How much do you rely on cards for payment? - Page 2

ardeegee · 06-22-2010, 10:42 PM

I almost never have more than the change of a twenty in cash (which is used only for fast food joints.) Everything else is debit.

Sweetpea · 06-23-2010, 02:05 AM

Quote:

Originally Posted by alecE

Trend for me over the last few years has definitely been to (a) move away from cheques to card payments and (b) to increase card payments to the point where I will only use cash for small purchases < £5.00. If I have to, I'll get cash-back as well so's the total bill comes to more than the minimum spend. - Just checked, I've got a £10 note in my pocket + £5.00 in coins. The coins have been there for over a week, I got the note last Saturday 'just in case'. I see I have written three cheques in the last 12 months.

cheques... Those were those paper thingies, right? Those haven't been available here since 2000, as paying with PIN became the norm.

HarryT · 06-23-2010, 04:11 AM

Quote:

Originally Posted by Sweetpea

cheques... Those were those paper thingies, right? Those haven't been available here since 2000, as paying with PIN became the norm.

Shops stopped accepted cheques in the UK a few years ago, after "chip and pin" card terminals were introduced. Cheques are still used, though, for a few things like sending payments to other people through the post. I probably still write out half a dozen cheques a year for various things.

lene1949 · 06-23-2010, 04:21 AM

I have a Visa Debit Card, but I also have a budget...

The budgeted money for my household I take out in cash, and that has to last me for the budgeted period, which is two weeks... If it doesn't and I find something I can't live without, I use my Visa Card...

On the day I take out the cash I do most of my shopping, and really only have pocket money left... I don't want to have a lot of cash in my house.

GeoffC · 06-23-2010, 04:22 AM

For smaller traders cheques are often the only way, other than cash, for payment. My wife, for instance, is a tutor and payment is only viable with cash/cheque. It would be too costly to have a card terminal !
One advantage of cheques in this circumstance is that there is a paper-trail....

lene1949 · 06-23-2010, 04:51 AM

Quote:

Originally Posted by GeoffC

For smaller traders cheques are often the only way, other than cash, for payment. My wife, for instance, is a tutor and payment is only viable with cash/cheque. It would be too costly to have a card terminal !
One advantage of cheques in this circumstance is that there is a paper-trail....

I haven't used cheques for years.. Anywhere I need a trail, I use my Debit Card...

But I do understand your situation. Many years ago I taught young kids to play the recorder... I charged $5 per session, which was paid in cash.

GeoffC · 06-23-2010, 04:53 AM

Quote:

Originally Posted by lene1949

I haven't used cheques for years.. Anywhere I need a trail, I use my Debit Card...

But I do understand your situation. Many years ago I taught young kids to play the recorder... I charged $5 per session, which was paid in cash.

yes, that's the kind of situation, (though the amount is higher .... ). It'll also upset the 'oldies' and their giving cheques to grandkids etc.....

HarryT · 06-23-2010, 05:31 AM

The UK has set a date for the total abolition of cheques - I think it's 2017.

GeoffC · 06-23-2010, 05:34 AM

You mean the banks in the UK ?

nomesque · 06-23-2010, 06:34 AM

CHEQUE-BURNING CEREMONY!!!! W0000T!!!

kindlekitten · 06-23-2010, 06:59 AM

Quote:

Originally Posted by HarryT

The UK has set a date for the total abolition of cheques - I think it's 2017.

seriously? wow! even business to business?

what about large legitimate cash payments? like home purchases, vehicles and stuff? will there still be bank checks?

HarryT · 06-23-2010, 07:32 AM

Quote:

Originally Posted by GeoffC

You mean the banks in the UK ?

Yes - banks in the UK.

HarryT · 06-23-2010, 07:35 AM

Quote:

Originally Posted by kindlekitten

seriously? wow! even business to business?

what about large legitimate cash payments? like home purchases, vehicles and stuff? will there still be bank checks?

I don't know if it's just personal cheques, or everything. Yes, I too wonder how people will deal with large transactions; I don't know how cheques will be replaced for that kind of thing.

GeoffC · 06-23-2010, 08:27 AM

Presumably by the time we get to the deadline there will be alternatives, such as bank-to-bank direct transfers that actually work ....

Sweetpea · 06-23-2010, 09:31 AM

Quote:

Originally Posted by HarryT

I don't know if it's just personal cheques, or everything. Yes, I too wonder how people will deal with large transactions; I don't know how cheques will be replaced for that kind of thing.

They've been abolished for 10 years already here. All transfers are either by mobile pin (even larger amounts, but you need to notify your bank in advance for those), or by bank-to-bank money transfers, either by phone, or by use of electronic banking.

Quote:

what about large legitimate cash payments? like home purchases, vehicles and stuff? will there still be bank checks?

Home purchases are done with a notary. No physical money, in any form, changes hands. Only bankaccounts... When I bought my car, I made a phone call to my bank, and asked them to transfer the required money to the car owner.

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06-22-2010, 10:42 PM	#16
ardeegee Maratus speciosus butt Posts: 3,292 Karma: 1162698 Join Date: Sep 2009 Device: PRS-350	I almost never have more than the change of a twenty in cash (which is used only for fast food joints.) Everything else is debit.

06-23-2010, 04:21 AM	#19
lene1949 Wizard Posts: 1,952 Karma: 213930 Join Date: Oct 2009 Location: Middelfart, Denmark Device: Kindle paper white	I have a Visa Debit Card, but I also have a budget... The budgeted money for my household I take out in cash, and that has to last me for the budgeted period, which is two weeks... If it doesn't and I find something I can't live without, I use my Visa Card... On the day I take out the cash I do most of my shopping, and really only have pocket money left... I don't want to have a lot of cash in my house.

06-23-2010, 04:22 AM	#20
GeoffC Chocolate Grasshopper ... Posts: 27,599 Karma: 20821184 Join Date: Mar 2008 Location: Scotland Device: Muse HD , Cybook Gen3 , Pocketbook 302 (Black) , Nexus 10: wife has PW	For smaller traders cheques are often the only way, other than cash, for payment. My wife, for instance, is a tutor and payment is only viable with cash/cheque. It would be too costly to have a card terminal ! One advantage of cheques in this circumstance is that there is a paper-trail....

06-23-2010, 05:31 AM	#23
HarryT eBook Enthusiast Posts: 85,556 Karma: 93383099 Join Date: Nov 2006 Location: UK Device: Kindle Oasis 2, iPad Pro 10.5", iPhone 6	The UK has set a date for the total abolition of cheques - I think it's 2017.

06-23-2010, 05:34 AM	#24
GeoffC Chocolate Grasshopper ... Posts: 27,599 Karma: 20821184 Join Date: Mar 2008 Location: Scotland Device: Muse HD , Cybook Gen3 , Pocketbook 302 (Black) , Nexus 10: wife has PW	You mean the banks in the UK ?

06-23-2010, 06:34 AM	#25
nomesque Snooty Bestselling Author Posts: 1,485 Karma: 1000000 Join Date: Aug 2009 Location: Ipswich, QLD, Australia Device: PRS-650	CHEQUE-BURNING CEREMONY!!!! W0000T!!!

06-23-2010, 08:27 AM	#29
GeoffC Chocolate Grasshopper ... Posts: 27,599 Karma: 20821184 Join Date: Mar 2008 Location: Scotland Device: Muse HD , Cybook Gen3 , Pocketbook 302 (Black) , Nexus 10: wife has PW	Presumably by the time we get to the deadline there will be alternatives, such as bank-to-bank direct transfers that actually work ....

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