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Visa trying to force restaurants to eliminate cash

Discussion in 'BlackHat Lounge' started by waterworks, Jul 15, 2017.

  1. waterworks

    waterworks Registered Member

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    Sad how consumers are slowly but surely getting trapped into a world of no cash, everything you do is tracked, and subscription fees for absolutely everything.

    Now VISA is offering money to restaurants to move to cashless operations. I think this has way bigger implications for consumers than anyone would admit, and I wouldn't doubt other companies will follow suit and in other industries. I can see a future without walk-in banks in 30 years or less.

    http://www.nbcnews.com/business/con...offers-restaurants-10-000-go-cashless-n782276
     
  2. HallLiz

    HallLiz Regular Member

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    I saw the video. I talked to a guy I know who owns a store and he says he looses 10k-14 per month to fees to the credit/ debit card companies. So every asshole that uses credit/debit cards not only wastes my time, the cashier's time by swiping the card and entering a pin then entering it again cause their an idiot, but you take money out of local buisness pocket, which puts less money in the economy.

    Support your local biz owners and speed up the checkout process by paying cash.
     
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  3. IAmNotLegend

    IAmNotLegend Jr. VIP Jr. VIP

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    [​IMG]
     
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  4. HallLiz

    HallLiz Regular Member

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    No on likes a blue haired or hat backwards change counter.
    1. Pull cash bills out only NO CHANGE.
    2. Pay the cashier.
    3. Get change and leave.

    Waiting in line for change counters is money going to my local economy and not the credit card company. But like most people no one cares because they think its convenient. Not seeing the damage being done let alone even think about it for a min.

    @IAmNotLegend
     
    Last edited: Jul 15, 2017
  5. IAmNotLegend

    IAmNotLegend Jr. VIP Jr. VIP

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    Definitely, you can save the money that otherwise would go to credit card companies.

    Or like Indian government, a government owned organisation can launch it's payment processing services. This way money goes to government ( Although such bodies are non-profit organisation).

    Paying by cash has it's advantages. But cash money is how people hide their black money. I no longer care if government tracks all my transactions, since they do it to find anything suspicious that may endanger security. Ofcourse, they can have other purposes to do so, but they already have too much info of us already.
     
  6. bonerlicious

    bonerlicious BANNED BANNED

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    i don't carry cash
    problem? y?
     
  7. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    If I was Visa/MC I would do the same if the return was there.

    It's not about control it is about increasing revenue.
     
  8. jgeeked

    jgeeked Regular Member

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    Of course, VISA wants the no cash option, how do you think they make their money? the fees they make on transactions are crazy, less cash, more transaction fees :)

    Also, it won't work, at least not in smaller restaurants, for the obvious reason. One of my favorite restaurant's cash machines always seems to break every Friday-Sunday night, yet in the week it's always fixed ;)
     
  9. stallion45d

    stallion45d Regular Member

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    New World Order brings this. They want to control everything you do. Cash will disappear in less than 20 years. Tax evasion and terrorism financing will be excuses they will use to implement their "Big Brother" society .
     
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  10. HallLiz

    HallLiz Regular Member

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    I just said the problem, did you even read or are you trying to get your post count up? One more time..
    You pay w/ cash, store owner makes money.
    You pay w/credit, store owner makes less money.
    Less money store owner make, less money get taxed.
    Less money get taxed, less money go to schools (where people learn),
    roads( where people drive cars)
    Food programs
    Help for the homeless
    State parks can stay open unlike what's going on in NJ.. but keep paying with your cards because you "think" its not a problem
     
  11. Gogol

    Gogol Jr. VIP Jr. VIP

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    what's wrong wit that? They are yet another company trying to generate some revenue. I don't see anything unethical here. they are just offering some cash. How are they forcing?

    If you see a family pack of condoms for 50% off, would you interpret that as govt. trying to force people to not have kids?
     
  12. bonerlicious

    bonerlicious BANNED BANNED

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    post count don't go up in lounge
    y would I care if they are making money if they are offering me a convenience? you seem to be just bitching that they are making money and that's a stupid reason
    p sure the store is making money so don't worry your pretty little head have you seen the department stores these days? they are doing a-ok. they all even want to give me CCs so they can make even more
     
  13. toml3030

    toml3030 Elite Member

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    It's not going to happen in US because half the mom and pop restaurants only stay open because of skimming cash from sales and tips.
     
  14. HallLiz

    HallLiz Regular Member

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    I'm talking about small stores and restaurants. Do you even read or just post? I'm a biz owner my self and we all want cash not credit.
     
  15. HallLiz

    HallLiz Regular Member

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    @bonerlicious Kid think about this.
    10 stores pay visa 1.5 mill in fees that money could have went to my state and city taxes but its not. Its now going to visa instead if being paid in cash and being collected by the owner and being taxed.
     
  16. bonerlicious

    bonerlicious BANNED BANNED

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    the op just says "restaurants." Your original post doesn't say mom and pops. Maybe dementia is setting in?
    you mention that you know a restaurant owner who pays out $10-$14k in fees. You don't mention how much money he made by offering CCs as an option. Your argument is invalid.
     
  17. netmoney1

    netmoney1 Executive VIP

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    Can you blame them? Less cash transactions, more revenue for them.

    Just like restaurants charge $2.99 for a soda.

    ...and McDonald's draws you in with their 99 cent menu, but then you end up getting up-sold to a meal...then super-sizing it.

    EVERYTHING is about revenue in this world. The dollar controls every decision. The sooner you understand that, the better.
     
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  18. bonerlicious

    bonerlicious BANNED BANNED

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    lol who cares? You think people want to pay taxes to politicians rather than paying for a valid service? LOL
    Your whole argument is "these evil people are making money on a service." it's stupid
     
  19. blogzandstuff

    blogzandstuff Elite Member

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    I stood behind a moron yesterday who paid by card for a 50p paper, he took so long messing about I offered to pay for it
     
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  20. HallLiz

    HallLiz Regular Member

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    You've proved repeatedly how fucking stupid you are. I'm done.