I’ve noticed that businesses are up charging for credit cards, incentivizing the use of cash. Especially in these mean economic times. Could this be part of the plan to ween everyone off of using credit cards? Cash puts the power back into the hands of the people. Just a thought
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Cash is freedom. Credit cards are convenience. Digital currencies are control.
And the latter 2 more easily trackable/traceable.
the merchant account services are crazy greedy bastards nuff said
Using Credit and debt cards cost is 2-4% of the total transaction (fee) for the provider. Which means the buisness is giving up that percentage of the sale to accept your card. These days they are less willing to do that so the customer is now paying for the convenance of using cashless payout rather than the buisness.
Years back I had a retail store and remember paying 10's of thousands each year in fees. Such a scam. And on the other side they are charging the purchaser 18-24% interest on their card.
It will give me great joy to see these fuckers crumble.
I had a business before I retired. I considered credit card fees to be part of the overhead costs and were figured into the cost of services provided. Also gave a discount for cash payment up front, which I suppose is the opposite of charging extra for using the card. I didn't accept American Express though as their fees were exceptionally high compared to other credit cards.
Yeah this is not new, gun stores for example have been doing this for decades. All that you're seeing is fewer businesses being able to just eat the cost.
I started to use cash locally when Catherine Austin Fitts started Cash Fridays. It was then changed to Always Use Cash locally. It was inconvenient at first but I got in the habit of doing an ATM withdrawal weekly. There are local businesses that will give you 5 percent off if you use cash. At the end of the week, I would take any $50 that I had and put it in a pencil box. After about a year - I had $7000 in it.
That's some box! $50 * 52 = $2,600
What I found was that by doing that - I actually spent less because I liked putting the $50 in the box. I think when we use plastic, we really don't think about what we are spending.
What you're saying above is a major way that families and individuals reduce debt and spend less.
That's right. I know it works for me. I really do think about my spending when I use cash.
Dollar bills backed by silver and gold is the takedown of the elite. Relying on an internet connection for currency is suspect.
1/2 the country has no cash to begin with only living off credit cards at this point
Cashless self checkouts are trending up here in Nfld. They don't earn a penny from me.
Walmart started that where I shop and I complained. They now have some that will take cash. You need to make some noise.
The Aldi's in my neck of the woods is down to one register with a person manning it. The rest are self checkouts. I have told the various cashiers at that register, "The day you guys are all self checkout is the day I stop shopping at Aldi's." I figure if enough of us say it, word will get back to the people making those decisions.
You have to ask for the manager. Another thing you can do, is write to the CEO. We had a Dollar Store that started charging 2 cents for a plastic bag that they put your stuff in. Then they stopped. I asked the cashier why and they told me that a lot of people wrote to the main headquarters and made a big stink.
Could just be old-fashioned greed...
Paper money and debt cards are fiat (debt). Credit cards are double debt. Metals are good to retain wealth against inflation, but in case of social collapse, you might aswell be hoarding bottle caps, as what will likely be valuable will be booze, tobacco and ammo.
Sound currency as a translation of work is freedom.
Cash is still using debt based enslavement instrument. True freedom is real money: silver and gold.
Metal money is not a good thing for everyday use. Heavy physical use damages and eventually wears away the metal as it's used, decreasing its value by weight.
Ever seen heavily used gold and silver coins from the 1800s? It's not pretty.
From what I can see, the White Hats are encouraging us to ditch cash for silver... and they're kind of encouraging holding gold for long-term saving.
I don't see how holding the Federal Reserve's cash puts power in the hands of the people. Doesn't it just put more power in the Fed's hands? If we had constitutional money issued by the Treasury, be it paper, coin, or digital, that would be a positive change imo.
But if it's the digital variety, it would have to be backed by physical assets like precious metals, oil, real estate, thorium, etc. and actually I think that is largely what the White Hats' plan is.
As a small business owner that charges extra for credit card users -we are trying to keep our prices reasonable so we charge them.for the convenience rather than raise our prices for everyone. We only charge a small free to just cover the CC processing fees.
I’m a small business owner as well, friend. Cheers. I seem to recall that a little while ago the credit card companies would not allow businesses to pass the fee along to the consumers as a stipulation for allowing them access to the card to collect payments.
I “think” that was a credit card company rule. Some business got around that by instead offering a cash discount (vs. a CC surcharge). Apparently this has changed and lots of places are now doing surcharges.
I but more with cash nowadays but am not quite there yet. I do almost always tip in cash as I don’t want them to pay taxes on it.
Indeed. Always tip in cash when possible. No need to get the government involved
That may depend on state law. We have the fee posted and we also tell customer about fee prior to charging. My state and city Guvs do the same thing for CC payments for permits, licenses etc. So does my local utility companies. We just add the fee to their total, not list it as a separate item.
I just found out PNC has been taking $5/mo out of my savings account. Yep, closing it out. Cash is safer under my mattress than in a bank.
I got a notice from PNC that I was over the limit with transfers from my Money Market account (only allowed 6) and they charged me $3. I try to take most of my cash out and only leave a small amount in my savings now. The interest they provide is negligible, so I would rather have the cash on hand.
No it's the banks trying g to fleece you for more monet. They're almost broke.
I don't think it's that new or noteworthy. Many places have always given a discount for cash. Most notably gas stations.
Credit card companies charge businesses fees for processing credit card payments, so businesses pass along this cost to customers. And then use discounts for cash payments to attract more customers.
If this was part of the plan to ween people off credit cards, it's one slow acting plan, because it's been pretty common at least since I first learned to drive and started buying my own gas for the past 30 years.