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Re:EU-wide maximum limit of €10K for cash payments by ETH_start on Saturday December 10, 2022 @07:43PM (#33938703)
€10K is not that much.
Re:EU-wide maximum limit of €10K for cash payments by tormeh on Saturday December 10, 2022 @09:01PM (#33939251)
1k EUR is a lot to carry in cash. 10k is absurd. I'd guess 95% of people doing it are doing it because they're doing something illegal.
Re:EU-wide maximum limit of €10K for cash payments by alasdair_ on Saturday December 10, 2022 @09:40PM (#33939520)
When I played a lot of poker, I would routinely carry 30k or more. A single buy-in could be 10k. The people I played with all did similar things.

Moreover there are some countries (like Germany) where people routinely use a lot of cash to (say) buy a car or a business.

Re:EU-wide maximum limit of €10K for cash payments by ceejayoz on Saturday December 10, 2022 @07:49PM (#33938744)
It's a lot to put in a sack and bring to a store to pay for something.
Re:EU-wide maximum limit of €10K for cash payments by pclmulqdq on Saturday December 10, 2022 @08:02PM (#33938841)
$10,000 in US $20 bills weighs about 1 pound. In $100 bills, it fits nicely in your pocket or in a small purse. I assume 100 euro notes are about the same.
Re:EU-wide maximum limit of €10K for cash payments by ceejayoz on Saturday December 10, 2022 @08:13PM (#33938913)
It's a lot of money to put in your pocket. I didn't say anything about weight.
Re:EU-wide maximum limit of €10K for cash payments by throwaway09223 on Saturday December 10, 2022 @08:43PM (#33939113)
It's not, though. I remember carrying that much cash when I saved up for a summer to buy some computer components. They didn't take checks, and at the time I was like 19 and my debit card didn't have a high enough limit to buy the items I wanted (a couple of high end workstations, nothing super fancy- computers used to be expensive!)

It's actually pretty common to need to buy things over $10k. It's pretty common for vendors to not take checks. It's pretty common to not have high enough credit limits to cover these types of purchases.

There still isn't any way to do this other than cash.

It's unusual to carry around this much cash every day, but it's totally normal to carry this much cash sometimes for specific large purchases.

Re:EU-wide maximum limit of €10K for cash payments by WastingMyTime89 on Tuesday December 13, 2022 @12:17PM (#33972011)
> It's actually pretty common to need to buy things over $10k. It's pretty common for vendors to not take checks. It's pretty common to not have high enough credit limits to cover these types of purchases.

That's a very USA-centric comment. Checks are virtually unheard of in Europe and no one would pay so much money in cash. You would do a wire transfer or a card payment for that.

Payments in cash to a professional from a French citizen have been capped at 1000€ in France for years with virtually no impact. I have never seen or heard of someone attempting to use that much cash.

Re:EU-wide maximum limit of €10K for cash payments by pclmulqdq on Saturday December 10, 2022 @09:34PM (#33939480)
I personally don't have enough fingers to count the number of times I've carried around a huge amount of cash. Buying computers, cars, and collectibles can all involve a ton of money. Also, when I was playing poker a lot, that wasn't an unreasonably large amount to have on hand.
Re:EU-wide maximum limit of €10K for cash payments by SergeAx on Saturday December 10, 2022 @09:47PM (#33939565)
They also have 500 EUR bills there in Europe. 10000 EUR will fit in a postcard envelope.
Re:EU-wide maximum limit of €10K for cash payments by thdespou on Sunday December 11, 2022 @06:08AM (#33942185)
500 euro bills were scrapped some time ago.
Re:EU-wide maximum limit of €10K for cash payments by SergeAx on Sunday December 11, 2022 @07:36AM (#33942624)
Well, I am holding one in my hands right now, I got it from European bank several days ago.
Re:EU-wide maximum limit of €10K for cash payments by thdespou on Monday December 12, 2022 @04:44AM (#33952796)
It may be still a legal tender but it has stopped being issued https://www.centralbank.ie/consumer-hub/notes-and-coins/euro...
Re:EU-wide maximum limit of €10K for cash payments by ericd on Sunday December 11, 2022 @03:00PM (#33946871)
It fits in a standard envelope, but you can use a sack if you want.