Irish Taxi Forum
Public Area => Taxi Talk => Topic started by: silverbullet on August 01, 2023, 03:08:41 pm
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20% never carry cash, younger people leading the way
Updated / Wednesday, 26 Jul 2023 08:16
Of those who do carry cash, 30% have €20 or less in their wallets.
Of those who do carry cash, 30% have €20 or less in their wallets.
By Gill Stedman
Younger people are leading the way when it comes to cashless living, with half of 18-24 year olds saying they never carry money.
New figures from Royal London Ireland, a life insurance and pensions company, show that in total, 20% of people in Ireland never carry cash.
Those over the age of 55 were less likely to go cashless, with 90% of this age group still carrying cash.
Of those who do carry cash, 30% have €20 or less in their wallets.
The data reveals that 24% of men don't carry cash, compared to 16% of women.
However, of those who do carry cash, men tend to carry more than women.
"We've seen an increase in cashless payments in Ireland in recent years, so the numbers of people who carry very little cash, or any at all, is unsurprising," said Barry McCutcheon, Proposition Lead at Royal London Ireland.
"Despite the increasingly digital nature of Irish banking and payment systems in recent years, we can see from the survey findings that cash still plays an important role in Ireland’s society and economy, with many people relying on it when going about their day-to-day routines," he added.
Almost 60% of respondents said they use cash to pay for small daily grocery items such as milk and bread, while 34% use cash to buy their lunch or take-away coffee or tea.
Meanwhile, 32% said they use cash to give tips, while 27% use cash to donate to a charity.
The findings also show that those in Leinster are the least likely to carry cash when compared to other parts of the country.
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I had a young Kerry lad in the cab last weekend who told me his dad was a hackney driver in Ballybunnion. He asked did I take card and I told him I do, and I asked him did his dad take card and he said; "Oh,No, No cards in Ballybunnion !".
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Most have cash on them but keep it for emergencies.
I think I posted this before but my Sumup wasnt working one day at the airport and the UK passenger was getting later and later and annoyed that my machine was not operational.After about 5 minutes watching me mess about with the machine the prick pulled out a crisp 50 euro note out of the back of the wallet after previously telling me he definitely had no cash.
A cash discount might be popular but the wankers will still try to get the discount for paying by card once they think there's some wiggle room on the fare.
It still amazes me how few of them don't realise they're paying more to book on the app.They'll happily stand beside a rank and use the app even though it's more expensive.Too much money out there.
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I think a lot of people pay by card because they hate taxi drivers.
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I hate taxi drivers too but I still pay cash most of the time.
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I hate taxi drivers too but I still pay cash most of the time.
rofl
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People work 9to5 they get paid in tradeable tokens not Cash they then give some of those tokens to the barman or taxi driver he gives them into the Garage for fuel or transfwers some of them into his hens account or gives some tradeable tokens to the bank to pay the Mortgage .What most of you are complaining about is having to pay your tax as your transactions are mostly recorded .Get use to it the Cash Economy is a Cancer Patient on its last legs .I remember going to a Casino in 1979 with Big Dommo we used tokens/Tradeable tokens no cash on the table but you could cash them in for Coinage and folding .I wonder how many more people use a taxi as they dont have the emotional seperation of handing over real cash money .Try having a ton bet on your app or walking up to the counter with % blue twenties in your hand ,you will have second thoughts if youe mitt is full of folding ?
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In a way, most of us probably give small discounts on cash jobs. Most of us would probably round down the fare to the nearest whole number, e.g. €10.50 --> €10.00
Re going totally cashless, there is a philosophical problem that is above my pay grade. Sweden is mostly cashless now but their central bank is holding back on going 100% cashless. The problem is something like can a country be a real country ('sovereign') if it doesn't produce it's own money?
Sweden’s cashless society dream isn’t all it’s cracked up to be (https://www.wired.co.uk/article/sweden-cashless-society)
The idea that Sweden’s slide into cashlessness might now be unstoppable has forced the country’s central bank to act in order to stay relevant. “If nothing is done, this development will very likely lead to the general public no longer having access to state-issued money, Riksbank money, which is the most secure form of money existing,” the bank said in a 2019 report.
A financial system dominated by private banks without central bank anchorage would risk returning Sweden to a chaotic period of history, says KTH’s Niklas Arvidsson. “Riksbank has had a monopoly on Swedish cash since 1904,” he says. “Before that, each bank could have their own version of cash and the cash from one bank could depreciate or be inflated given their economic strength. In the end, it became very messy with different banks providing different rates, like having a lot of different currencies in the same economic region.”
In the current financial system, cash provides an anchor to stability; it’s the central bank’s guarantee that money still has worth – which is why people make withdrawals when they believe their bank is about to go bust. The Swedish Civil Contingencies Agency – the Ministry of Defence department that plans for national emergencies – still advises people to keep “cash in small denominations” to ensure they can access money in case of natural disasters, power outages and cyber-attacks.
“If cash was not there anymore, we would need a digital technology to hold up to that promise as well as cash does,” says Rainer Böhme, a professor who specialises in virtual currencies at Austria’s University of Innsbruck. “If you have money in a private intermediary [a commercial bank or app such as Swish], it’s not a direct claim to the central bank. If that intermediary turns bankrupt or turns malicious, consumers have less protection.”
Also what about poor people who might be able to afford a bank account. Not everyone can afford to keep €3,000 in their bank account for 'free' banking. Or what about those in rural areas where cashless might not work (no signal/no internet)?
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In a cashless society where would kids stand buying sweets or low value goods would it be a % of the transaction in fees or a fixed charge or would the service provider pay the fees like we do .
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I hate taxi drivers too but I still pay cash most of the time.
I might be just paranoid but I think customers often smirk at me when paying by card as if to say, now try and hide this from the tax man. :-[
little do they know im too honest for my own good. O:-)
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In a cashless society where would kids stand buying sweets or low value goods would it be a % of the transaction in fees or a fixed charge or would the service provider pay the fees like we do .
Funny you should say that. While I was juicing up the Prius this evening there were two young lads buying Slush Puppies. The guy in the garage told them the price, they each paid with their own swipe card, then the attendant handed out the appropriate size plastic cups and straws.
I see they're bred into cashless early.
The bit I loved was when the lads were filling the drinks, they were drinking from the straws as fast as they could so they'll get more bang for their buck. rofl
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In a cashless society where would kids stand buying sweets or low value goods would it be a % of the transaction in fees or a fixed charge or would the service provider pay the fees like we do .
Dunno but it highlights one thing I don't like about going cashless. If I have €100 cash, I can spend every cent of that €100. If I buy multiple things and pay by card, you might only get to spend €95 after fees and all that.
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Explaining Crypto in cashless Society .Imagine you get a fare and Revolute is charging 1.7% .Ripple is charging .00000001% per transaction or the thing OCCi is buying is Charging .000000000000?% per transaction .How it will work by pressing a button on your device Your euro or Dollar or Yen is turned into Ripple or some other Crypto coin then transferred into your account and turned back into whatever currency you want to recieve it in and it is instant no waiting for it to clear no messing with exchange rates .No Sum Up or TSB closing down your account because you need to update your Profile .These exchanges use Stablecoins based on the US Dollar and as they hold actual Dollars your exchange rate is stable unlike you go to USA use your card .The bank will charge you the exchange rate that applied the time you spent the money or the rate on the day they processed the transaction whichever was the biggest .
Remember when you use to go on Holiday had to go the the Foreign Exchange to get your money changed .Then they invented Travelers Checks then credit cards .Crypto cashless tokens will just allow non Banks move your money (Value ) from customer to seller at a much lower cost .Sum up 1.7% and 2.50 euro to withdraw cash over a certain amount .You are paying them to take your money in one hand and hand it to you with the other .That is the future but a fraction of a % not 1.7%
ECB will introduce a digital Euro ,Bank of England will introduce a digital £ Cashless transactions can only work when they are very cheap to use 1.7 % and that is cheap is just to much .It is adding to inflation it would be like increasing your tax on money by 1.7% just like watty said you are paying to get your money then you have to pay to use it .
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Young people today when they go out they don’t bring coats or wallets.
Just their phone.
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Young people today when they go out they don’t bring coats or wallets.
Just their phone.
Four ways to pay App booked and paid.Tap a card .Tap a phone ,Cash .in that order .Even street jobs want to pay by card .
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€135,80 -€2,30 €133,50
TOTAL €135,80 -€2,30 €133,50
Took 135.80 they took 2.30 so I got 133.50 .now did somebody else get 15% commission on that as well .Its 16.7% commission in reality if you cover a Free Now Job that is cash and they pay by card .
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Cash is a dead king
::sleep
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Think of it like this OCCI Young Tommy Murphy from down the road near the bus stop works in Mc Donalds gets paid direct into his bank uses his card for everything he buys except his drugs as his dealer is cash only .Young Tommy never knew the trill of opening a pay packet and counting out his 286 euro .Now one day Tom and his mate Martin are in the Pub both buy porter and pay by card Martin gets his wages paid into his account .There was something uplifting about getting CASH instead of Digital tokens into your bank it sort of motivated you .Watch the Galway Races Bookies working in hard Cash .With all the Bookie Apps there should be no need for on course bookies but imaging going racing and no bookies ?
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Think of it like this OCCI Young Tommy Murphy from down the road near the bus stop works in Mc Donalds gets paid direct into his bank uses his card for everything he buys except his drugs as his dealer is cash only .Young Tommy never knew the trill of opening a pay packet and counting out his 286 euro .Now one day Tom and his mate Martin are in the Pub both buy porter and pay by card Martin gets his wages paid into his account .There was something uplifting about getting CASH instead of Digital tokens into your bank it sort of motivated you .Watch the Galway Races Bookies working in hard Cash .With all the Bookie Apps there should be no need for on course bookies but imaging going racing and no bookies ?
Yea ....bookies on track are fuked ....
Poor cnuts .....
If yu look far enough down the road .....how will the kinihans an ther ilk get paid ?
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Think of it like this OCCI Young Tommy Murphy from down the road near the bus stop works in Mc Donalds gets paid direct into his bank uses his card for everything he buys except his drugs as his dealer is cash only .Young Tommy never knew the trill of opening a pay packet and counting out his 286 euro .Now one day Tom and his mate Martin are in the Pub both buy porter and pay by card Martin gets his wages paid into his account .There was something uplifting about getting CASH instead of Digital tokens into your bank it sort of motivated you .Watch the Galway Races Bookies working in hard Cash .With all the Bookie Apps there should be no need for on course bookies but imaging going racing and no bookies ?
Yea ....bookies on track are fuked ....
Poor cnuts .....
If yu look far enough down the road .....how will the kinihans an ther ilk get paid ?
Decentralised Finance .Crypto .They might even create Narco Coin ?
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Think of it like this OCCI Young Tommy Murphy from down the road near the bus stop works in Mc Donalds gets paid direct into his bank uses his card for everything he buys except his drugs as his dealer is cash only .Young Tommy never knew the trill of opening a pay packet and counting out his 286 euro .Now one day Tom and his mate Martin are in the Pub both buy porter and pay by card Martin gets his wages paid into his account .There was something uplifting about getting CASH instead of Digital tokens into your bank it sort of motivated you .Watch the Galway Races Bookies working in hard Cash .With all the Bookie Apps there should be no need for on course bookies but imaging going racing and no bookies ?
Yea ....bookies on track are fuked ....
Poor cnuts .....
If yu look far enough down the road .....how will the kinihans an ther ilk get paid ?
Decentralised Finance .Crypto .They might even create Narco Coin ?
Yea but yu hav to turn it inta dollors ...or do ya inta the future ? lol
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...... . Not everyone can afford to keep €3,000 in their bank account for 'free' banking. .....
PTSB dropped that 'free' banking option last month. ::fds
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.... .Watch the Galway Races Bookies working in hard Cash .With all the Bookie Apps there should be no need for on course bookies but imaging going racing and no bookies ?
Do track bookies have sumup card readers ?
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€135,80 -€2,30 €133,50
TOTAL €135,80 -€2,30 €133,50
Took 135.80 they took 2.30 so I got 133.50 .now did somebody else get 15% commission on that as well .Its 16.7% commission in reality if you cover a Free Now Job that is cash and they pay by card .
If'n ya stick to the shorter approx €15 app jobs which most of them are, then the PUC almost covers the freight.
I'm not much interested in anything on App over €40 anymore as the 15%+ commission is too high.
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...... . Not everyone can afford to keep €3,000 in their bank account for 'free' banking. .....
PTSB dropped that 'free' banking option last month. ::fds
Looks like they're charging everyone €6/month or €72/year (PDF). (https://www.permanenttsb.ie/globalassets/pdf-documents/fees-and-charges/explore-fee-information-document-effective-from-1st-august.pdf)
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€135,80 -€2,30 €133,50
TOTAL €135,80 -€2,30 €133,50
Took 135.80 they took 2.30 so I got 133.50 .now did somebody else get 15% commission on that as well .Its 16.7% commission in reality if you cover a Free Now Job that is cash and they pay by card .
If'n ya stick to the shorter approx €15 app jobs which most of them are, then the PUC almost covers the freight.
I'm not much interested in anything on App over €40 anymore as the 15%+ commission is too high.
For someone like yourself that's obsessed with chasing the FN bonus, that could come back to bite you. I can't remember the criteria exactly but you have to accept a lot of jobs to get the bonuses now. It's not just doing 12 jobs or whatever in 4 hours anymore. Being selective could hurt you if you don't take almost every job you're offered.
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€135,80 -€2,30 €133,50
TOTAL €135,80 -€2,30 €133,50
Took 135.80 they took 2.30 so I got 133.50 .now did somebody else get 15% commission on that as well .Its 16.7% commission in reality if you cover a Free Now Job that is cash and they pay by card .
If'n ya stick to the shorter approx €15 app jobs which most of them are, then the PUC almost covers the freight.
I'm not much interested in anything on App over €40 anymore as the 15%+ commission is too high.
For someone like yourself that's obsessed with chasing the FN bonus, that could come back to bite you. I can't remember the criteria exactly but you have to accept a lot of jobs to get the bonuses now. It's not just doing 12 jobs or whatever in 4 hours anymore. Being selective could hurt you if you don't take almost every job you're offered.
I got over that obsession fer 3 reasons;
1. The cash Bobo's went derisory.
2. The 80% acceptance rate was almost unachievable the way I work, dodging Town and Norrie jobs.
3. The only decent street Johnny C work was at the Bobo times.
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Young people today when they go out they don’t bring coats or wallets.
Just their phone.
Four ways to pay App booked and paid.Tap a card .Tap a phone ,Cash .in that order .Even street jobs want to pay by card .
They're f**ked if they have an iPhone that's gone flat. Entering a taxi without the means to pay.
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€135,80 -€2,30 €133,50
TOTAL €135,80 -€2,30 €133,50
Took 135.80 they took 2.30 so I got 133.50 .now did somebody else get 15% commission on that as well .Its 16.7% commission in reality if you cover a Free Now Job that is cash and they pay by card .
If'n ya stick to the shorter approx €15 app jobs which most of them are, then the PUC almost covers the freight.
I'm not much interested in anything on App over €40 anymore as the 15%+ commission is too high.
For someone like yourself that's obsessed with chasing the FN bonus, that could come back to bite you. I can't remember the criteria exactly but you have to accept a lot of jobs to get the bonuses now. It's not just doing 12 jobs or whatever in 4 hours anymore. Being selective could hurt you if you don't take almost every job you're offered.
I got over that obsession fer 3 reasons;
1. The cash Bobo's went derisory.
2. The 80% acceptance rate was almost unachievable the way I work, dodging Town and Norrie jobs.
3. The only decent street Johnny C work was at the Bobo times.
This is just a few jobs I did on the night after the all-Ireland, scaldy bastards using a card, phone, even a f**king watch to pay scabby amounts.
I'll bet their Coke dealers don't take cards...except to chop up their junk that is.
(https://i.postimg.cc/3Rc0GWyg/Sumup.jpg) (https://postimages.org/)
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Off set it against some time not wasted having to go to the bank to make a cash lodgement.
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Young people today when they go out they don’t bring coats or wallets.
Just their phone.
Four ways to pay App booked and paid.Tap a card .Tap a phone ,Cash .in that order .Even street jobs want to pay by card .
They're f**ked if they have an iPhone that's gone flat. Entering a taxi without the means to pay.
I have my own iphone charger in the car which can be passed to a customer,
and also the basic android charger that does me sumup reader.
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Off set it against some time not wasted having to go to the bank to make a cash lodgement.
I honestly can't remeber the last time I was in my bank or even used an ATM.
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Off set it against some time not wasted having to go to the bank to make a cash lodgement.
All of my Sumup payments go directly to my credit union, therefore I'm clearing a loan far ahead of the payment schedule without even noticing.
I'm just saying they're paying fares for the most derisory of amounts.
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Young people today when they go out they don’t bring coats or wallets.
Just their phone.
Four ways to pay App booked and paid.Tap a card .Tap a phone ,Cash .in that order .Even street jobs want to pay by card .
They're f**ked if they have an iPhone that's gone flat. Entering a taxi without the means to pay.
I have my own iphone charger in the car which can be passed to a customer,
and also the basic android charger that does me sumup reader.
Androids are fine. it seems as if iPhones go flat much faster and more regularly.
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Young people today when they go out they don’t bring coats or wallets.
Just their phone.
Four ways to pay App booked and paid.Tap a card .Tap a phone ,Cash .in that order .Even street jobs want to pay by card .
They're f**ked if they have an iPhone that's gone flat. Entering a taxi without the means to pay.
I have my own iphone charger in the car which can be passed to a customer,
and also the basic android charger that does me sumup reader.
Androids are fine. it seems as if iPhones go flat much faster and more regularly.
I have an old spare USB to iphone charger here aswell if'n ya want it ?
It's old and grubby looking but I just tested it and it works.
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Young people today when they go out they don’t bring coats or wallets.
Just their phone.
Four ways to pay App booked and paid.Tap a card .Tap a phone ,Cash .in that order .Even street jobs want to pay by card .
They're f**ked if they have an iPhone that's gone flat. Entering a taxi without the means to pay.
I have my own iphone charger in the car which can be passed to a customer,
and also the basic android charger that does me sumup reader.
Androids are fine. it seems as if iPhones go flat much faster and more regularly.
I have an old spare USB to iphone charger here aswell if'n ya want it ?
It's old and grubby looking but I just tested it and it works.
I prefer to make iPhone owners sweat! But thanks anyway. 8)