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The Netherlands is almost entirely cashless now.

by dTal 4y ago

MichaelZuo 4y ago
Huh, I would have thought the Dutch would be especially keen for a right to pay in legal tender without middlemen...
nobody9999 4y ago
>The Netherlands is almost entirely cashless now. Not according to DeNederlandsche Bank[0]: "Consumers in the Netherlands can choose their preferred method of payment at most retailers. Although the use of cash at points of sale is declining, broad acceptance by retailers is also important – for example as a fall-back option in the event of POS terminal disruptions. The study, in which over 1,000 retailers participated, shows that cash is still the most widely accepted means of payment for point-of-sale transactions, at 97% (see Figure 1). Debit card payments are the next most popular payment method, with acceptance standing at 87%. There are substantial differences between individual sectors, however. Acceptance of cash and debit cards is the highest at petrol stations, large and small retailers, at >=98% and >=92%, respectively. It is the lowest in the entertainment sector, at 93% for cash and 80% for debit cards. A mere 3% of all retailers said they used a debit card-only policy, mostly for efficiency and security reasons." I'd also note that it was the non-acceptance of cash to which I was objecting, not the ability to use non-cash payment methods. Perhaps that's a difference that's too subtle, but I don't think so. [0] https://www.dnb.nl/en/general-news/2020/dutch-retailers-continue-to-accept-cash/ https://www.dnb.nl/en/general-news/2020/dutch-retailers-cont...
- dTal 4y ago
  I visited TU Delft a few years ago, having unfortunately lost my debit card a few days prior. It was only a single overnight stay, so I just took a few hundred Euros cash with me and hoped for the best. It was a nightmare. Cash was wildly impractical to use. The first hurdle was the inability to buy a bus pass from the machine at the airport with cash. Hell, you couldn't even buy a coffee from a vending machine. With every restaurant I had to check beforehand to see if they would accept cash - and the vast majority didn't. I survived, but I'm glad it was only a day. I don't care if the stats say only 3% of retailers are cashless - in Delft, at least, if all you have in your pocket is a wad of cash, you are a second class citizen and barely able to function in society. If you don't agree, I suggest you try the experiment yourself :)
  - nobody9999 4y ago
    >If you don't agree, I suggest you try the experiment yourself :) I'll take you at your word. I guess it sucks to be you. I don't agree or disagree. Rather, DeNederlandsche Bank disagrees with your assessment. Take it up with them, I have no skin in that game.

The Netherlands is almost entirely cashless now.

by dTal 4y ago

The Netherlands is almost entirely cashless now.

MichaelZuo 4y ago

Huh, I would have thought the Dutch would be especially keen for a right to pay in legal tender without middlemen...

nobody9999 4y ago

>The Netherlands is almost entirely cashless now. Not according to DeNederlandsche Bank[0]: "Consumers in the Netherlands can choose their preferred method of payment at most retailers. Although the use of cash at points of sale is declining, broad acceptance by retailers is also important – for example as a fall-back option in the event of POS terminal disruptions. The study, in which over 1,000 retailers participated, shows that cash is still the most widely accepted means of payment for point-of-sale transactions, at 97% (see Figure 1). Debit card payments are the next most popular payment method, with acceptance standing at 87%. There are substantial differences between individual sectors, however. Acceptance of cash and debit cards is the highest at petrol stations, large and small retailers, at >=98% and >=92%, respectively. It is the lowest in the entertainment sector, at 93% for cash and 80% for debit cards. A mere 3% of all retailers said they used a debit card-only policy, mostly for efficiency and security reasons." I'd also note that it was the non-acceptance of cash to which I was objecting, not the ability to use non-cash payment methods. Perhaps that's a difference that's too subtle, but I don't think so. [0] https://www.dnb.nl/en/general-news/2020/dutch-retailers-continue-to-accept-cash/ https://www.dnb.nl/en/general-news/2020/dutch-retailers-cont...

dTal 4y ago
I visited TU Delft a few years ago, having unfortunately lost my debit card a few days prior. It was only a single overnight stay, so I just took a few hundred Euros cash with me and hoped for the best. It was a nightmare. Cash was wildly impractical to use. The first hurdle was the inability to buy a bus pass from the machine at the airport with cash. Hell, you couldn't even buy a coffee from a vending machine. With every restaurant I had to check beforehand to see if they would accept cash - and the vast majority didn't. I survived, but I'm glad it was only a day. I don't care if the stats say only 3% of retailers are cashless - in Delft, at least, if all you have in your pocket is a wad of cash, you are a second class citizen and barely able to function in society. If you don't agree, I suggest you try the experiment yourself :)
- nobody9999 4y ago
  >If you don't agree, I suggest you try the experiment yourself :) I'll take you at your word. I guess it sucks to be you. I don't agree or disagree. Rather, DeNederlandsche Bank disagrees with your assessment. Take it up with them, I have no skin in that game.