Most liked posts in thread: Kiosk payments

The business, not the individual. It’s sure was as high as that from memory. (Transport sector)

 

Nice one HM!

 

and how does that compare to when they had to pay in all the money and order change?

 

Too many City fans are Luddites. Cashless is the future. Let’s embrace it.

 

When someone nicks your car instead of your wallet then you won’t be saying silly comments like this.

 

Put me down as one then as I think a cashless society is bonkers and won't happen in my lifetime

 

Will programmes be still available for cash outside the stadium.

 

probably not next year or so. Clubs are going online with them

 

Like a French car.

No self respecting thief would nick a French car.

 

I don’t, because it’s a multi national retail business but that’s what £6m receipts a month income , meant. ( 5 years ago)
The costs for taking cash to and from establishments three times a week by well known cash transportation companies was absurdly, absurdly, huge. Times have moved on since I retired , but based on the latter comment I bet all retail would wish for cashless?

I may be wrong about the transaction charges (age!) , but hey it’s not a deal breaker and the principle still applies to the interesting ( for me ) debate.

 

Based on say takings of £5000 per week
Card charges at an industry average of 1.5% £75 plus say 2 mobile terminals @ £15 Total charges £90
Banking on £5000 a week
Paying in charge at 35p per £100 £17.50 Withdrawal fee on £1000 change £3.50 Total cash charge £21
Change needs is very limited because most users keep a float and do not pay coins or £5 notes in and keep it for change

 

Can’t agree more, I usually put a couple of quid in or if it’s on the card or expenses round it up to the nearest five or ten. Never given a tip to the bar though, bought the bar staff a drink if I’ve had a big win on the fruit machine in the club.

Reminds me of the start of Reservoir Dogs this discussion

 

Which is why HMG and HMRC are keen to reduce the use of cash, it’s better for the tax take.

 

Too right, stop all these thieving self employed tradesmen. Best thing that happened to most of them was SEISS grants being based on provable income.

 

It amazes me that some businesses still pay by cheque. We just have 2 customers who still refuse to pay by bacs. They generally pay on time so I just can't see why they want the hassle and the extra expense themselves It's also pain in the arse having someone go the bank to pay it in.

 

only cheques we ever bank at work are from HM Courts for payments that people convicted of theft are having to pay. To be honest they rarely get processed

 

lol!

The bar staff get zero!

 

You didn’t fancy paying in at post office then

 

I don't miss having to queue up at Cross Hills post office to pay in the takings on a Monday and try guess how much change we would need so I don't have to walk down again always hoping and praying not to get certain member of staff serving you

 

What's your business in Cross Hills ? Mines the mortgage brokers next door to Wilman Lodge.