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Is cash dead in Australia? (nord.pub)

submitted 5 days ago by NightOps@nord.pub to c/australia@aussie.zone

56 comments fedilink hide all child comments

I mean, since the last time I've visited: it seems like no one ever carries it. I prefer it because CC charge additional fees (which end up making the item cost more) I have a small rant about that: STOP RIPPING OFF PEOPLE WITH THOSE SURCHARGES?! (It should be 0 rather than 1%) as it may seem trivial, they add up overtime. Are stores allowed to refuse cash payments outright despite them being legal tender?

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[–] blind3rdeye@aussie.zone 8 points 4 days ago (1 children)

I use cash very often; almost always at cafes and restaurants, and often in other places too.

I have several reasons for using cash:

Avoid surcharges.
Avoid entrenching dependency on payment-processing companies.
Avoid easy tracking by banks and payment processors.
Maintaining a sense of deliberate decision-making with purchases. (Using cash means I physically and necessarily think about how much money I'm handing over, whereas with a phone or card it takes no thought at all.)
(and other reasons along similar lines and values as those I've listed.)

Really, I think it would be a disaster if cash was no longer widely accepted. Having all transactions funneled through a handful of private companies, with no way of avoiding them, ... that would be very bad for a heap of different reasons. So continuing to use cash simply so that cash continues to be an option is good enough reason on its own.

[–] SaveTheTuaHawk@lemmy.ca -2 points 4 days ago (2 children)

Cash's days are numbered. The main advantage of cash is tax avoidance and an underground economy, which is not sustainable.

[–] bignose@aussie.zone 3 points 4 days ago* (last edited 4 days ago)

A big advantage is cash works when it's offline.

[–] Seagoon_@aussie.zone 3 points 4 days ago

the main advantage of eft is money laundering and anon bribing