Cashless society by 2020??

[Mister T]

Between 7.00AM and 9.00PM? Bit of an annoying caveat.

[gweidion]

Hi Daniel, I did type 8000, unless I need new glasses. LOL

Hmm, looks like I need glasses then.

    Mister T
    Between 7.00AM and 9.00PM? Bit of an annoying caveat.
 Do you shop outside those hours? That is what I call a dedicated shopper.

[Tanecoins]

Good on your government for making cash mandatory and the hours also stop the dodgy money launderer spending $50000 at a McDonalds at 2am.

NZ could do the same, except we have the same issue, cashless banks and retailrs declaring a war on cash. One salvo is the right wing government (And I am surprised as anything that helps the common people is totally Labour/Greens), has banned retailers from charging surcharges on credit card and paywave payments and retailers are not happy, threatening to increase prices etc. I deally a surcharge should be 0.5 - 1% for card fee, but some cheeky shops are charging 2 - 3% and then not telling you until the price shows up on the screen.

[Triggersmob]

Are we going to see buskers in the street with their own EFTPOS machine?

[gweidion]

We are supposed to be moving to ban fees of debit EFTPOS (it is already our money) and possibly credit card transaction fees. I certainly hope they do. It doesn't usually affect me cause I pay in cash nearly everywhere I can.
I want those scam ticket selling companies like Ticketek banned from adding on ridiculous fees. Just put them in the ticket prices ya pricks.

[Mister T]

Hi Daniel, I did type 8000, unless I need new glasses. LOL

Hmm, looks like I need glasses then.

    Mister T
    Between 7.00AM and 9.00PM? Bit of an annoying caveat.
 Do you shop outside those hours? That is what I call a dedicated shopper.

Not usually no but if I'm out at night for dinner or whatever, I'd still like the cash option then. If it was not obligated between 12.00AM and 6.00AM I think that's a bit more reasonable but ultimately I'd rather no restrictions.

[gweidion]

Not usually no but if I'm out at night for dinner or whatever, I'd still like the cash option then. If it was not obligated between 12.00AM and 6.00AM I think that's a bit more reasonable but ultimately I'd rather no restrictions.

If you are at a restaurant they are supposed to have a sign on clear display saying they don't accept cash. If they don't have a sign and you've eaten, they are still obligated to accept cash for a debt. 
If you are just playing the pokies they will want cash, unless your club has introduced one of those "play on card" only arrangements.

[Tanecoins]

I haven't played the pokies for over a year now, but when I was finishing up in Dec 24' and Jan 25', our main casino in Christchurch and most "pokie bars" here - had moved to a paper ticket system, where you could only insert low value notes into a machine and you got paid out in a ticket to the nearest $2 and any amount over was either gambled or you played it off (99% of the time, if you gambled, you lost). I can only imagine its much worse now.

NZ gambling is must stricter than Australia, we don't have footy, RSA and "Hellenic Clubs: with rooms of 100+ machines which you can win thousands on. Our pubs are limited to 18 machines and top prize is $500 with jackpots up to $1,000 and they police hard - yet the rooms are always full of mostly Maori, Islander, Old white pensioners, and Asian punters who are hardcore addicts. The poorer people get loud and bash the machines and get kicked out. Often some will beg for money when they run out and smoking happens a lot too. RSAs are limited to 9 machines and same with Workingmens clubs, which are nearly gone (With less than 200 Greeks in NZ, we don't have Hellenic or Italian clubs).

The days of coins in a casino died here in the 1990s. As for charities with eftpos terminals, reality now and even on my excursion train, they preferred eftpos to cash, despite the mobile machine breaking down due to remote locations, tunnels and the fact they have not rolled out sat nav or 5g here yet in every area.

[Triggersmob]

W.A. is stricter than the rest of Australia and NZ. 
Only place that you can gamble at is the casino, or a two-up game on ANZAC day.

[Tanecoins]

Sounds good, then again I have only been to Sydney and Melburne and not since 2013 - both were drowning in pokies.

[1887Sovereign]

I can't see the cashless society by 2020 (six years long gone by.
Real money will always remain as there isn't any alternative except bartering.
Imagine the Net or parts thereof being down due to any reason.How do you pay if there's no banking signal?
"Look Mate, will you take my watch for this takeaway meal, please?"

[gweidion]

Even fiat currency isn't great.
Look mate, will you take this wheelbarrow full of cash for a loaf of bread?
(See Germany early 1920s or Argentina)

[Tanecoins]

It may have not gone cashless, but its getting close, many places don't accept cash in NZ, mainly as cash is so worthless now. In 1967 $100 was 2 to 3 weeks wages for the average worker, now its 3 hours pay for a well off worker and even a beneficiary can earn it in 2 days.

$100 in 1967 had the buying power of $3,900 in today's money.

I think we have reached the nadir of cashlessness though, as we have grassroots cash usage groups and real blowback by people against the wave of cash bans and malls and shops removing bank ATMs that are free to use, with Allpoints and other generic brands that charge to take cash out ($2 or $3 per $100 and discounted if you join their club - more spying and marketing like loyalty clubs). Adding ATMs that charge fees is a clear act of trying to stop usage of physical cash over digital banking that is tracked.

A conservative party here wants to pass an act that makes cash handling mandatory in all retail outlets (A ban on no cash stores), and also force banks to open "Banking hubs" - collections of Smart ATMs that accept deposits and give out change as well as standard withdrawls and all 5 major banks represented, in towns where branches of a bank have been removed.

The war on cash is so absurd, that bank tellers don't even have cash now, the only way to get it is with ATMs.

[Triggersmob]

I must admit I don't use cash much. Mainly because I very rarely visit the shops anyway.
Weekly grocery shopping is done online and delivered. Petrol I pay for in the app.
Take away is also done in the app. Our local bank branch also closed.

[Tanecoins]

The funny version of the wheelbarrow story was the man who took his wages to a bakery to get some bread, he went inside to check the price and came out to see that he had been robbed!


The wheelbarrow was gone, however the thieves had taken the money out and stacked it neatly on the footpath!