at my apt. complex they installed new washer and dryers w/cash card readers. I find it slightly inconvienient b/c I have to goto the main building to fill the card w/cash (but it does take credit card and debit). Other than that, it is slightly easier b/c I don't have to store $15 in quarters for laundry day.
I stopped using cash about 3 years ago. I keep two checking accounts and one savings account. I have a seperate check card for the second checking account and I transfer money to it for purchases (even at the grocery store just incase someone hits and extra zero and empties my account).
>I have to goto the main building to fill the card >w/cash (but it does take credit card and debit).
The problem I see is that it's probably easier to get the money in than to take it back out of such a 'stored value' system again.
If you're lucky, it's something like laundry, where you'll use the services later. Even then, though, the firm offering the account service gets to use your money for free until you request it be applied to some goods or services.
You want an easier laundry day? Ask them to set the machines to accept $1 coins.
well just last week... (Score:3, Interesting)
I stopped using cash about 3 years ago. I keep two checking accounts and one savings account. I have a seperate check card for the second checking account and I transfer money to it for purchases (even at the grocery store just incase someone hits and extra zero and empties my account).
Once Wendy's and drug dealers take CC's I am set.
The Big Scam (Score:1)
The problem I see is that it's probably easier to get the money in than to take it back out of such a 'stored value' system again.
If you're lucky, it's something like laundry, where you'll use the services later. Even then, though, the firm offering the account service gets to use your money for free until you request it be applied to some goods or services.
You want an easier laundry day? Ask them to set the machines to accept $1 coins.
Re:The Big Scam (Score:2)
So then they could charge me $2 per wash instead of $1.25 or $1.50? I don't think so.