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I find it amusing that in the US its "cash back" when getting money out at a retailer using debit cards but here in Australia its "cash out."
by timeimp 4y ago
I find it amusing that in the US its "cash back" when getting money out at a retailer using debit cards but here in Australia its "cash out."
- solarmist 4y agoI'm American, and I still find it confusing because I use it so rarely.
- flemhans 4y agoIn Denmark, you'd say something like "Can I get 50 on top"? Or "on the amount", if you didn't want cash. This was many years back, I wonder if it's still possible.
- noisy_boy 4y agoIts "cash out" in most of South/Southeast Asia too.
- deleted 4y ago[deleted]
- simondotau 4y agoAlso an Aussie; first heard it called “cash back” while in London UK. Found it very confusing. Cash back from where?
- bigbluedots 4y agoAgree, "cash back" sounds like bonus money
- s0sa 4y ago“Cash back” from the amount they just charged your account?
- simondotau 4y agoThat would make sense if, per your reply, the question is posed after the money has been taken from my account. But that's not how it works.
- PeterisP 4y agoBecause unlike in an ATM withdrawal where you take money out from your bank, you just paid the merchant a bunch of money, and the merchant is giving some of that payment back to you as cash.
- simondotau 4y agoIn Australia, a retailer will only hand you cash if you pay using EFTPOS (analagous to debit in USA parlance, but is a domestic bank network) which has a very low fixed fee per transaction. That is, if the transaction is happening anyway, an additional "cash out" component has zero bank fees and thus zero cost to the retailer; it may even be desirable if it lowers their cost/risk involved with banking cash. [0] https://en.wikipedia.org/wiki/EFTPOS#Cash_out https://en.wikipedia.org/wiki/EFTPOS#Cash_out