- Sep 10, 2010
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- 23,077
Visa trying to force restaurants to eliminate cash
- Thread starter waterworks
- Start date
bonerlicious
BANNED
- Apr 12, 2017
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Sometimes I do this so I can get cash back for free instead of using the machine that charges me. Why do you care how someone pays for their stuff? Extra 30 seconds to wait for someone who got there before you did isn't his concern.
Girl don't go away mad. Girl just go away.
blogzandstuff
Elite Member
- Jan 1, 2015
- 10,760
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Ok, no real drama. Calm down lol!
waterworks
Senior Member
- Sep 28, 2013
- 1,018
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I get that it's a business move purely to keep the shareholders happy and up that bottom line. For big companies, this is what all business decisions are ultimately based on.
For those that don't get it, I'm just saying, slowly but surely, the big companies are figuring out ways to monetize absolutely everything in our lives, even though as a society, we have zero need for most of these fee-based services. How much more convenience do we need? I can't wait for iphone 27.
The idea of offering up a money to restaurants seems like a stepping stone that might start a chain reaction of events. It won't be long before they try to hit every business in every industry. And true, they may not be able to convince/force all businesses to move to no-cash, but guaranteed the big companies like VISA are already having meetings now about how they might be able to convince politicians in cities to change business laws and policies to force no-cash business models in order to 'cut down on crime' or some political agenda bs.
For those that don't get it, I'm just saying, slowly but surely, the big companies are figuring out ways to monetize absolutely everything in our lives, even though as a society, we have zero need for most of these fee-based services. How much more convenience do we need? I can't wait for iphone 27.
The idea of offering up a money to restaurants seems like a stepping stone that might start a chain reaction of events. It won't be long before they try to hit every business in every industry. And true, they may not be able to convince/force all businesses to move to no-cash, but guaranteed the big companies like VISA are already having meetings now about how they might be able to convince politicians in cities to change business laws and policies to force no-cash business models in order to 'cut down on crime' or some political agenda bs.
bonerlicious
BANNED
- Apr 12, 2017
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Sephrata
Elite Member
- Mar 25, 2017
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I'm not sure about other countries, but handling cash can be as expensive as cards processing in the UK. It's not uncommon to have to pay 1% to deposit or withdraw cash from a business account.
You can process cards for a lot less than 1% these days.
bonerlicious
BANNED
- Apr 12, 2017
- 60
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In the US, if a restaurant only took cash, it would be the end of that business.
Cash only businesses here scream "audit me cuz I'm not paying my taxes." LOL
Also, using a card gives you a paper trail in case something goes wrong, which is another reason I like to use a card. Also the ability to dispute, not carrying around money, etc. I haven't carried cash since I was a teenager. I imagine it's teenagers who don't understand the money potential from taking CCs and as many CCs as you can as long as it's not too risky.
Don't know if it is still in effect. Visa tried to pressure Walmart Canada. The result was Walmart Canada stopped accepting Visa cards. Last I heard was that Visa cut the fees for Walmart Canada. Don't know if that is valid.
In the US, the government would love it, and have a fairly large effort, to attempt to go cashless. A cashless society allows the government, and others, to track you. It also allows the government to cut off your funds if the government wants to talk with you and you refuse, or if you are wanted for some minor crime. A cashless society would also save the government a very large amount of funds in not printing money.
In the US, the government would love it, and have a fairly large effort, to attempt to go cashless. A cashless society allows the government, and others, to track you. It also allows the government to cut off your funds if the government wants to talk with you and you refuse, or if you are wanted for some minor crime. A cashless society would also save the government a very large amount of funds in not printing money.
jackalope
Registered Member
- Jun 13, 2017
- 79
- 24
The people I know working in retail and in rental management have both told me lately that they're seeing MORE people pay with cash, not less. If it's a real trend I'd imagine Visa might be looking for ways to counter it, though I can't imagine it will be that successful.