Cash payments above €3000 to be outlawed in Netherlands

Re:Cash payments above €3000 to be outlawed in Netherlands by Scarblac on Wednesday August 23, 2023 @10:46AM (#37236863)

> Because I pay cash and keep the bankers out of the transaction it costs me less and it costs the seller less.

Other way around (in the Netherlands, which is the subject), bank transfers are free but depositing cash as a business costs money. Paying cash costs the seller more and holding it has a risk of robbery.

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Re:Cash payments above €3000 to be outlawed in Netherlands by tomrod on Wednesday August 23, 2023 @11:16AM (#37237369)

Use of systems is never free. It might be subsidized, in the which case bankers would greatly appreciate more transactions on the system, but it is never "free."

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Re:Cash payments above €3000 to be outlawed in Netherlands by Scarblac on Wednesday August 23, 2023 @12:06PM (#37238162)

It costs some money to have a bank account, bank transfers don't have a fee associated with them. Card processing costs a small fee.

Cheaper than handling cash though.

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Re:Cash payments above €3000 to be outlawed in Netherlands by tomrod on Wednesday August 23, 2023 @12:35PM (#37238609)

And those rates are increased when the system becomes more expensive, whether directly to bank fees or indirectly by taxpayer subsidizing.

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