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PostPosted: Thu May 07, 2020 10:26 am 
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No mention of taxis here, but obviously an interesting topic.

Six months before lockdown I was losing a bit of work because didn't have card reader.

Post-lockdown, would be great if could refuse cash runs, but can still see a lot of people offering cash, and won't really be able to afford to refuse it.

So suspect article here a tad exaggerated, but Covid-19 will undoubtedly hasten the trend away from cash.


Can you really be infected by cash and will it be a virus victim too? Businesses are refusing coins and notes... now we're warned Britain may be cashless in two years

https://www.thisismoney.co.uk/money/new ... notes.html

    - Three quarters of adults in Britain have used less cash since start of pandemic
    - Last month cash withdrawals fell by 60% compared with April 2019
    - Newly reopened B&Q stores only allow customers to pay by card or contactless
    - Contactless payment limit has been increased from £30 to £45 in the pandemic


Brothers Chris and Jeff Abbott went back to work last Saturday, when they opened their two DIY shops for the first time in four weeks.

Only three customers are allowed in at a time and chip-and-pin machines are cleaned frequently with antibacterial wipes. Acrylic screens shield staff from customers at the tills.

But the coronavirus has prompted another change to the 41-year-old family business.

Abbott's DIY is no longer accepting cash payments at either of its shops, in Ottery St Mary and Seaton, East Devon.

It's a decision many other businesses are expected to make as they emerge from lockdown. Research conducted for Money Mail by Amaiz suggests 50 per cent of small businesses have gone cashless or plan to do so due to the virus.

Only 21 per cent of the 500 respondents the small business banking app surveyed had no plans to abandon cash payments.

Experts fear there may be only months to save the UK's cash system from collapsing.

Last month, under lockdown, cash withdrawals fell by 60 per cent compared with April 2019, according to ATM operator Link, whose chief executive John Howells says the pandemic is 'speeding up' the decline of cash, and that a fall in cash use expected to take place over five years will happen within five months.

He says: 'If we do nothing, we could be in a virtually cashless society in two years' time.'

Last week, B&Q opened all 288 of its stores, with customers allowed to pay only by card or using contactless, to reduce contact between customers and staff.

Britain's biggest supermarkets, including Sainsbury's and Tesco, have been urging their customers to pay without cash since March.

The contactless payment limit has been increased from £30 to £45 in the pandemic, allowing customers to make more payments without having to touch a chip‑and-pin machine.

About three-quarters of adults in Britain have used less cash since the start of the pandemic, and a similar number believe they will continue to do so over the next six months, according to a YouGov poll conducted on behalf of Link.

And as more than 3,500 bank and building society branches have shut their doors or been earmarked for closure since 2015, according to Which?, many business owners are having to travel further to deposit cash takings.

A third of the UK's bank branches were closed in the four-and-a-half years to August last year, the consumer magazine found.

Experts fear the virus could lead to even more branches being shut down because they are used less — and there could be even fewer ATMs, as most machines not attached to branches are run by private companies.

If cash withdrawals keep declining, the companies won't be able to afford to keep all the machines open. Already, about 17 per cent of free-to-use cash machines have disappeared in the past two years, according to Which?.

Chris Abbott, 41, had never considered banning cash before. While it costs him £2.50 to deposit £100 of cash in his account, and less than £1 to deposit the same amount in cashless purchases, he would rather give his customers the choice.

But he won't accept cash until there is a significant drop in the coronavirus infection rate or there is an effective vaccine.

Chris says: 'I would rather not sell a single item than put a member of staff's health at risk.'

The Government has not yet issued specific guidance on using cash, as it should pose no greater risk than touching other everyday items such as shopping trolleys.

Yesterday, this newspaper reported that shops would be encouraged to scrap cash payments entirely once lockdown was eased.

Draft Government guidance to business states that retailers should accept only cards or contactless payments while the coronavirus is still a threat.

Professor Sally Bloomfield, from the London School of Hygiene and Tropical Medicine, says contactless payment is probably the least risky option — yet she says touching a chip-and-pin machine could potentially be riskier than using cash, as more people touch them each day.

'These are all very small risks, but every small risk adds up,' she adds.

Cafe owner Charles Snoxell stopped taking cash payments shortly before lockdown began.

He made the decision to protect staff in his cafes: Pantry, in High Wycombe, and Sycamore on the Hill, in Amersham, Bucks.

But he plans to make the change permanent when he reopens.

Since lockdown began he has been running a cashless delivery system, where customers can order coffee and cakes directly to their doors.

He uses the app iZettle Pro to send invoices to customers' phones, so they can pay via text message or email.

Charles, 35, says: 'I had already been considering going cashless. By the time lockdown ends, people will feel more comfortable with using their cards and phones to pay.'

But convenience store manager Manju Karavadra has found it more difficult without cash.

Marshchapel Stores and the Post Office inside it are a lifeline for the coastal village of Marshchapel in Lincolnshire. It has a population of just over 700 and the nearest supermarket is almost five miles away.

But when Manju began putting up signs asking customers not to pay with cash last month, some of her older customers don't feel comfortable using their cards for small purchases, such as a newspaper.

And younger customers have jogged to the shop from nearby villages bringing only cash because they didn't know about the change. Last year's Access To Cash Review found that the UK could become 'virtually cashless' by 2035.

More recent figures released before the lockdown suggested this would happen by 2030, but the pandemic may have pushed this forward.

In his Budget, Chancellor Rishi Sunak promised to introduce new laws to protect access to cash, but a consultation is yet to take place to decide what these laws will be.

Natalie Ceeney, author of the Access to Cash Review, warns: 'About 20 per cent of the population still need cash. A large proportion are vulnerable, including the elderly, disabled or those on low incomes.'

Last year, the Financial Conduct Authority research suggested some 1.3 million adults in the UK have no bank account at all — and even if someone has a debit or credit card, they may not be happy to hand it to a neighbour or volunteer to do their shopping.

'We can't go cashless until the infrastructure is in place and everyone in society is ready,' says Ms Ceeney.

During the pandemic, banks and building societies have been encouraging customers to visit branches only when necessary.

A UK Finance spokesman says: 'We have worked hard to ensure all customers are still able to make cash withdrawals, despite the constraints of lockdown, isolation and shielding.'

Some shoppers worry that carrying a card could put them at greater risk of fraud. Losses from fraud on UK-issued cards fell by 8 per cent between 2018 and 2019, but still totalled £620.6 million last year.

Quote:
Can you really be infected by cash?

Cash, coins and cards — just like other surfaces — have the potential to carry the Covid-19 virus.

But the Government has yet to issue any official guidance on whether people should avoid using cash. This is because it is understood to pose no further risk than handling other everyday items — assuming shoppers follow advice about washing their hands frequently and avoiding touching their faces.

However, draft guidance seen by the Mail suggests that shops may be encouraged to abandon cash when lockdown restrictions are lifted.

Scientific evidence suggests that the virus can live on various surfaces for different lengths of time. The World Health Organisation (WHO) cites an experimental study which found the virus can survive for up to 72 hours on plastic and stainless steel and up to four hours on copper.

But a WHO spokesman says further experiments and analysis are needed in order to understand more about how the virus is transmitted.


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PostPosted: Thu May 07, 2020 12:35 pm 
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I think people have got so used to paying by card over the last few week it will be the norm. The week before lockdown I was wiping any cash I took with an antibacterial wipe before putting it away.


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PostPosted: Thu May 07, 2020 4:29 pm 
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I'm still getting 99 per cent paying by cash even though they know I can do card

I think there is much variation but if it happens the banks have got us by the short and curlies and within 2 years we'll all be paying 3 to 4 percent whilst the banks post record profits

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PostPosted: Thu May 07, 2020 6:30 pm 
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edders23 wrote:
I'm still getting 99 per cent paying by cash even though they know I can do card

I think there is much variation but if it happens the banks have got us by the short and curlies and within 2 years we'll all be paying 3 to 4 percent whilst the banks post record profits


So how many groats to the mile do you charge? And do you still accept livestock as payment? :lol:

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PostPosted: Thu May 07, 2020 6:50 pm 
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Location: Stamford Britains prettiest town till SKDC ruined it
jimbo wrote:
edders23 wrote:
I'm still getting 99 per cent paying by cash even though they know I can do card

I think there is much variation but if it happens the banks have got us by the short and curlies and within 2 years we'll all be paying 3 to 4 percent whilst the banks post record profits


So how many groats to the mile do you charge? And do you still accept livestock as payment? :lol:



nah that's your end of the county our end has one of the highest educated populations in the UK :wink:

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PostPosted: Thu May 07, 2020 7:40 pm 
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edders23 wrote:
jimbo wrote:
edders23 wrote:
I'm still getting 99 per cent paying by cash even though they know I can do card

I think there is much variation but if it happens the banks have got us by the short and curlies and within 2 years we'll all be paying 3 to 4 percent whilst the banks post record profits


So how many groats to the mile do you charge? And do you still accept livestock as payment? :lol:



nah that's your end of the county our end has one of the highest educated populations in the UK :wink:


How did you get in then?

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PostPosted: Thu May 07, 2020 7:42 pm 
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I would say that about a third of my take is cash, a third card and the other third account.

Three years ago it would have been 90% cash and 10% account.

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PostPosted: Thu May 07, 2020 8:09 pm 
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x-ray wrote:
I think people have got so used to paying by card over the last few week it will be the norm. The week before lockdown I was wiping any cash I took with an antibacterial wipe before putting it away.

I've literally* raided the piggy bank (a jar of a couple of hundred pounds in coins) and using it to pay for my food. Which is another reason to use the self-service tills in Tesco - wouldn't want to be handing over 40 coins (say) at a conventional till. (And, of course, wouldn't want to do that at the self-service tills if there was a queue - I go in laden with coins, but also notes and card to cover all the bases.)

Never really had a problem with excess coins here, and in fact quite often a shortage, so I've built up a bit too much as a reserve just in case. But I'm winding that down now, both because of the coin vs card scenario, and because I need to eat [-(

*It's not *literally* a *piggy-bank*, but I'm sure you'll know what I mean :)


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PostPosted: Thu May 07, 2020 8:29 pm 
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I’ve just banked my ‘funny money’ savings. We visit the Highlands every winter and I put away any Scottish notes I get given, the other lads on the rank save their’s for me as well. I usually have somewhere around £1,000 by Christmas which pays for the holiday spends including the fuel to get there and back, a thousand miles over the week usually (and a decent bottle of single malt!) Might be a couple of years before we get up there again. :cry:


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PostPosted: Fri May 08, 2020 4:39 pm 
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I get about £30 of Scottish money every year.

And it stays on me as long as it takes me to get to the petrol station to spend it.

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PostPosted: Fri May 08, 2020 10:42 pm 
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Sussex wrote:
I get about £30 of Scottish money every year.

And it stays on me as long as it takes me to get to the petrol station to spend it.


I take about £20-£30 a month Scottish on average,(most of it from the Glasgow to Chester train)
It’s just a fun way of saving, I don’t really miss it, even with some of the other lads giving it to me it’s only £20 a week or so.


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PostPosted: Mon May 11, 2020 2:47 pm 
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And stand by for a rash of councils moving to compulsory card readers in the latter half of this year.


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PostPosted: Mon May 11, 2020 4:12 pm 
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StuartW wrote:
And stand by for a rash of councils moving to compulsory card readers in the latter half of this year.


I’ve not got a problem with it in theory, as long as they don’t dictate what machine/technology we use, where it has to be placed and whether we have to have a printer fitted. #-o


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PostPosted: Mon May 11, 2020 5:10 pm 
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x-ray wrote:
StuartW wrote:
And stand by for a rash of councils moving to compulsory card readers in the latter half of this year.


I’ve not got a problem with it in theory, as long as they don’t dictate what machine/technology we use, where it has to be placed and whether we have to have a printer fitted. #-o

Bang on =D>

And if everyone was forced to have them it would stop drivers saying they didn't have one if it was a local run, blah, blah [-X


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PostPosted: Mon May 11, 2020 8:19 pm 
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No bigger supporter of mandatory card payment machines than me.

Providing it's just a simple case of an iZettle type reader.

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