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Sorry, are you actually suggesting that NOT using cash makes transactions cheaper or safer?pabenny wrote: ↑Tue Aug 03 2021 5:28pmI don't want cash.
Handling is costly for businesses (has to be counted, has to be kept securely, security risk when banking).
It's easy to steal. And easy for criminals to use untraceably.
Yes some people may it harder to do without cash. So let's put the effort into helping them rather than clinging on notes and coins.
Many banking apps ping transactions immediately and update your balance. Just as easy as having to count out cash. Easier even. Some apps will even analyse your spend for you.
There are certainly sources that say yes; although also others that dispute that. It's not always clear which costs are being considered or disregarded and studies are often many years old or published/funded by vested interests.
Absolutely.
You could always reload it and then spend it rather than lose the pennies. Or load to Paypal and transfer the balance to a partner or a second account if you have one. However the con if there is one is the charges they make when you reload it and at various other times of interaction with them.blythburgh wrote: ↑Wed Aug 04 2021 11:23amPre paid cards are a con. Put £10 on the card but if you end up with some pennies and nothing to spend it on then you lose those pennies.
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