Madison wrote:So no, cash will still be used plenty in our lifetimes.
Why did you only quote part of my post? We're saying the same thing essentially, we're just (apparently) disagreeing on the degree to which cash will be used less.
knapplc wrote:Cash will never be 100% obsolete, but like checks, cash's use is being superseded by plastic more and more. Who knows what the eventual percentages will be, but use of cash in-system will continue to go down. We're 20 weeks into 2009, and I'll bet you I haven't had cash money in my wallet ten times this year.
I always quote what I'm addressing. It's neater and less confusing that way.
As to our disagreement, I simply think cash will continue to be used a lot more frequently than you do. No biggie really.
Madison wrote:Mostly though it's due to the inconvenience of not having cash because normal people don't have the ability to accept a credit card.
This will be fixed soon. As someone who works in the cc industry, I can tell you that very soon, most mobile phones will be able to install software that will allow them to act as a card-swiping station. Anyone will be able to accept a credit card payment anywhere.
For free? I know merchants pay a fee for every single credit card transaction (3%), so who's going to foot the bill for this?
Amazes me that some people out there don't realize that the expense of credit card transactions are passed off on the consumer. Had a lady in front of me in line last week and the credit card machine was going really slow to process the transaction. She griped at the cashier and of course the cashier apologized. Me being me I told the cashier there was no need to apologize, it should be the other way around. The other customer looked at me with this odd look on her face. I shrugged and pointed out that had she paid cash, she'd be in her car by now and the entire line of people wouldn't be waiting for her. Not to mention that the fee for processing her transaction raises the price on what everyone pays for their groceries, including me who is paying in cash. So she really should be the one apologizing to everyone in line instead of griping at the cashier. She just got a snooty look on her face, took her receipt since it had processed by now, and left. The cashier and the guy behind me in line all got a good laugh out of the whole thing.
Yes doctor, I am sick.
Sick of those who are spineless.
Sick of those who feel self-entitled.
Sick of those who are hypocrites.
Yes doctor, an army is forming.
Yes doctor, there will be a war.
Yes doctor, there will be blood.....