Just swipe it through my crack and enter the pin
Cash option fading
- Thread starter CraigieBoi
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- payment options
Kenny
Diamond Member
So I read yet another online article that ATM's are disappearing quite quickly due to contactless payments, persons not using them etc.
So if we can't get cash and we have to do a contactless type of payment to bust a nut, will we complete the transaction knowing that the electronic transaction will be on ones banking statement for how long?
I am sure the shops/ privates wont be happy either as the ATO will be wanting a share of their now disclosed "income" that will be nicely documented with their digital transactions to help relieve the nations debt. [to fuck knows who ! ( ; ]
So if we can't get cash and we have to do a contactless type of payment to bust a nut, will we complete the transaction knowing that the electronic transaction will be on ones banking statement for how long?
I am sure the shops/ privates wont be happy either as the ATO will be wanting a share of their now disclosed "income" that will be nicely documented with their digital transactions to help relieve the nations debt. [to fuck knows who ! ( ; ]
No idea what to do
Legend Member
Just Stash the Cash
Keep it ready for a
Day of Fucking
Keep it ready for a
Day of Fucking
Go to a Bank
Go to an ATM
Instant record of a transaction $1000.00 Questions get asked
Cash Out
When your at Woollies IGA Coles Bottle shop Service Station $100.00 each time Nobody give a fuck
The Frenchman
howling
Diamond Member
Cash works all the time 24/7. Its really difficult when the banks network goes down and you can't use your card.
Also that surcharge is really annoying and greedy by the banks. Aren't their profits high enough? The surcharge eats away your balance if you continually use the card. For LT hour it is 500 for cash but 550 using the card.
Also that surcharge is really annoying and greedy by the banks. Aren't their profits high enough? The surcharge eats away your balance if you continually use the card. For LT hour it is 500 for cash but 550 using the card.
Channelle
Legend Member
Really, is that true? $50 extra to use a card?
I believed it illegal to do that and shops could only increase slightly to recoup their cost of that option.
Don't know the ins and outs (of that bit of the business) but perhaps easy shop ways around it, say 550 is full price and get a discount for cash, or call the extra a booking fee or whatever.
But wont affect me as will never revisit.
Liam
Gold Member
It is illegal, but at the end of the day, who the fuck is gonna police it.
The Voice
Diamond Member
APRA does but only after being alerted to it.
Liam
Gold Member
well then.... who wants to report them?
Channelle
Legend Member
So why can't they say 550 is card price, and you get a 50 cash discount.
Rankin
Gold Member
Prefer cash...easier to hide from the tax man
peartywerty
Diamond Member
The tax man doesn't care what you spend money on. They're interested in the money that's coming IN.
Rover
Silver Member
Yep...l tried at Hanny's but they couldn't or wouldn't make the machine take it
Kenny
Diamond Member
Hanys have a 10% surcharge for card use even for Eftpos, hate to see the cost of using a Credit Card.
I get the use of cash and the current work around's to obtain cash whilst shopping etc, just the writing is more and more on the wall that cash is slowing disappearing where everything will be done electronically for so many reasons.
When it does go all electronic hopefully these places can't continue to charge their high surcharge fees
I get the use of cash and the current work around's to obtain cash whilst shopping etc, just the writing is more and more on the wall that cash is slowing disappearing where everything will be done electronically for so many reasons.
When it does go all electronic hopefully these places can't continue to charge their high surcharge fees
No idea what to do
Legend Member
So , By the time cash is no longer in existence ( about 20 years )
My dick
might not wanna work and spray Little Able Semen.
Here's to hope the Cash stay's alive and well
The Frenchman
My dick
might not wanna work and spray Little Able Semen.Here's to hope the Cash stay's alive and well
The Frenchman
gus2012
Gold Member
Yeah, but when the place is paid in cash the Tax Man never sees any of it. It is not a question of what money is spent on, it is a question of declaration of said income. If you pay by card the place sort of has to declare the income, and pay GST, hence the 10% extra than the cash price.
Kenny
Diamond Member
I remember years ago buying my lunch at lunch bars noticing that everyone was handing over cash and the shop owners were mainly Asian descent with that small red waving cat on the cash register, and thinking I bet they don't class that as "earnings", so I would pay with the card which was quite slow back then, with no surcharge. Now that tap & go is the thing today where most customers use their cards more due to the ease, I bet the lunch bars are showing higher earnings for the tax man.
Slugger1
Legend Member
Not true.
A business can only legally charge what it costs to process a transaction now.
Link is broken so it has been removed
For a credit card the Reserve Bank estimates between 1% and 1.5% for a Mastercard or Visa.
Last edited by a moderator:
D
Deleted member 64929
Can anyone tell me what the typical card bank statement description is for an AMP? Asking for a friend 
D
Deleted member 64929
Well, it's not completely inaccurate. My friend's other half might raise eyebrows though
sludgie
Gold Member
A number of shops charge the 10% for cards, it's called GST. Long live the cash world.
Liam
Gold Member
Government doesn't charge tax for prostitutes
Kenny
Diamond Member
If a business is registered to charge GST as it earns more than $75K, then it doesn't matter if you use your card or pay in cash as the GST amount shall be included in the total amount, then kept by the shop owner and then handed over when the BAS statement is lodged.
If one when to the shops and I was given two options of the total amount, ie one price with the GST amount and a cheaper one if I used cash, we all would be using cash.
Haha you sure about that?
I am sure that when the W/L gets cash for her services, i'll bet she isn't declaring that cash as earnings.
Also, as an ING customer, you can use any ATM who charge you 2.50 or 3 bucks, you get it credited back from ING.
You just need 5 card transactions per month, not hard to do.
They also give you currently a whopping 5% interest on your savings, I guess that's the most you will get from any bank atm.
(Up to $100k per customer)
Cheers
sludgie
Gold Member
As with a number of shops there is a cash price and a card price. As a client of Hanys l am sure you have seen the prices on the book stating cash price.
Kenny
Diamond Member
I was talking about the regular shops like IGA, Bunnings etc not AMP or the like.
Kenny
Diamond Member
Well hopefully one of the Langtree random posters or bots can explain the 10 % surcharge for card use.
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