As digital payments become increasingly popular in Australia, many have experienced the convenience of skipping cash transactions and tapping their cards into machines or using their phones to make payments instead.

But according to a pro-cash advocate, this 'cashless society' that we've all jumped into in recent years is costing businesses and customers thousands of dollars a year.

Jason Bryce—the coordinator of the Cash Welcome campaign—said that the average fee for an EFTPOS machine is around $200 a month, and for some businesses that use multiple machines, those fees quickly add up.

'It costs thousands of dollars a month for a standard, average business like this one, a coffee shop behind me, to accept card payments,' Bryce said as he was speaking outside of Footscray Doughnuts and Coffee in Melbourne’s west.

Pro-cash advocate Jason Bryce said that banks and businesses should offer cash payments. Credit: Unsplash

'And if your volume goes down, your fees go up. So whatever happens, the bank or the phone company, the telco, is clipping the ticket on the way through.'

'Sure, lots of people like to tap and go, but there's some times when we all need to use cash, and some people use cash every single day.'

It’s not just businesses that are losing out either; customers are also paying a higher price for purchases due to the surcharge fees that some businesses pass on to them.

Bryce has been campaigning on behalf of cash movement since both his bank and local supermarket discontinued cash payments throughout the COVID-19 pandemic.

Cash transactions have declined since the pandemic, while some businesses and bank branches refuse to accept physical currency transactions.

Bryce said that businesses ‘need to be able to accept cash’ as they would save ‘thousands’ of costs on monthly fees and transactions.

He added that people use cash to budget and save money when they are tightening their spending due to the rising interest rates.

‘(Cash) is just getting too hard to get, bank branches are closing, ATMs are closing and as soon as there is an outage, we are stuck,’ Bryce said.

'Our economy isn't inclusive anymore.’

'Without cash, our economy is weaker because retailers and consumers are more vulnerable to computer failures, bank system outages and even online criminals.'

According to Bryce, the Optus outage was a ‘big wake-up call’ for Australian businesses and customers.

Business owners were stranded in their operations due to no mobile reception or broadband last 8 November when the telecommunication giant had an outage.

Some businesses reported issues communicating with customers and accepting digital payments, while others were forced to close that day. The outage affected at least 10 million customers.

Mt Druitt service centre ANZCO Automotive informed its customers that they had to close their shop that day.

‘For the time being, we will not be operating. Due to this outage, our entire system is not operating,’ its business owners announced.

Another business, Stewy the Snake Catcher on the Gold Coast, said to his followers that he was not spared by the outage.

'We are aware of a major outage across the Optus network, and I myself am with Optus' he said.

'We apologise in advance if you try to get through to us this morning and are having trouble. Hopefully, they rectify the issue ASAP.'

Bryce has a petition that currently has over 150,000 signatures on it since March. It calls for Australians to ‘have reasonable local access to cash and full banking services’ and to ‘choose cash when paying for food and essentials at physical retailers'.

Jason Bryce’s petition garnered more than 150,000. Credit: change.org

The petition reads, ‘We will win this war on cash if we can keep going, pushing governments to protect our rights.’

'Other countries are protecting cash, and Australia must follow.'

Australia already lags behind the United Kingdom, the European Union, and the United States, who have all recently backed legislation that protects the people’s right to use cash.

'We need to be able to choose how we pay for stuff, whether it be tapping or whether it be cash,' Bryce said.

Key Takeaways

• Pro-cash advocate Jason Bryce has warned against Australia becoming a cashless society, arguing it's costing businesses and customers money through card payment fees.
• According to Bryce, EFTPOS machines could be costing businesses around $200 a month due to monthly fees and surcharges, significantly impacting small businesses.
• Bryce argues that cash is vital for consumers to effectively budget and save money and highlights the vulnerability to technological failures and online criminal activity in a cashless society.
• A petition started by Bryce calling for the right to use cash and for businesses and banks to support cash payments has garnered 150,000 signatures since March.
  

What do you think of this story? Do you agree with Bryce to have cash payments for in-person transactions, or do you prefer a ‘cashless society’? Share your thoughts in the comments below!

 

[IAN3005]

As digital payments become increasingly popular in Australia, many have experienced the convenience of skipping cash transactions and tapping their cards into machines or using their phones to make payments instead.

But according to a pro-cash advocate, this 'cashless society' that we've all jumped into in recent years is costing businesses and customers thousands of dollars a year.

Jason Bryce—the coordinator of the Cash Welcome campaign—said that the average fee for an EFTPOS machine is around $200 a month, and for some businesses that use multiple machines, those fees quickly add up.

'It costs thousands of dollars a month for a standard, average business like this one, a coffee shop behind me, to accept card payments,' Bryce said as he was speaking outside of Footscray Doughnuts and Coffee in Melbourne’s west.

View attachment 34777

Pro-cash advocate Jason Bryce said that banks and businesses should offer cash payments. Credit: Unsplash

'And if your volume goes down, your fees go up. So whatever happens, the bank or the phone company, the telco, is clipping the ticket on the way through.'

'Sure, lots of people like to tap and go, but there's some times when we all need to use cash, and some people use cash every single day.'

It’s not just businesses that are losing out either; customers are also paying a higher price for purchases due to the surcharge fees that some businesses pass on to them.

Bryce has been campaigning on behalf of cash movement since both his bank and local supermarket discontinued cash payments throughout the COVID-19 pandemic.

Cash transactions have declined since the pandemic, while some businesses and bank branches refuse to accept physical currency transactions.

Bryce said that businesses ‘need to be able to accept cash’ as they would save ‘thousands’ of costs on monthly fees and transactions.

He added that people use cash to budget and save money when they are tightening their spending due to the rising interest rates.

‘(Cash) is just getting too hard to get, bank branches are closing, ATMs are closing and as soon as there is an outage, we are stuck,’ Bryce said.

'Our economy isn't inclusive anymore.’

'Without cash, our economy is weaker because retailers and consumers are more vulnerable to computer failures, bank system outages and even online criminals.'

According to Bryce, the Optus outage was a ‘big wake-up call’ for Australian businesses and customers.

Business owners were stranded in their operations due to no mobile reception or broadband last 8 November when the telecommunication giant had an outage.

Some businesses reported issues communicating with customers and accepting digital payments, while others were forced to close that day. The outage affected at least 10 million customers.

Mt Druitt service centre ANZCO Automotive informed its customers that they had to close their shop that day.

‘For the time being, we will not be operating. Due to this outage, our entire system is not operating,’ its business owners announced.

Another business, Stewy the Snake Catcher on the Gold Coast, said to his followers that he was not spared by the outage.

'We are aware of a major outage across the Optus network, and I myself am with Optus' he said.

'We apologise in advance if you try to get through to us this morning and are having trouble. Hopefully, they rectify the issue ASAP.'

Bryce has a petition that currently has over 150,000 signatures on it since March. It calls for Australians to ‘have reasonable local access to cash and full banking services’ and to ‘choose cash when paying for food and essentials at physical retailers'.

View attachment 34776

Jason Bryce’s petition garnered more than 150,000. Credit: change.org

The petition reads, ‘We will win this war on cash if we can keep going, pushing governments to protect our rights.’

'Other countries are protecting cash, and Australia must follow.'

Australia already lags behind the United Kingdom, the European Union, and the United States, who have all recently backed legislation that protects the people’s right to use cash.

'We need to be able to choose how we pay for stuff, whether it be tapping or whether it be cash,' Bryce said.

Key Takeaways

• Pro-cash advocate Jason Bryce has warned against Australia becoming a cashless society, arguing it's costing businesses and customers money through card payment fees.
• According to Bryce, EFTPOS machines could be costing businesses around $200 a month due to monthly fees and surcharges, significantly impacting small businesses.
• Bryce argues that cash is vital for consumers to effectively budget and save money and highlights the vulnerability to technological failures and online criminal activity in a cashless society.
• A petition started by Bryce calling for the right to use cash and for businesses and banks to support cash payments has garnered 150,000 signatures since March.

What do you think of this story? Do you agree with Bryce to have cash payments for in-person transactions, or do you prefer a ‘cashless society’? Share your thoughts in the comments below!

It's here to stay and prices will rise and bank profits will increase.

 

[IAN3005]

It's here to stay and prices will rise and bank profits will increase.

It's here to stay and prices will rise and bank profits will increase.

Because the are lazy SOB's

 

[jojo3241]

Cash is king!

 

[oldchook58]

I use cash all the time to pay for things. It amuses me when I make a payment and they say "oh, you paying with cash"? and sometimes I get a funny look like no one else uses cash. I say yes and usually I have the coins to make small purchases (bakery, newsagent) and give them the exact amount. Sometimes I use my card to tap and go but if I can pay with cash I do. It's my choice on how I pay for my purchases, one no elses.

 

[BillW41]

As digital payments become increasingly popular in Australia, many have experienced the convenience of skipping cash transactions and tapping their cards into machines or using their phones to make payments instead.

But according to a pro-cash advocate, this 'cashless society' that we've all jumped into in recent years is costing businesses and customers thousands of dollars a year.

Jason Bryce—the coordinator of the Cash Welcome campaign—said that the average fee for an EFTPOS machine is around $200 a month, and for some businesses that use multiple machines, those fees quickly add up.

'It costs thousands of dollars a month for a standard, average business like this one, a coffee shop behind me, to accept card payments,' Bryce said as he was speaking outside of Footscray Doughnuts and Coffee in Melbourne’s west.

View attachment 34777

Pro-cash advocate Jason Bryce said that banks and businesses should offer cash payments. Credit: Unsplash

'And if your volume goes down, your fees go up. So whatever happens, the bank or the phone company, the telco, is clipping the ticket on the way through.'

'Sure, lots of people like to tap and go, but there's some times when we all need to use cash, and some people use cash every single day.'

It’s not just businesses that are losing out either; customers are also paying a higher price for purchases due to the surcharge fees that some businesses pass on to them.

Bryce has been campaigning on behalf of cash movement since both his bank and local supermarket discontinued cash payments throughout the COVID-19 pandemic.

Cash transactions have declined since the pandemic, while some businesses and bank branches refuse to accept physical currency transactions.

Bryce said that businesses ‘need to be able to accept cash’ as they would save ‘thousands’ of costs on monthly fees and transactions.

He added that people use cash to budget and save money when they are tightening their spending due to the rising interest rates.

‘(Cash) is just getting too hard to get, bank branches are closing, ATMs are closing and as soon as there is an outage, we are stuck,’ Bryce said.

'Our economy isn't inclusive anymore.’

'Without cash, our economy is weaker because retailers and consumers are more vulnerable to computer failures, bank system outages and even online criminals.'

According to Bryce, the Optus outage was a ‘big wake-up call’ for Australian businesses and customers.

Business owners were stranded in their operations due to no mobile reception or broadband last 8 November when the telecommunication giant had an outage.

Some businesses reported issues communicating with customers and accepting digital payments, while others were forced to close that day. The outage affected at least 10 million customers.

Mt Druitt service centre ANZCO Automotive informed its customers that they had to close their shop that day.

‘For the time being, we will not be operating. Due to this outage, our entire system is not operating,’ its business owners announced.

Another business, Stewy the Snake Catcher on the Gold Coast, said to his followers that he was not spared by the outage.

'We are aware of a major outage across the Optus network, and I myself am with Optus' he said.

'We apologise in advance if you try to get through to us this morning and are having trouble. Hopefully, they rectify the issue ASAP.'

Bryce has a petition that currently has over 150,000 signatures on it since March. It calls for Australians to ‘have reasonable local access to cash and full banking services’ and to ‘choose cash when paying for food and essentials at physical retailers'.

View attachment 34776

Jason Bryce’s petition garnered more than 150,000. Credit: change.org

The petition reads, ‘We will win this war on cash if we can keep going, pushing governments to protect our rights.’

'Other countries are protecting cash, and Australia must follow.'

Australia already lags behind the United Kingdom, the European Union, and the United States, who have all recently backed legislation that protects the people’s right to use cash.

'We need to be able to choose how we pay for stuff, whether it be tapping or whether it be cash,' Bryce said.

Key Takeaways

• Pro-cash advocate Jason Bryce has warned against Australia becoming a cashless society, arguing it's costing businesses and customers money through card payment fees.
• According to Bryce, EFTPOS machines could be costing businesses around $200 a month due to monthly fees and surcharges, significantly impacting small businesses.
• Bryce argues that cash is vital for consumers to effectively budget and save money and highlights the vulnerability to technological failures and online criminal activity in a cashless society.
• A petition started by Bryce calling for the right to use cash and for businesses and banks to support cash payments has garnered 150,000 signatures since March.

What do you think of this story? Do you agree with Bryce to have cash payments for in-person transactions, or do you prefer a ‘cashless society’? Share your thoughts in the comments below!

I have raised a couple of issues with the Reserve Bank lately querying apparently forgotten rules from when cards were first introduced, but can't get a straight answer. Merchants were advised that the fees banks charged them should be regarded as tax-deductible insurance premiums to guard against potential losses through cash theft. Minimal reimbursement fees from customers are allowed on credit cards, but were not intended to apply to debit cards where cheque or savings accounts are used for payment. However, I've noticed lately that almost all cards are being levied a fee, prompting me to use cash more often. I'm a retired banker.

 

[oldchook58]

I have raised a couple of issues with the Reserve Bank lately querying apparently forgotten rules from when cards were first introduced, but can't get a straight answer. Merchants were advised that the fees banks charged them should be regarded as tax-deductible insurance premiums to guard against potential losses through cash theft. Minimal reimbursement fees from customers are allowed on credit cards, but were not intended to apply to debit cards where cheque or savings accounts are used for payment. However, I've noticed lately that almost all cards are being levied a fee, prompting me to use cash more often. I'm a retired banker.

Looks like the goal posts have been moved!

 

[Annna]

It's here to stay and prices will rise and bank profits will increase.

Do nothing and yes, they will.

 

[Annna]

I use cash all the time to pay for things. It amuses me when I make a payment and they say "oh, you paying with cash"? and sometimes I get a funny look like no one else uses cash. I say yes and usually I have the coins to make small purchases (bakery, newsagent) and give them the exact amount. Sometimes I use my card to tap and go but if I can pay with cash I do. It's my choice on how I pay for my purchases, one no elses.

Onya!

 

[Veggiepatch]

I have raised a couple of issues with the Reserve Bank lately querying apparently forgotten rules from when cards were first introduced, but can't get a straight answer. Merchants were advised that the fees banks charged them should be regarded as tax-deductible insurance premiums to guard against potential losses through cash theft. Minimal reimbursement fees from customers are allowed on credit cards, but were not intended to apply to debit cards where cheque or savings accounts are used for payment. However, I've noticed lately that almost all cards are being levied a fee, prompting me to use cash more often. I'm a retired banker.

A well informed post. Thank you!

 

[Annna]

Readers, if you're in favour of using cash, KEEP DOING IT.

I am.

 

[RieTreesSilver]

As a small family business owner we are always happy to accept "real money" and i keep telling people that i will do so until I receive something in writing from the RBA. As a study done during COVID (not sure by who) found nearly half a million people still have only a passbook account and they are not all "more traveled" like us

 

[Sheenagh]

As digital payments become increasingly popular in Australia, many have experienced the convenience of skipping cash transactions and tapping their cards into machines or using their phones to make payments instead.

But according to a pro-cash advocate, this 'cashless society' that we've all jumped into in recent years is costing businesses and customers thousands of dollars a year.

Jason Bryce—the coordinator of the Cash Welcome campaign—said that the average fee for an EFTPOS machine is around $200 a month, and for some businesses that use multiple machines, those fees quickly add up.

'It costs thousands of dollars a month for a standard, average business like this one, a coffee shop behind me, to accept card payments,' Bryce said as he was speaking outside of Footscray Doughnuts and Coffee in Melbourne’s west.

View attachment 34777

Pro-cash advocate Jason Bryce said that banks and businesses should offer cash payments. Credit: Unsplash

'And if your volume goes down, your fees go up. So whatever happens, the bank or the phone company, the telco, is clipping the ticket on the way through.'

'Sure, lots of people like to tap and go, but there's some times when we all need to use cash, and some people use cash every single day.'

It’s not just businesses that are losing out either; customers are also paying a higher price for purchases due to the surcharge fees that some businesses pass on to them.

Bryce has been campaigning on behalf of cash movement since both his bank and local supermarket discontinued cash payments throughout the COVID-19 pandemic.

Cash transactions have declined since the pandemic, while some businesses and bank branches refuse to accept physical currency transactions.

Bryce said that businesses ‘need to be able to accept cash’ as they would save ‘thousands’ of costs on monthly fees and transactions.

He added that people use cash to budget and save money when they are tightening their spending due to the rising interest rates.

‘(Cash) is just getting too hard to get, bank branches are closing, ATMs are closing and as soon as there is an outage, we are stuck,’ Bryce said.

'Our economy isn't inclusive anymore.’

'Without cash, our economy is weaker because retailers and consumers are more vulnerable to computer failures, bank system outages and even online criminals.'

According to Bryce, the Optus outage was a ‘big wake-up call’ for Australian businesses and customers.

Business owners were stranded in their operations due to no mobile reception or broadband last 8 November when the telecommunication giant had an outage.

Some businesses reported issues communicating with customers and accepting digital payments, while others were forced to close that day. The outage affected at least 10 million customers.

Mt Druitt service centre ANZCO Automotive informed its customers that they had to close their shop that day.

‘For the time being, we will not be operating. Due to this outage, our entire system is not operating,’ its business owners announced.

Another business, Stewy the Snake Catcher on the Gold Coast, said to his followers that he was not spared by the outage.

'We are aware of a major outage across the Optus network, and I myself am with Optus' he said.

'We apologise in advance if you try to get through to us this morning and are having trouble. Hopefully, they rectify the issue ASAP.'

Bryce has a petition that currently has over 150,000 signatures on it since March. It calls for Australians to ‘have reasonable local access to cash and full banking services’ and to ‘choose cash when paying for food and essentials at physical retailers'.

View attachment 34776

Jason Bryce’s petition garnered more than 150,000. Credit: change.org

The petition reads, ‘We will win this war on cash if we can keep going, pushing governments to protect our rights.’

'Other countries are protecting cash, and Australia must follow.'

Australia already lags behind the United Kingdom, the European Union, and the United States, who have all recently backed legislation that protects the people’s right to use cash.

'We need to be able to choose how we pay for stuff, whether it be tapping or whether it be cash,' Bryce said.

Key Takeaways

• Pro-cash advocate Jason Bryce has warned against Australia becoming a cashless society, arguing it's costing businesses and customers money through card payment fees.
• According to Bryce, EFTPOS machines could be costing businesses around $200 a month due to monthly fees and surcharges, significantly impacting small businesses.
• Bryce argues that cash is vital for consumers to effectively budget and save money and highlights the vulnerability to technological failures and online criminal activity in a cashless society.
• A petition started by Bryce calling for the right to use cash and for businesses and banks to support cash payments has garnered 150,000 signatures since March.

What do you think of this story? Do you agree with Bryce to have cash payments for in-person transactions, or do you prefer a ‘cashless society’? Share your thoughts in the comments below!

Just a reminder Bryce that most of the banks/other financial institutions (80+) are in bed with Australia Post. The exception is the ANZ Bank who state "it costs them too much to get into bed with Post". Well some one at the ANZ is telling lies - (1) how much money are they saving from not having so many staff and all of the costs associated with having employees; (2) how much money are they saving but not paying leases on premises; (3) how much money are they saving by not having to pay utility bills and by doing all of the above they are not supporting the Australian economy. Now lets talk about the BENDIGO BANK - you know the one, the COMMUNITY BANK. The BB charge their customers who use the Australia Post facility to withdraw cash a $4 fee. This is not an Australia Post fee, its a fee that the Bendigo Bank has agreed will be paid when their customers use the Australia Post service. So when the BB customer asks to withdraw $40 using the terminal at an Australia Post outlet the customer gets $40 (not $36) but they can see the charge on their statement for the $4 - NOT SO COMMUNITY NOW HEY? Bryce is correct in calling for the right to use cash - CASH is a necessary part of the Australian way. So long as cash remains legal tender, no one should be turned away or refused. With less banking facilities and branches the elderly or vulnerable in our community is at greater risk of violence/theft/harassment. The summary here: by only using cards our movements/lifestyle can be tracked and abused and this country can not protect any of us from cyber attacks as our systems are so terribly weak. I for one will not stop using cash.

 

[jo jos]

As digital payments become increasingly popular in Australia, many have experienced the convenience of skipping cash transactions and tapping their cards into machines or using their phones to make payments instead.

But according to a pro-cash advocate, this 'cashless society' that we've all jumped into in recent years is costing businesses and customers thousands of dollars a year.

Jason Bryce—the coordinator of the Cash Welcome campaign—said that the average fee for an EFTPOS machine is around $200 a month, and for some businesses that use multiple machines, those fees quickly add up.

'It costs thousands of dollars a month for a standard, average business like this one, a coffee shop behind me, to accept card payments,' Bryce said as he was speaking outside of Footscray Doughnuts and Coffee in Melbourne’s west.

View attachment 34777

Pro-cash advocate Jason Bryce said that banks and businesses should offer cash payments. Credit: Unsplash

'And if your volume goes down, your fees go up. So whatever happens, the bank or the phone company, the telco, is clipping the ticket on the way through.'

'Sure, lots of people like to tap and go, but there's some times when we all need to use cash, and some people use cash every single day.'

It’s not just businesses that are losing out either; customers are also paying a higher price for purchases due to the surcharge fees that some businesses pass on to them.

Bryce has been campaigning on behalf of cash movement since both his bank and local supermarket discontinued cash payments throughout the COVID-19 pandemic.

Cash transactions have declined since the pandemic, while some businesses and bank branches refuse to accept physical currency transactions.

Bryce said that businesses ‘need to be able to accept cash’ as they would save ‘thousands’ of costs on monthly fees and transactions.

He added that people use cash to budget and save money when they are tightening their spending due to the rising interest rates.

‘(Cash) is just getting too hard to get, bank branches are closing, ATMs are closing and as soon as there is an outage, we are stuck,’ Bryce said.

'Our economy isn't inclusive anymore.’

'Without cash, our economy is weaker because retailers and consumers are more vulnerable to computer failures, bank system outages and even online criminals.'

According to Bryce, the Optus outage was a ‘big wake-up call’ for Australian businesses and customers.

Business owners were stranded in their operations due to no mobile reception or broadband last 8 November when the telecommunication giant had an outage.

Some businesses reported issues communicating with customers and accepting digital payments, while others were forced to close that day. The outage affected at least 10 million customers.

Mt Druitt service centre ANZCO Automotive informed its customers that they had to close their shop that day.

‘For the time being, we will not be operating. Due to this outage, our entire system is not operating,’ its business owners announced.

Another business, Stewy the Snake Catcher on the Gold Coast, said to his followers that he was not spared by the outage.

'We are aware of a major outage across the Optus network, and I myself am with Optus' he said.

'We apologise in advance if you try to get through to us this morning and are having trouble. Hopefully, they rectify the issue ASAP.'

Bryce has a petition that currently has over 150,000 signatures on it since March. It calls for Australians to ‘have reasonable local access to cash and full banking services’ and to ‘choose cash when paying for food and essentials at physical retailers'.

View attachment 34776

Jason Bryce’s petition garnered more than 150,000. Credit: change.org

The petition reads, ‘We will win this war on cash if we can keep going, pushing governments to protect our rights.’

'Other countries are protecting cash, and Australia must follow.'

Australia already lags behind the United Kingdom, the European Union, and the United States, who have all recently backed legislation that protects the people’s right to use cash.

'We need to be able to choose how we pay for stuff, whether it be tapping or whether it be cash,' Bryce said.

Key Takeaways

• Pro-cash advocate Jason Bryce has warned against Australia becoming a cashless society, arguing it's costing businesses and customers money through card payment fees.
• According to Bryce, EFTPOS machines could be costing businesses around $200 a month due to monthly fees and surcharges, significantly impacting small businesses.
• Bryce argues that cash is vital for consumers to effectively budget and save money and highlights the vulnerability to technological failures and online criminal activity in a cashless society.
• A petition started by Bryce calling for the right to use cash and for businesses and banks to support cash payments has garnered 150,000 signatures since March.

What do you think of this story? Do you agree with Bryce to have cash payments for in-person transactions, or do you prefer a ‘cashless society’? Share your thoughts in the comments below!

Banks have control of your money when using EFTOS or credit. I wish to be in total control with my money so I know at all times what I can afford without going back online to check how much money I have left. Still cheaper using cash vs card. Business only add their non-cash machines expenses onto their goods. Cash still talks better than card.

 

[goatwhisperer]

As digital payments become increasingly popular in Australia, many have experienced the convenience of skipping cash transactions and tapping their cards into machines or using their phones to make payments instead.

But according to a pro-cash advocate, this 'cashless society' that we've all jumped into in recent years is costing businesses and customers thousands of dollars a year.

Jason Bryce—the coordinator of the Cash Welcome campaign—said that the average fee for an EFTPOS machine is around $200 a month, and for some businesses that use multiple machines, those fees quickly add up.

'It costs thousands of dollars a month for a standard, average business like this one, a coffee shop behind me, to accept card payments,' Bryce said as he was speaking outside of Footscray Doughnuts and Coffee in Melbourne’s west.

View attachment 34777

Pro-cash advocate Jason Bryce said that banks and businesses should offer cash payments. Credit: Unsplash

'And if your volume goes down, your fees go up. So whatever happens, the bank or the phone company, the telco, is clipping the ticket on the way through.'

'Sure, lots of people like to tap and go, but there's some times when we all need to use cash, and some people use cash every single day.'

It’s not just businesses that are losing out either; customers are also paying a higher price for purchases due to the surcharge fees that some businesses pass on to them.

Bryce has been campaigning on behalf of cash movement since both his bank and local supermarket discontinued cash payments throughout the COVID-19 pandemic.

Cash transactions have declined since the pandemic, while some businesses and bank branches refuse to accept physical currency transactions.

Bryce said that businesses ‘need to be able to accept cash’ as they would save ‘thousands’ of costs on monthly fees and transactions.

He added that people use cash to budget and save money when they are tightening their spending due to the rising interest rates.

‘(Cash) is just getting too hard to get, bank branches are closing, ATMs are closing and as soon as there is an outage, we are stuck,’ Bryce said.

'Our economy isn't inclusive anymore.’

'Without cash, our economy is weaker because retailers and consumers are more vulnerable to computer failures, bank system outages and even online criminals.'

According to Bryce, the Optus outage was a ‘big wake-up call’ for Australian businesses and customers.

Business owners were stranded in their operations due to no mobile reception or broadband last 8 November when the telecommunication giant had an outage.

Some businesses reported issues communicating with customers and accepting digital payments, while others were forced to close that day. The outage affected at least 10 million customers.

Mt Druitt service centre ANZCO Automotive informed its customers that they had to close their shop that day.

‘For the time being, we will not be operating. Due to this outage, our entire system is not operating,’ its business owners announced.

Another business, Stewy the Snake Catcher on the Gold Coast, said to his followers that he was not spared by the outage.

'We are aware of a major outage across the Optus network, and I myself am with Optus' he said.

'We apologise in advance if you try to get through to us this morning and are having trouble. Hopefully, they rectify the issue ASAP.'

Bryce has a petition that currently has over 150,000 signatures on it since March. It calls for Australians to ‘have reasonable local access to cash and full banking services’ and to ‘choose cash when paying for food and essentials at physical retailers'.

View attachment 34776

Jason Bryce’s petition garnered more than 150,000. Credit: change.org

The petition reads, ‘We will win this war on cash if we can keep going, pushing governments to protect our rights.’

'Other countries are protecting cash, and Australia must follow.'

Australia already lags behind the United Kingdom, the European Union, and the United States, who have all recently backed legislation that protects the people’s right to use cash.

'We need to be able to choose how we pay for stuff, whether it be tapping or whether it be cash,' Bryce said.

Key Takeaways

• Pro-cash advocate Jason Bryce has warned against Australia becoming a cashless society, arguing it's costing businesses and customers money through card payment fees.
• According to Bryce, EFTPOS machines could be costing businesses around $200 a month due to monthly fees and surcharges, significantly impacting small businesses.
• Bryce argues that cash is vital for consumers to effectively budget and save money and highlights the vulnerability to technological failures and online criminal activity in a cashless society.
• A petition started by Bryce calling for the right to use cash and for businesses and banks to support cash payments has garnered 150,000 signatures since March.

What do you think of this story? Do you agree with Bryce to have cash payments for in-person transactions, or do you prefer a ‘cashless society’? Share your thoughts in the comments below!

Amen to that! A big fat NO to a cashless society!

 

[Kelpie]

Readers, if you're in favour of using cash, KEEP DOING IT.

I am.

True and I agree with you 100% but let me tell you of a story which happened the other day to a friend of mine. He went to do a shopping the other day he didn't sy if it waas Harvey Normn or where else and he bought something fgor around $1,200.00 and he went to pay in cash and the business teller told him that they weren't allowed to take cash anymore. So he walked out without his purchase because he refused to use his card.
The Banks and the estremely weak Treasurer let alone the Assistant Treasurer they are as weak and piss and twice as saulty because they haven't got the guts (The Balls) to stand up to the Banks. And that is a fact.
Banks control everything and they will continue to do so and roam free until we will have a Government with the balls to say enough is enough and open another Bank, The Likes Of Australia Post whcih can be tweaked over at the sanp of a finger to run and compete against them. Competition is what makes every Democracy and against Monopolies but they are stopping it on it's tracks.

 

[Kelpie]

As digital payments become increasingly popular in Australia, many have experienced the convenience of skipping cash transactions and tapping their cards into machines or using their phones to make payments instead.

But according to a pro-cash advocate, this 'cashless society' that we've all jumped into in recent years is costing businesses and customers thousands of dollars a year.

Jason Bryce—the coordinator of the Cash Welcome campaign—said that the average fee for an EFTPOS machine is around $200 a month, and for some businesses that use multiple machines, those fees quickly add up.

'It costs thousands of dollars a month for a standard, average business like this one, a coffee shop behind me, to accept card payments,' Bryce said as he was speaking outside of Footscray Doughnuts and Coffee in Melbourne’s west.

View attachment 34777

Pro-cash advocate Jason Bryce said that banks and businesses should offer cash payments. Credit: Unsplash

'And if your volume goes down, your fees go up. So whatever happens, the bank or the phone company, the telco, is clipping the ticket on the way through.'

'Sure, lots of people like to tap and go, but there's some times when we all need to use cash, and some people use cash every single day.'

It’s not just businesses that are losing out either; customers are also paying a higher price for purchases due to the surcharge fees that some businesses pass on to them.

Bryce has been campaigning on behalf of cash movement since both his bank and local supermarket discontinued cash payments throughout the COVID-19 pandemic.

Cash transactions have declined since the pandemic, while some businesses and bank branches refuse to accept physical currency transactions.

Bryce said that businesses ‘need to be able to accept cash’ as they would save ‘thousands’ of costs on monthly fees and transactions.

He added that people use cash to budget and save money when they are tightening their spending due to the rising interest rates.

‘(Cash) is just getting too hard to get, bank branches are closing, ATMs are closing and as soon as there is an outage, we are stuck,’ Bryce said.

'Our economy isn't inclusive anymore.’

'Without cash, our economy is weaker because retailers and consumers are more vulnerable to computer failures, bank system outages and even online criminals.'

According to Bryce, the Optus outage was a ‘big wake-up call’ for Australian businesses and customers.

Business owners were stranded in their operations due to no mobile reception or broadband last 8 November when the telecommunication giant had an outage.

Some businesses reported issues communicating with customers and accepting digital payments, while others were forced to close that day. The outage affected at least 10 million customers.

Mt Druitt service centre ANZCO Automotive informed its customers that they had to close their shop that day.

‘For the time being, we will not be operating. Due to this outage, our entire system is not operating,’ its business owners announced.

Another business, Stewy the Snake Catcher on the Gold Coast, said to his followers that he was not spared by the outage.

'We are aware of a major outage across the Optus network, and I myself am with Optus' he said.

'We apologise in advance if you try to get through to us this morning and are having trouble. Hopefully, they rectify the issue ASAP.'

Bryce has a petition that currently has over 150,000 signatures on it since March. It calls for Australians to ‘have reasonable local access to cash and full banking services’ and to ‘choose cash when paying for food and essentials at physical retailers'.

View attachment 34776

Jason Bryce’s petition garnered more than 150,000. Credit: change.org

The petition reads, ‘We will win this war on cash if we can keep going, pushing governments to protect our rights.’

'Other countries are protecting cash, and Australia must follow.'

Australia already lags behind the United Kingdom, the European Union, and the United States, who have all recently backed legislation that protects the people’s right to use cash.

'We need to be able to choose how we pay for stuff, whether it be tapping or whether it be cash,' Bryce said.

Key Takeaways

• Pro-cash advocate Jason Bryce has warned against Australia becoming a cashless society, arguing it's costing businesses and customers money through card payment fees.
• According to Bryce, EFTPOS machines could be costing businesses around $200 a month due to monthly fees and surcharges, significantly impacting small businesses.
• Bryce argues that cash is vital for consumers to effectively budget and save money and highlights the vulnerability to technological failures and online criminal activity in a cashless society.
• A petition started by Bryce calling for the right to use cash and for businesses and banks to support cash payments has garnered 150,000 signatures since March.

What do you think of this story? Do you agree with Bryce to have cash payments for in-person transactions, or do you prefer a ‘cashless society’? Share your thoughts in the comments below!

What is the matter with this Government and it's Treasurer, I wonder.!!

Is he so blind to see that what has been proposed is only to benefits the Big Banks and afew others.?
Has he a real method in his madness that he can't see wat is going on all at the disadvantage of the people who put him in there in the first place.?
Is he that blind enough or blindfoled that he cannot see what happened the other days when Optus went into shutdown and cost millions of dollar to the economy let alone business people loosing thousand if dollars and the inconveninece it created to every Tom Dick and Harry who could not do ay shopping nor even allowed thgem to buy their own urgent needs and medications.?
Is he also that blind that he can't see that while the Banks are closing more and more branches in order to make more and more profits and even reducing smaller towns and municipalities to ghost towns, is causing huge problems for them and even forcning them to travel hundredsof kilometres in round trips to go and see their bankers.?

I WONDER, AND THESE ARE THE PEOPLE WHO ARE SUPPOSEDLY LOOKING AFTER ALL OF US.....DEAR OH ME. ...... SO HELP ME GOD as we all need your help here.

 

[David Otto]

As digital payments become increasingly popular in Australia, many have experienced the convenience of skipping cash transactions and tapping their cards into machines or using their phones to make payments instead.

But according to a pro-cash advocate, this 'cashless society' that we've all jumped into in recent years is costing businesses and customers thousands of dollars a year.

Jason Bryce—the coordinator of the Cash Welcome campaign—said that the average fee for an EFTPOS machine is around $200 a month, and for some businesses that use multiple machines, those fees quickly add up.

'It costs thousands of dollars a month for a standard, average business like this one, a coffee shop behind me, to accept card payments,' Bryce said as he was speaking outside of Footscray Doughnuts and Coffee in Melbourne’s west.

View attachment 34777

Pro-cash advocate Jason Bryce said that banks and businesses should offer cash payments. Credit: Unsplash

'And if your volume goes down, your fees go up. So whatever happens, the bank or the phone company, the telco, is clipping the ticket on the way through.'

'Sure, lots of people like to tap and go, but there's some times when we all need to use cash, and some people use cash every single day.'

It’s not just businesses that are losing out either; customers are also paying a higher price for purchases due to the surcharge fees that some businesses pass on to them.

Bryce has been campaigning on behalf of cash movement since both his bank and local supermarket discontinued cash payments throughout the COVID-19 pandemic.

Cash transactions have declined since the pandemic, while some businesses and bank branches refuse to accept physical currency transactions.

Bryce said that businesses ‘need to be able to accept cash’ as they would save ‘thousands’ of costs on monthly fees and transactions.

He added that people use cash to budget and save money when they are tightening their spending due to the rising interest rates.

‘(Cash) is just getting too hard to get, bank branches are closing, ATMs are closing and as soon as there is an outage, we are stuck,’ Bryce said.

'Our economy isn't inclusive anymore.’

'Without cash, our economy is weaker because retailers and consumers are more vulnerable to computer failures, bank system outages and even online criminals.'

According to Bryce, the Optus outage was a ‘big wake-up call’ for Australian businesses and customers.

Business owners were stranded in their operations due to no mobile reception or broadband last 8 November when the telecommunication giant had an outage.

Some businesses reported issues communicating with customers and accepting digital payments, while others were forced to close that day. The outage affected at least 10 million customers.

Mt Druitt service centre ANZCO Automotive informed its customers that they had to close their shop that day.

‘For the time being, we will not be operating. Due to this outage, our entire system is not operating,’ its business owners announced.

Another business, Stewy the Snake Catcher on the Gold Coast, said to his followers that he was not spared by the outage.

'We are aware of a major outage across the Optus network, and I myself am with Optus' he said.

'We apologise in advance if you try to get through to us this morning and are having trouble. Hopefully, they rectify the issue ASAP.'

Bryce has a petition that currently has over 150,000 signatures on it since March. It calls for Australians to ‘have reasonable local access to cash and full banking services’ and to ‘choose cash when paying for food and essentials at physical retailers'.

View attachment 34776

Jason Bryce’s petition garnered more than 150,000. Credit: change.org

The petition reads, ‘We will win this war on cash if we can keep going, pushing governments to protect our rights.’

'Other countries are protecting cash, and Australia must follow.'

Australia already lags behind the United Kingdom, the European Union, and the United States, who have all recently backed legislation that protects the people’s right to use cash.

'We need to be able to choose how we pay for stuff, whether it be tapping or whether it be cash,' Bryce said.

Key Takeaways

• Pro-cash advocate Jason Bryce has warned against Australia becoming a cashless society, arguing it's costing businesses and customers money through card payment fees.
• According to Bryce, EFTPOS machines could be costing businesses around $200 a month due to monthly fees and surcharges, significantly impacting small businesses.
• Bryce argues that cash is vital for consumers to effectively budget and save money and highlights the vulnerability to technological failures and online criminal activity in a cashless society.
• A petition started by Bryce calling for the right to use cash and for businesses and banks to support cash payments has garnered 150,000 signatures since March.

What do you think of this story? Do you agree with Bryce to have cash payments for in-person transactions, or do you prefer a ‘cashless society’? Share your thoughts in the comments below!

As digital payments become increasingly popular in Australia, many have experienced the convenience of skipping cash transactions and tapping their cards into machines or using their phones to make payments instead.

But according to a pro-cash advocate, this 'cashless society' that we've all jumped into in recent years is costing businesses and customers thousands of dollars a year.

Jason Bryce—the coordinator of the Cash Welcome campaign—said that the average fee for an EFTPOS machine is around $200 a month, and for some businesses that use multiple machines, those fees quickly add up.

'It costs thousands of dollars a month for a standard, average business like this one, a coffee shop behind me, to accept card payments,' Bryce said as he was speaking outside of Footscray Doughnuts and Coffee in Melbourne’s west.

View attachment 34777

Pro-cash advocate Jason Bryce said that banks and businesses should offer cash payments. Credit: Unsplash

'And if your volume goes down, your fees go up. So whatever happens, the bank or the phone company, the telco, is clipping the ticket on the way through.'

'Sure, lots of people like to tap and go, but there's some times when we all need to use cash, and some people use cash every single day.'

It’s not just businesses that are losing out either; customers are also paying a higher price for purchases due to the surcharge fees that some businesses pass on to them.

Bryce has been campaigning on behalf of cash movement since both his bank and local supermarket discontinued cash payments throughout the COVID-19 pandemic.

Cash transactions have declined since the pandemic, while some businesses and bank branches refuse to accept physical currency transactions.

Bryce said that businesses ‘need to be able to accept cash’ as they would save ‘thousands’ of costs on monthly fees and transactions.

He added that people use cash to budget and save money when they are tightening their spending due to the rising interest rates.

‘(Cash) is just getting too hard to get, bank branches are closing, ATMs are closing and as soon as there is an outage, we are stuck,’ Bryce said.

'Our economy isn't inclusive anymore.’

'Without cash, our economy is weaker because retailers and consumers are more vulnerable to computer failures, bank system outages and even online criminals.'

According to Bryce, the Optus outage was a ‘big wake-up call’ for Australian businesses and customers.

Business owners were stranded in their operations due to no mobile reception or broadband last 8 November when the telecommunication giant had an outage.

Some businesses reported issues communicating with customers and accepting digital payments, while others were forced to close that day. The outage affected at least 10 million customers.

Mt Druitt service centre ANZCO Automotive informed its customers that they had to close their shop that day.

‘For the time being, we will not be operating. Due to this outage, our entire system is not operating,’ its business owners announced.

Another business, Stewy the Snake Catcher on the Gold Coast, said to his followers that he was not spared by the outage.

'We are aware of a major outage across the Optus network, and I myself am with Optus' he said.

'We apologise in advance if you try to get through to us this morning and are having trouble. Hopefully, they rectify the issue ASAP.'

Bryce has a petition that currently has over 150,000 signatures on it since March. It calls for Australians to ‘have reasonable local access to cash and full banking services’ and to ‘choose cash when paying for food and essentials at physical retailers'.

View attachment 34776

Jason Bryce’s petition garnered more than 150,000. Credit: change.org

The petition reads, ‘We will win this war on cash if we can keep going, pushing governments to protect our rights.’

'Other countries are protecting cash, and Australia must follow.'

Australia already lags behind the United Kingdom, the European Union, and the United States, who have all recently backed legislation that protects the people’s right to use cash.

'We need to be able to choose how we pay for stuff, whether it be tapping or whether it be cash,' Bryce said.

Key Takeaways

• Pro-cash advocate Jason Bryce has warned against Australia becoming a cashless society, arguing it's costing businesses and customers money through card payment fees.
• According to Bryce, EFTPOS machines could be costing businesses around $200 a month due to monthly fees and surcharges, significantly impacting small businesses.
• Bryce argues that cash is vital for consumers to effectively budget and save money and highlights the vulnerability to technological failures and online criminal activity in a cashless society.
• A petition started by Bryce calling for the right to use cash and for businesses and banks to support cash payments has garnered 150,000 signatures since March.

What do you think of this story? Do you agree with Bryce to have cash payments for in-person transactions, or do you prefer a ‘cashless society’? Share your thoughts in the comments below!

Right now, the Albanese government is considering how to modernise payments laws in Australia to deal with the growth of the digital economy. These new laws will determine the future of cash in Australia.

Australia must follow the UK, Europe, Sweden and the USA in guaranteeing the future of cash.

The UK requires banks to ensure every citizen can access a fee-free ATM within three miles of their home. Europe requires retailers to accept cash payments.

 

[Annna]

True and I agree with you 100% but let me tell you of a story which happened the other day to a friend of mine. He went to do a shopping the other day he didn't sy if it waas Harvey Normn or where else and he bought something fgor around $1,200.00 and he went to pay in cash and the business teller told him that they weren't allowed to take cash anymore. So he walked out without his purchase because he refused to use his card.
The Banks and the estremely weak Treasurer let alone the Assistant Treasurer they are as weak and piss and twice as saulty because they haven't got the guts (The Balls) to stand up to the Banks. And that is a fact.
Banks control everything and they will continue to do so and roam free until we will have a Government with the balls to say enough is enough and open another Bank, The Likes Of Australia Post whcih can be tweaked over at the sanp of a finger to run and compete against them. Competition is what makes every Democracy and against Monopolies but they are stopping it on it's tracks.

Your friend's item must have been large/bulky judging from the price.

When the purchased item is able to be carried, I wonder what would happen if the purchaser placed the cash on the counter and took his/her item.

The store's management could not allege theft because the item was paid for.

 

[Witty]

I believe that a business must display a sign stating that a surcharge will apply if paying by card. If there is no sign to this affect - can a business legally apply a surcharge????