'Cash is King'! Fighting against a cashless society
'Cash is King'! Fighting against a cashless society
Plus; Rallying call in Hamiltonsbawn; drive-thru plans for Armagh; Portadown fire; and tributes to young Portadown man...
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“Cash is King”. Not so much a eulogy to country legend Johnny Cash, but rather the resounding cry of readers on Sunday as we reported that a Dungannon-based eatery were asking customers to support them by quitting contactless.
Check out the story here: Restaurant pleads for cash payments after forking out £265 in card charges in a month
We’ve become accustomed to the quick tap of a card or phone as a means of payment. It all happens in seconds. So quickly, that it’s unlikely that you’ve ever considered the processes behind the scene.
The money doesn’t simply leave your account and enter the account of the business with whom you’ve just made the exchange. It goes via an intermediary… who hold it for a period of time… and take a cut.
Remember the days when you had to spend over £5 in a local shop to use your card? This was a measure that many businesses implemented to try and protect against these charges. But, the convenience of contactless has changed the game.
Recently a UK based Italian restaurant went viral for ‘fighting the cashless society’ by offering a 10% discount to customers settling their bills in cash. Once upon a time this was standard protocol - How many of us still haggle with the “but what’s your cash price” line?
Businesses, especially those in hospitality, need an amount of cash income.
Cash can often be banked without charge or it incurs lessor charges compared to electronic payments.
It’s an immediate transaction. Businesses do not have to wait hours/days for the money to reach their account.
A supply of cash can be legitimately used to pay business expenses (provided the paperwork is in line) without the need for direct debits and transfers.
It’s all well and good saying “cash is king”, but are we talking the talk when we should be walking the walk… to an ATM?
Headlines
⚽ A long-standing Hamiltonsbawn resident is calling for locals to attend a public meeting to discuss the village’s lack of youth provision. A once busy community group has dwindled to the brink of extinction and the village is seeing the results – or lack thereof – of that.
☕ And speaking of cash (or card), you can take it to the new drive-thru planned for Armagh. While no tenant is currently in place – nor is the building – it is hoped that something will be in place by the end of the year.
💔 Tributes paid following sudden passing of young Portadown man
🔥 Portadown fire: Lives saved thanks to quick actions of residents
🥯 Jobs boost as Portadown bakery secures new £200,000 Lidl deal
🤒 Newry Council clocks up almost 20,000 sick days in a year after ‘concerning’ rise
🚗 Armagh learner driver’s four month wait for test date – and still no prospect in sight!
⚖️ Co Armagh woman twice spat in hotel receptionist’s face after being refused room
🚓 Deaths of elderly couple outside Newry not being treated as suspicious
🏨 Developer’s Merchant’s Quay offices and hotel plan to ‘make Newry great again’
Armagh Jobs
✔️ Markey Tyres in Portadown require Tyre Fitters
✔️ Tiny Village in Armagh require a Supervisor
✔️ Re-Gen Robotics require Robotic Operatives to work throughout the UK and Europe.
✔️ ASEE also have a number of new roles available. Check them out here.
✔️ As do Mount Charles Group. Check them out on www.armaghjob.com.
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In response to cash is king, I say time for revolution.
Yes some luddites may see the retention of cash as important, but the reality is a cashless society is one of fewer frauds, muggings and theft in general as every transaction is traceable, hard to do a drug deal if all payments can be tracked, so safer streets.
The objection in regard to costs is one dealt with by realigning the banks, they are the beneficiaries of any charges, so simpler to minimize or eliminate the charges altogether.
Banks have hardly been a friend to people, with fees charges and bailouts for their mistakes, coupled to layoffs and closures.
So a few minor tweaks by them to make the system more acceptable.
So wake up people a cashless world is just around the corner.
cash all the way