Mountaineer to AusFinanceEnglish · 11 months agoAustralia's transition to a cashless society is underway — but not everyone wins when we get rid of cashwww.abc.net.auexternal-linkmessage-square24fedilinkarrow-up130arrow-down10cross-posted to: australia
arrow-up130arrow-down1external-linkAustralia's transition to a cashless society is underway — but not everyone wins when we get rid of cashwww.abc.net.auMountaineer to AusFinanceEnglish · 11 months agomessage-square24fedilinkcross-posted to: australia
minus-squareDavidDoesLemmylinkfedilinkarrow-up1arrow-down2·11 months agoIt’s not free to run a payments network. So who should pay for it? Tax payer funded?
minus-squareRexittor linkfedilinkarrow-up16·11 months agoWho pays to design, print/mint, transport cash? It’s always been taxpayers
minus-squarecooopsspace@infosec.publinkfedilinkEnglisharrow-up7·11 months agoTwo options: Don’t go cashless. Go cashless but fees = $0. Idgaf how it works, but it’s asinine to have a $4 a month account keeping fee and pay per transaction to store and spend your own money. If it gets any worse I’ll be pulling all my cash out and going cash only for everything.
minus-squareclutchmattic@beehaw.orglinkfedilinkarrow-up5·11 months agoFinancial institutions should bear the cost as the cost of the privilege of having a banking license
It’s not free to run a payments network. So who should pay for it? Tax payer funded?
Who pays to design, print/mint, transport cash? It’s always been taxpayers
Two options:
Don’t go cashless.
Go cashless but fees = $0.
Idgaf how it works, but it’s asinine to have a $4 a month account keeping fee and pay per transaction to store and spend your own money. If it gets any worse I’ll be pulling all my cash out and going cash only for everything.
Financial institutions should bear the cost as the cost of the privilege of having a banking license