Payment (lemmy.world)
submitted 9 months ago by to c/comicstrips@lemmy.world
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[–] 48 points 9 months ago (9 children)

For these cases I keep a tiny bag filled with colourful pieces of paper and metal discs in various sizes. Strangely the cashier seems to accept them as means of payment.

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  • [–] 23 points 9 months ago (1 child)

    I tried this once. security kicked my ass and told me to not come back with monopoly money again.

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  • [–] 8 points 9 months ago*

    Funnily enough, my country's bills do look like Monopoly money. So much so that I tried to get smart with my friend by offering him some bills for his Boardwalk, but he slapped down my shit and told me to get some get real Monopoly money. :(

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  • [–] 6 points 9 months ago (6 children)

    you have never been poor, have you?

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  • [–] 17 points 9 months ago (3 children)

    Obglatory not OP, but... When I was younger and pretty broke I preferred paying cash. It was very easy to keep track of my spending rate and there was no risk of getting declined.

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  • [–] 10 points 9 months ago* (2 children)

    Interestingly I read somewhere (from a Behavioral Economics book, I think) that people who pay in cash in average spend less than people who pay by card.

    Paying cash involves literally giving out something physical which you own, whilst paying by card is just a number in a screen that you say yes to, and it's theorized that the actually parting with something physical like cash makes people more wary of spending because of the higher unpleasent feeling of losing something.

    Certainly looking at myself, actually counting and giving away €100 in notes does feel more unpleasant that merelly saying yes to a screen showing the number 100.

    All this to say that for poor people it actually makes even more sense to pay in cash.

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  • [–] 5 points 9 months ago (1 child)

    That's exactly why I preferred cash when I was in my 20s, but there's a catch. Completely avoiding the credit system isn't good for longer term finance either. In the US at least, no credit can be worse than bad credit. This makes it hard to escape the poverty trap even if you get finances are in order.

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  • [–] 2 points 9 months ago*

    There's another catch if you're not using a card with rewards. (As I understand it this is mostly a U.S. thing, other countries don't do this.)

    Every year when I take my big vacation my wife and I get 1-1.5 of our international business class tickets paid for by rewards on one card and about half of our hotel suites (about 10-11 nights) paid for by rewards on another card. If you're paying cash or using a card without rewards, you're paying for my vacation.

    Places with different prices for cash and cards are vanishingly rare. Mostly because card processing companies try to penalize places that do this. So everyone pays higher prices to pay for the higher processing fees for reward cards. If you aren't getting something back you're just paying for people that are.

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  • [–] 4 points 9 months ago

    I have to wonder what kind of child hears someone say that they pay in cash rather than use a card and assume that they're rich.

    I have to imagine you are so fiscally deficient that the 2% or so card transaction fee doesn't even register to you. Did you know that especially some Mom and Pop shops will charge less when using cash for that very reason? Gas stations even advertise cash rates for gas.

    Ignorance and arrogance are a horrible combo.

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