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I gave my neighbor $20 for some beer he picked up for me. He laughed and said “Next time use Venmo, I don’t know what to do with cash anymore.”
Quote:
Originally Posted by Philip T
I usually offer small businesses "Paper or Plastic?"
Small folks usually prefer Cash.
Using the VISA systems generally costs merchants at least 1% up to 3 or 4%.
So small businesses seem to prefer Cash.
We have a small business that does a high volume of low dollar transactions. We avoided accepting credit cards for a long time, but eventually Square made it too easy. We’re switching over to Toast now for lower fees, but it has been a plus to accept plastic. Our customers prefer it.
My husband and I pay for virtually everything except household bills (mortgage, utilities) and online purchases (not many of those) in cash. Groceries, hardware store, gas station, restaurants, you name it. We go through about $1000 per month.
I always have about $200.00 cash in my pocket at all times. I pay cash for most anything under $25.00 and use my debit card for more expensive things like groceries. I use PayPal (hooked to my AMEX Card) for online purchases.
i am happy to pay cash if it gets me a discount. otherwise id rather use my credit card since i get the points. im sure that the providers i pay cash to are paying all the required taxes.
My husband and I pay for virtually everything except household bills (mortgage, utilities) and online purchases (not many of those) in cash. Groceries, hardware store, gas station, restaurants, you name it. We go through about $1000 per month.
Curious why. There are plenty of no annual fee credit card that give you rewards.
Capital One Quicksilver is 1.5% cash back for free. If you go through $12,000 a year, you could have an extra $200 in your pocket. Use it for your utilities as well and the number goes up.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Just yesterday I noticed that I had a $20 in my wallet, and realized I have had it since about last Thanksgiving.I really cannot remember when I last paid cash for anything. I got the $20 as cash back when paying with a debit card, just to have some cash on me in case it was needed (has not been needed).
Cash is not dead though, there are still a lot of people that have no bank account or credit card.
My local Asian market only takes cash for purchases under $20, and I only use cash at gas stations ever since we had a rash of thefts from people installing card skimmers at the pumps in this area. Cash tips at restaurants of course.
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