The banks want a cashless society: This is why
The other day I paid for a few items with my debit card.
I could have paid cash, but I chose not to.
I was slugged 1.2 per cent for my laziness.
A total of 45 cents.
On the weekend, I bought some new furniture.
I offered cash but was told the shop only accepted card payment.
I had the option of paying a 1.2 per cent fee amounting to $15.62 or go home and sit on the floor.
Can someone explain how or why it costs so much more for a computer to do a transaction for a bigger amount?
When is the Government going to put a stop to this highway robbery?
If the retailer refuses cash, then they should wear this exorbitant theft.
Banks want us to be a cashless society.
Now I know why.
SOURCE:
Email, 23 Aug 2023
Laurie Powell, Woy Woy