Cash only ?.

[TIGHTCHOKE]

I have often wondered what the need was, it seems only to allow the Bank to charge more.

[manthing]

12 minutes ago, Scully said:

Can I ask why you have a business account? You don’t have to tell me of course.
I’m a self employed specialist painter and when trying to open an account with a building society due to our bank closing down, they tried to insist I opened a business account. They couldn't answer my questions when I asked what the benefits for me were; basically what was in it for me was how I put it. 
I went elsewhere. 

I'm a limited company, and my accountant advised I do so.

My old gas fitter got a lot of grief running his business through a personal account. I suppose that's why they call them personal accounts. 

[Scully]

6 minutes ago, manthing said:

I'm a limited company, and my accountant advised I do so.

My old gas fitter got a lot of grief running his business through a personal account. I suppose that's why they call them personal accounts. 

Fair enough. Cheers. 

[harrycatcat1]

2 hours ago, oowee said:

^^^^^ This. I refuse to pay my window cleaner cash. 

This made me laugh 😃 

[Fargo]

8 hours ago, Scully said:

Chinese in our local town has been there for over 25 years, has always been cash only. 
A pop up car wash run by a few Turkish lads ( some of whom were in a mad rush to get a local girl pregnant for some reason 😂) in the town has always been cash only, but they’re a decent bunch cos all profit on a Sunday goes to charity! 👍😂😂

Lot of takeaways are cash only and pay down Costco in cash.

People often think cash businesses are corrupt but it’s not the case in many. You don’t have to bank any of the cash, just declare it on your self assessment.

9 hours ago, samboy said:

Hi gang.

             I have recently noticed that more shops have signs on the counter saying cash only.

             Any thoughts on this ?.

If they sell something for £10 and it’s cost them £7 and you have £3 gross by time you pay card fee you make your margin even less.

 

[bigroomboy]

44 minutes ago, Fargo said:

Lot of takeaways are cash only and pay down Costco in cash.

People often think cash businesses are corrupt but it’s not the case in many. You don’t have to bank any of the cash, just declare it on your self assessment.

If they sell something for £10 and it’s cost them £7 and you have £3 gross by time you pay card fee you make your margin even less.

 

Sorry that doesn't add up. It's the cost of doing business. I've known many people working in cash and I can tell you there is only one reason why... To declare less than they earn to pay less tax. Simple. When I get paid I pay my tax and national insurance wand everything else. No option. So why would I help some one else dodge paying their way so they can use all the services of this country for free and drive around in flash cars. I'm sure they won't be turning their state pension down when the time comes because it's not paid in cash. I'll just pay for that for them as well shall I?

[Newbie to this]

11 minutes ago, bigroomboy said:

Sorry that doesn't add up. It's the cost of doing business. I've known many people working in cash and I can tell you there is only one reason why... To declare less than they earn to pay less tax. Simple. When I get paid I pay my tax and national insurance wand everything else. No option. So why would I help some one else dodge paying their way so they can use all the services of this country for free and drive around in flash cars. I'm sure they won't be turning their state pension down when the time comes because it's not paid in cash. I'll just pay for that for them as well shall I?

[London Best]

I know a guy, well respected local tradesman, straight as a die, highly regarded by the local building trade, who doesn’t even have a bank account.

[Fargo]

30 minutes ago, bigroomboy said:

Sorry that doesn't add up. It's the cost of doing business. I've known many people working in cash and I can tell you there is only one reason why... To declare less than they earn to pay less tax. Simple. When I get paid I pay my tax and national insurance wand everything else. No option. So why would I help some one else dodge paying their way so they can use all the services of this country for free and drive around in flash cars. I'm sure they won't be turning their state pension down when the time comes because it's not paid in cash. I'll just pay for that for them as well shall I?

Sounds like you got a chip on your shoulder.

[bigroomboy]

36 minutes ago, Fargo said:

Sounds like you got a chip on your shoulder.

No.. a pin

[shaun4860]

I was told by my local butcher that when people use the cash reader machines he doesn’t get the money straight away.

[Fargo]

1 minute ago, shaun4860 said:

I was told by my local butcher that when people use the cash reader machines he doesn’t get the money straight away.

Normal is 2-5 days 

[shaun4860]

4 minutes ago, Fargo said:

Normal is 2-5 days 

Cheers

[old man]

Surely the reason for a big push towards cashless  is for one reason only? It gives total control of life to the ones least worthy of having it? The faceless ones.

[button]

13 hours ago, London Best said:

I know a guy, well respected local tradesman, straight as a die, highly regarded by the local building trade, who doesn’t even have a bank account.

With all due respect think this can’t be true, how’s he pay HMRC, if you say cash over the counter, most banks won’t accept non customers, what happens if a customer can get cash, ie the only have internet banking with no branch network so can only transfer bank to bank? This is why they are trying to make accounts available to everyone as you just can not function without? How do buy a car? If the dealers not registered with HMRC as a high value dealer they are restricted how much cash they can accept in a single transaction 

Dont doubt he is an honest guy but think he may be pulling your leg on this one!

[walshie]

It's their business if they want only cash or only card, but to say they only want cash for fraudulent reasons is ridiculous.

I don't get the obsession with cards. My mate pays for everything by card - even a newspaper. I prefer cash. 

Maybe some people just don't like every aspect of their lives scrutinised. I read the other day that one of the things that can give you a "black mark" on a mortgage application is spending "too much" on lottery tickets as it shows you may have a gambling problem. But who is the arbiter of what is considered too much?

While I agree it might be a pointer (and they should have bought the tickets with cash) can no-one see where this could end? Declined healthcare for buying "too much" red meat? An extra bottle of wine at Xmas? Buying diesel when you could have an EV? 

Not for me.

[sportsbob]

18 hours ago, oowee said:

I can see why you would want to forget it. Unfortunately we have to live with it and pay for it.

BS perpetuated 

[London Best]

52 minutes ago, button said:

With all due respect think this can’t be true, how’s he pay HMRC, if you say cash over the counter, most banks won’t accept non customers, what happens if a customer can get cash, ie the only have internet banking with no branch network so can only transfer bank to bank? This is why they are trying to make accounts available to everyone as you just can not function without? How do buy a car? If the dealers not registered with HMRC as a high value dealer they are restricted how much cash they can accept in a single transaction 

Dont doubt he is an honest guy but think he may be pulling your leg on this one!

I assure you it is true, I know the man very well. 
He keeps LOADSA money in a safe at home. 
Always buys cars and vans at auction. 
If customers won’t agree to cash he won’t work for them. 
His reputation is such that he can pick and choose his customers.

[islandgun]

My business depends on cash, which is paid into our business account weekly, Our local bank is closing whilst the one in town is reducing their staff, they have closed the business windows [which were always busy not long ago] Its clear they want cashless banking, also noticeably the Coop has reduced the number of manned checkouts to a few and doubled the self checkout, I wonder how long it will be before you scan each item with your phone as you shop, with the money instantly removed from your account, I also wonder what would happen if the computers failed or we have a prolonged power cut.

[London Best]

2 minutes ago, islandgun said:

scan each item with your phone as you shop, with the money instantly removed from your account, I also wonder what would happen if the computers failed or we have a prolonged power cut.

Yeah! What could possibly go wrong eh?

[TIGHTCHOKE]

5 minutes ago, islandgun said:

I also wonder what would happen if the computers failed or we have a prolonged power cut.

When that happens the shop either closes immediately or accepts cash ONLY.

A particular Sainsburys in Kent suffered a computer glitch many years ago, they allowed shoppers to estimate what their trolley was worth and either accepted cash or negotiated until both sides were happy.

Alternatively you left without your shopping.

[McSpredder]

1 hour ago, London Best said:

Yeah! What could possibly go wrong eh?

You could be overcharged if the the system got wet.   Maybe it was the wrong sort of rain.

https://www.bbc.co.uk/news/uk-england-london-67361998

[Scully]

3 hours ago, walshie said:

It's their business if they want only cash or only card, but to say they only want cash for fraudulent reasons is ridiculous.

I don't get the obsession with cards. My mate pays for everything by card - even a newspaper. I prefer cash. 

Maybe some people just don't like every aspect of their lives scrutinised. I read the other day that one of the things that can give you a "black mark" on a mortgage application is spending "too much" on lottery tickets as it shows you may have a gambling problem. But who is the arbiter of what is considered too much?

While I agree it might be a pointer (and they should have bought the tickets with cash) can no-one see where this could end? Declined healthcare for buying "too much" red meat? An extra bottle of wine at Xmas? Buying diesel when you could have an EV? 

Not for me.

I agree. 👍

[old man]

3 hours ago, walshie said:

It's their business if they want only cash or only card, but to say they only want cash for fraudulent reasons is ridiculous.

I don't get the obsession with cards. My mate pays for everything by card - even a newspaper. I prefer cash. 

Maybe some people just don't like every aspect of their lives scrutinised. I read the other day that one of the things that can give you a "black mark" on a mortgage application is spending "too much" on lottery tickets as it shows you may have a gambling problem. But who is the arbiter of what is considered too much?

While I agree it might be a pointer (and they should have bought the tickets with cash) can no-one see where this could end? Declined healthcare for buying "too much" red meat? An extra bottle of wine at Xmas? Buying diesel when you could have an EV? 

Not for me.

Not for me either but probably in the pipeline judging fro the way things are being pushed?

[Newbie to this]

8 hours ago, walshie said:

But who is the arbiter of what is considered too much?

Maybe those lending the money