European Central Bank to withdraw €500 note

Re:European Central Bank to withdraw €500 note by mmanfrin on Wednesday May 04, 2016 @03:13PM (#11630888)

$100s are terribly useful. A majority of work I do with contractors I have to do in $100s because of check scams and because of credit card fees. Cash allows the transaction to happen without fear of fraud nor without losing 3-6% in cc fees.

I'd feel very weird carrying bricks of 20s from the bank.

[ Parent | on HN ]

Re:European Central Bank to withdraw €500 note by boulos on Wednesday May 04, 2016 @03:31PM (#11631027)

How much are we talking about? You can use ACH transactions for almost free to do the same thing (e.g. Square Cash, which goes up to $2500 if you verify some info). I'd say that the risk of accepting a pile of $100 bills is certainly not worth the 45 cents or so the ACH transaction could cost you.

[ Parent | on HN ]