@[email protected] to [email protected]English • 2 years agoAustralia's transition to a cashless society is underway — but not everyone wins when we get rid of cashwww.abc.net.auexternal-linkmessage-square24fedilinkarrow-up130cross-posted to: [email protected]
arrow-up130external-linkAustralia's transition to a cashless society is underway — but not everyone wins when we get rid of cashwww.abc.net.au@[email protected] to [email protected]English • 2 years agomessage-square24fedilinkcross-posted to: [email protected]
minus-square@[email protected]linkfedilink1•2 years agoIt’s not free to run a payments network. So who should pay for it? Tax payer funded?
minus-square@[email protected]linkfedilinkEnglish7•2 years 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-squareRexittor linkfedilink16•2 years agoWho pays to design, print/mint, transport cash? It’s always been taxpayers
minus-square@[email protected]linkfedilink5•2 years 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?
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.
Who pays to design, print/mint, transport cash? It’s always been taxpayers
Financial institutions should bear the cost as the cost of the privilege of having a banking license