this post was submitted on 28 Nov 2023
1156 points (95.5% liked)
memes
10428 readers
2607 users here now
Community rules
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to [email protected]
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads
No advertisements or spam. This is an instance rule and the only way to live.
Sister communities
- [email protected] : Star Trek memes, chat and shitposts
- [email protected] : Lemmy Shitposts, anything and everything goes.
- [email protected] : Linux themed memes
- [email protected] : for those who love comic stories.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Not necessarily. It might be privacy but it could also be a combination of other reasons too - a cultural aversion to paperless transactions, a lack regulation for electronic payments, lack of a decent indigenous payment system, lack of financial safeguards, prevalence of fraud / skimming devices etc.
Some European countries were more into electronic transactions than others but with stuff like SEPA, chip & PIN, contactless payments I think most people are just fine using electronic payment unless they have reason to control the transaction in some way. For example I usually pay pretty much everything electronically but I still pay taxis and most restaurants with cash. Also tradesmen if they'll give me a discount for cash.
I used to work in a shop when I was younger, and the older generation always asked for "cash discount". Why on earth would we do that, my boss said to me. We need the money to be in the shop's bank account, not laying around somewhere and not being used.
I remember carrying several 100k of our money, late at night, to our banks night safe and drop it in. That sucked. And they charged us for this too
Cash is off the books so there is an incentive for certain kinds of businesses like tradesmen to take cash because it still works out cheaper since they don't have to declare it to the taxman.