No cash accepted

[Ed Pawlowski]

The banks want to rule the world and take a little piece from all of us.. i use debit and credit cards at times, but I prefer to use cans for most purchases, especially under about $100. I see no reason a bank should get a cut of the deal.

There is something knowing about the title of Visa?s latest initiative, the Visa Challenge, in which the payment company will offer 50 restaurants, cafes, and food trucks $10,000 each to eliminate cash payments. ?We are declaring war on cash,? a Visa spokesman told the Associated Press.

[Stormin' Norman]

Did you mean to write "use cash"? Not picking on a typo, but I just want to make sure.

I saw that story, I haven't looked into it, but the whole concept of "legal tender for all debts public and private" might seem to be in conflict with this plan.

[Muggles]

Such businesses will probably lose more than $10K in cash business, so, the initial payout of $10K might be attractive, but what happens when those businesses revert back to cash businesses when they start losing money?

[Ralph Mowery]

I know of some small bussiness that only take cash. No checks or credit cards. Mainly restraints. Some of them do have a bank cash machine in them where you can put in your card and get cash back.

I use cards all the time when I can. I pay them off and use the one that gives the most cash back. That means carrying around abut 5 cards, not counting on the store discount/rewards cards.

[rbowman]

Wonderful. I've noticed in the supermarket checkout line that the new chipped credit cards take even longer to validate than previously. The only thing worse than standing there while someone fumbles with a card to buy a $5 sandwich is when the charge is declined.

Things go much faster with a $20 bill.

[notbob]

I can only see one of those after cashing a "cash-back" check at a sprmkt check-out line.

What's worse. Getting robbed after picking up a weeks pay at the "payroll window" or getting clipped for a service fee for using a debit/credit card.

Makes no difference. Banks are gonna go with the least "overhead" for them. Why do you think "autonomous" car technology has been so eagerly developed. It's not fer your benefit! It's so corps don't hafta pay drivers (read trucks/taxis/labor//unions/overhead, etc). ;)

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[Cindy Hamilton]

Picking up a week's pay at the "payroll window"? What is this, 1917? My company doesn't even issue checks anymore; everybody has to have direct deposit.

Cindy Hamilton

[Taxed and Spent]

In California an employer cannot require an employee to have direct deposit.

[Cindy Hamilton]

I'm so relieved that California protects its citizens in this way.

Cindy Hamilton

[Taxed and Spent]

Yes, I was loosing sleep over this until I found out.

[Ralph Mowery]

Well over 15 maybe 25 years ago the company I worked for went to direct deposit and issued a piece of paper that told how much had been deposited, the tax and other deductions.

Later on they quit that and the only way to see was to look it up on a computer. You could do that from your computer,or any of many at work.

[Ed Pawlowski]

Should be cash. Cans are worth 5 cents to redeem though.

[Ed Pawlowski]

It is still problematic. There are some low income people that don;t have the ability to manage a checking account with direct deposit. The state says give them a check so not they go to a check cashing place and pay a fee.

Some banks will allow you to use a debit card and overdraw with a fee. We had a guy at work that fell into that trap with his first or second direct deposit pay. he racked up a couple of hundred in charges for a series of small purchases. Fortunately, someone at the bank talked to him and eliminated the frees.

[Roger Blake]

I would not work for a company that required direct deposit.

[Ed Pawlowski]

So I guess you won't be getting Social Security either.

I've had direct deposit for 35 years. Never missed a pay on time.

[Ralph Mowery]

I like direct deposit also. Probably 30 years of it from work, 10 from pension, and 5 from social security and never missed.

When working if on vacation or due to my schedule, off on payday, had to wait or make a special trip when they were issuing pay checks.

I do not like companies wanting to take money out of my bank account every month like Cable TV or the power company. I usually pay them by going on line and telling my credit union who, how much and when to pay. So far it has worked well for 10 years.

[Roger Blake]

I have no interest in going on the dole.

[Taxed and Spent]

Back when direct deposit was a new thing, I went to payroll and they asked how much $ I wanted deposited and the rest would be on the payroll check. I said I wanted 100% deposited. They said they couldn't do percentages. Since my paycheck varied, I wrote down that I wanted $10,000.00 per pay period direct deposited. She looked askance, checked the records a couple of times and said "you don't make nearly that much!" So, I asked what would happen. And she said my direct deposit could not exceed my earnings. So I said "yeah, 100%". She was a bit perplexed, said it wouldn't work, and I said I am not changing my instructions. She said "you may not get your paycheck if there is an error." I said "well, let's just find out, shall we?"

Worked like a charm. Not sure she ever got it into her head, though. I think back then the concept of somebody directly depositing the entire paycheck meant you were not going to spend any of it, at least any time soon.

[notbob]

Watch fer changes.

Usta be, Century-Link (my phone/broadband company) let ppl pay by CC or e-check, online, for free. They recently changed their policy and now charge for paying by CC. Only e-check payments are now free of charge. If I did not have a routing/acct e-check number, I would hafta pay a fee. 8|

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[Ed Pawlowski]

Good, more for the rest of us. I paid into it for 55 years so I'm taking out every penny I can. It will be in my account next Wednesday.