless card payments, I didn't notice much of a difference in time spent Lately it seems like cash is faster than using an electronic payment. At the pet store: - Insert loyalty card or enter ID number - Insert bank card - Wait for cashier to notice and push a button - Wait for cashier to finish ringing up items - Screen asks "Is $xxx.xx correct?" Push Y/N - Screen asks "Do you want cash back?" Push Y/N - Screen asks "Do you want to donate $1 to homeless pets?" Push Y/N - Screen prints "Enter an amount to donate to [insert local cause here]" Enter 0.00, push Y - Screen prints "You have xx loyalty points! Do you want to use them today?" Y/N - Screen prints "Is the total $xxx.xx correct?" Push Y/N - Authorizing... - Approved! - Wait for receipt to print. - Wait for separate machine to print habit-tracking coupons. - Take stuff and go. With cash: - Cashier rings up purchase. - Hand cashier money - Take change, stuff, and go.
- Bakary 8y ago
  Sounds primarily like a North American thing
- kalleboo 8y ago
  Why would you use a loyalty card with card payment and not cash payment? Paying with contactless in Europe: - Cashier rings up items - Tap your card on the screen - Approved - "No receipt please" (or some stores can automatically email your receipt)
  - reaperducer 8y ago
    >Why would you use a loyalty card with card payment and not cash payment? Because a big reason some people pay with cash is so that they can't be tabulated.
gruez 8y ago
>If the government / bank decides to freeze your assets, you could lose (temporary or permanently) everything. And there have been precedents in my country where the government abused this power. because of civil forfeiture in the US, that's probably a bigger problem with cash than with bank money.
icebraining 8y ago
If the government / bank decides to freeze your assets, you could lose (temporary or permanently) everything. And there have been precedents in my country where the government abused this power. If you're living from your salary like most people, it'll be frozen before you can withdraw it for cash. And keeping some savings in cash is not really related to whether you go cashless for daily life, so it's not really a counterargument.
- rootlocus 8y ago
  > And keeping some savings in cash is not really related to whether you go cashless for daily life, so it's not really a counterargument. It's related to a cashless society, not a cashless lifestyle.

craftyguy 8y ago

Good points. I don't think going completely cashless is the answer to all problems, I was just providing some counterpoints to the idea that there were "no downsides" to cash. > but I can count a few pieces of paper fairly quicky. You may be able to, but I guarantee there are millions (billions?) of folks who cannot count quickly and/or do the basic arithmetic necessary (quickly, or sadly at all in some cases) for a transaction.

walshemj 8y ago
You know tills do that now an have done that for say several decades.

reaperducer 8y ago

>Even with contactless card payments, I didn't notice much of a difference in time spent Lately it seems like cash is faster than using an electronic payment. At the pet store: - Insert loyalty card or enter ID number - Insert bank card - Wait for cashier to notice and push a button - Wait for cashier to finish ringing up items - Screen asks "Is $xxx.xx correct?" Push Y/N - Screen asks "Do you want cash back?" Push Y/N - Screen asks "Do you want to donate $1 to homeless pets?" Push Y/N - Screen prints "Enter an amount to donate to [insert local cause here]" Enter 0.00, push Y - Screen prints "You have xx loyalty points! Do you want to use them today?" Y/N - Screen prints "Is the total $xxx.xx correct?" Push Y/N - Authorizing... - Approved! - Wait for receipt to print. - Wait for separate machine to print habit-tracking coupons. - Take stuff and go. With cash: - Cashier rings up purchase. - Hand cashier money - Take change, stuff, and go.

Bakary 8y ago
Sounds primarily like a North American thing
kalleboo 8y ago
Why would you use a loyalty card with card payment and not cash payment? Paying with contactless in Europe: - Cashier rings up items - Tap your card on the screen - Approved - "No receipt please" (or some stores can automatically email your receipt)
- reaperducer 8y ago
  >Why would you use a loyalty card with card payment and not cash payment? Because a big reason some people pay with cash is so that they can't be tabulated.

gruez 8y ago

>If the government / bank decides to freeze your assets, you could lose (temporary or permanently) everything. And there have been precedents in my country where the government abused this power. because of civil forfeiture in the US, that's probably a bigger problem with cash than with bank money.

icebraining 8y ago

If the government / bank decides to freeze your assets, you could lose (temporary or permanently) everything. And there have been precedents in my country where the government abused this power. If you're living from your salary like most people, it'll be frozen before you can withdraw it for cash. And keeping some savings in cash is not really related to whether you go cashless for daily life, so it's not really a counterargument.

rootlocus 8y ago
> And keeping some savings in cash is not really related to whether you go cashless for daily life, so it's not really a counterargument. It's related to a cashless society, not a cashless lifestyle.