Re:Cash payments above €3000 to be outlawed in Netherlands
by bowsamic on Wednesday August 23, 2023 @11:17AM
(#37237389)
In Germany even with SEPA it's very common to pay for huge transactions with cash. People don't trust electronic payment for "critical" things
Re:Cash payments above €3000 to be outlawed in Netherlands
by freedude on Thursday August 24, 2023 @02:42PM
(#37252934)
So with the "convenience" of the free bank transaction what do you give up? There is no free lunch. Somebody pays for that "convenience". My guess is you pay with a loss of privacy from the government and the corporations that run the program for the government. Why would they do that? What is in it for them? Are they your public servant or have you become a governmental pawn?
In EU you could pay for all those things with a quick and free bank transfer for any amount, so you wouldn't even need to withdraw and travel with all that cash on you. There's no "bank fees", there's no "bankers" to keep out of the transaction, because they don't take any fee.