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I've heard going back a long time that in the future we won't have cash in our pocket. Everything you get and spend will be on a card. How you might want to "withdraw" all of your savings (example might be $35,000) not sure how you would get all your $ at one time. Even now some banks have daily limits.
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Wow, paranoia! I'm hearing just the opposite on the cash part. Been reading several stories about some places mainly restaurants, giving you discounts for paying with cash instead of card so they won't have to pay those card company service charges.
And yep, some places offer cash discount, but my debit card meets that requirement.
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Wow, paranoia! I'm hearing just the opposite on the cash part. Been reading several stories about some places mainly restaurants, giving you discounts for paying with cash instead of card so they won't have to pay those card company service charges.
I doubt this. Merchant credit card processing fees are only 1-2% usually. Cash discounts to customers would offset any savings. They likely do it for tax-avoidance.
Merchants are charged fees no matter which card you use. There's no distinction on our side.
Debit card fees are something like 0.05% + 21 cents per transaction if the transaction is performed as a debit and not a credit card. Credit card fees are a percentage that is higher.
Merchants are charged fees no matter which card you use. There's no distinction on our side.
Apparently you are correct, don't know why I thought debit cards were fee free.
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