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 Replies: 24 / Views: 4,103 |
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Bedrock of the Community
13014 Posts |
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I have seen several vending machines that take debit/credit. I assume as each old one dies, its replacement will have the electronic payment option. Im sure its just a matter of time before they all have it. It always seemed like it would be easy to add that option, I cant count the number of times I've wished it took credit when it would be spitting my only 1 dollar bill back at me over and over again. Quote:
Cash is still king, and I can't see that changing in the next 100 years (I just don't think that the public would tolerate such a breach of human rights as withdrawing their financial freedom to use cash) I personally use cash for 99% of my transactions and while cards/bank are good for some things I avoid plastic for all but major purchases. For small purchases it probably is, but credit is used a lot. I do agree though I dont think well be seeing an all electronic monetary system for generations if ever. Personally I use the credit card for everything because of the cash back rewards, I always pay it off in full every month so its basically like getting a discount everywhere to me. |
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Bedrock of the Community
United States
20753 Posts |
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I wonder if vending machines will ever take plastic,I know in my area parking meters already do ! At gas stations in most areas, you just use a credit card at the pump now. At a kids place called Enchanted Castle you have to chanage you money into their tokens since that is all their machines take. In many places you can get change in bills by inserting a credit card into a machine. Sort of like a ATM only in more places lately. A freind of mine has a small vending machine company and he is now looking into changing most or all his into cash or credit cards. If you really look around you will see more and more machines that will take credit cards. All forms of cash are just doomed. Why would anyone want to run all over the World trying to figure out the monitary system in other countries when a simple piece of plastic will do all that. |
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Pillar of the Community
United States
655 Posts |
I don't see cash as being doomed as long as there remain questions about the reliability of the internet. If all of my money lived electronically and the only way to access it was via a magnetic card and terminal then I would have been in more than just a little bit of trouble the week after Sandy hit. Besides what we collect then? Magnetic cards? No thanks.  Bob |
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Moderator
 United States
189222 Posts |
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No $75 holds when you pay cash for gas! The hold for gas is only $1, not $75; at least for my gas stations and on my card. I always thought it was higher, but I discovered this when my online account started showing holds and pending transactions. Regardless, your other points are valid.  |
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Bedrock of the Community
United States
20753 Posts |
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The hold for gas is only $1, not $75; at least for my gas stations and on my card. I always thought it was higher, but I discovered this when my online account started showing holds and pending transactions.
Not sure what this is about. I have a BOA Credit card that gives me 1% back on all purchases except 2% back on food and 3% back on gasoline. No holds, no annual fees, no nothing, just cash back. Fantastic reason not to use cash or any kind anymore. Another card I have gives me 2% back on everything but is only redeemable at their stores. Target Stores are advertising you save 5% on everything if you use their card. More and more places are giving such insetives making the usage of currency or coins a not so good idea anymore. And as I've mentioned before, imagine going to other countries and never having to worry about what is the monitary system there. |
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Moderator
United States
189222 Posts |
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Not sure what this is about. The hold is what is used to make sure that the card is valid before dispensing the gasoline. I think larger holds were used in the past to make sure the card would not go over the credit limit, but I think all cards now will allow one to exceed their limit (for a hefty fee, of course). |
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Valued Member
United States
86 Posts |
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And as I've mentioned before, imagine going to other countries and never having to worry about what is the monitary system there.
When traveling abroad I've always preferred hard currency to using plastic. In an all electronic future I'm not to sure how comfortable I'm going to be giving up my bank account to a foreign system. Learning the local buying power is a key experience of traveling abroad. IMHO the EU has shown just how problematic a multi-national currency is. I don't see a New World Order all plastic economy happening. Also; Quote:
I come from, and miss, the days when the government - rightfully so- worked for us - not on us as they do nowadays.
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Pillar of the Community
United States
979 Posts |
"What does it show about our country when we spend more to make each coin(penny and nickel) than their face value is actually worth and where both political sides argue about where to find extra cash to curb the budget "
I bring this up all the time.... Its a no brainer, too bad so is the government
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Bedrock of the Community
United States
20753 Posts |
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"What does it show about our country when we spend more to make each coin(penny and nickel) than their face value is actually worth and where both political sides argue about where to find extra cash to curb the budget "
Recently it was said on TV that Congressmen make about $175,000/year. And that does not include expense accounts and lots of other little things like all the parties paid for by taxes. So just why would or should they worry about the cost of making coins? Just how many people do you know that make that much money? And if you do know someone like that, ask them if they worry about the cost of making a penny. |
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Replies: 24 / Views: 4,103 |
First Page
Posted 12/01/2012 5:58 pm
