Comment Cost, risk, reward... (Score 1) 54
I use cash as a payment tool when it suits me. Each payment method has its cost, risks, and rewards. I use cash:
- where sellers offer a cash discount and I'm not likely to need the protections a credit card provides
- for smaller transactions (under $20 or so) especially where credit/debit drags me into a "How much do you want to tip" dialog on an electronic screen
- for private-party buying/selling transactions (garage sales, Craigslist, Facebook marketplace, street fairs) where cash eliminates trust concerns on both sides
- randomly, if for no other reason than to f*** with anyone who is trying to profile me through electronic records
I am amused at people who consider themselves sophisticated because they never touch cash. I'm frustrated at how the electronic payment industry has inserted itself into virtually every transaction, adding a couple of percent onto costs for everyone. Cash has an important place in business, and I don't want to see it eliminated as a tool - so I "use it" as a preventive against "lose it".