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> Why go to the hassle of carrying loose change when you can swipe a card to make a purchase within seconds? - Because cash is anonymous, and card transaction

by kephra 12y ago

> Why go to the hassle of carrying loose change when you can swipe a card to make a purchase within seconds? - Because cash is anonymous, and card transaction violate my freedom. - Because credit card companies charge 2-4%. And therefore raise the prices for everyone. - Because only cash is legal tender. > A further benefit for us is that it will give us peace of mind as there will be less concern over having money stolen. I one steels my purse, I only lose the cash I have at hand. But if one steels my credit card, they can rob my complete bank account. Also credit cards are insecure by design, compared to EuroCheck cards. You do mot even to remember a 4 digit PIN to use them. The card number and expiration date is enough to rob me.

davidjgraph 12y ago
"Because credit card companies charge 2-4%. And therefore raise the prices for everyone." And you think those armoured vehicles that transport the cash away from the shops do it for free?
- roganartu 12y ago
  Many small businesses do not use these services due to that cost. I know many people who run small stores that casually walk a couple of thousand dollars to the bank after a good day. Hell, I used to work at a pub that had it's staff carry over $100k to the bank every Monday morning, though that amount is arguably grossly irresponsible both from a business perspective and with regards to staff safety.
nmrm 12y ago
> - Because credit card companies charge 2-4%. And therefore raise the prices for everyone. The author is the CEO of a payment processing company, so distracting from this is pretty much the exclusive reason the article even exists.
mark_l_watson 12y ago
I totally agree with you. I live in a small town and always use cash to save my local merchants the costs of credit card transactions. The privacy issues of using credit cards is of slightly less concern to me, but is still a valid issue.

by kephra 12y ago

davidjgraph 12y ago

"Because credit card companies charge 2-4%. And therefore raise the prices for everyone." And you think those armoured vehicles that transport the cash away from the shops do it for free?

roganartu 12y ago
Many small businesses do not use these services due to that cost. I know many people who run small stores that casually walk a couple of thousand dollars to the bank after a good day. Hell, I used to work at a pub that had it's staff carry over $100k to the bank every Monday morning, though that amount is arguably grossly irresponsible both from a business perspective and with regards to staff safety.

nmrm 12y ago

> - Because credit card companies charge 2-4%. And therefore raise the prices for everyone. The author is the CEO of a payment processing company, so distracting from this is pretty much the exclusive reason the article even exists.

mark_l_watson 12y ago

I totally agree with you. I live in a small town and always use cash to save my local merchants the costs of credit card transactions. The privacy issues of using credit cards is of slightly less concern to me, but is still a valid issue.