This is so true and explains brilliantly why it is in all our interests to make the effort to use cash 💷
Why should we pay cash everywhere with banknotes instead of a card ?
- I have a £50 banknote in my pocket. Going to a restaurant and paying for dinner with it.
The restaurant owner then uses the note to pay for the laundry.
The laundry owner then uses the note to pay the barber.
The barber will then use the note to pay for shopping.
After an unlimited number of payments, it will still remain a £50 value, which has fulfilled its purpose to everyone who used it for payment and the bank has jumped dry from every cash payment transaction made.
BUT
IF I go to a restaurant and pay digitally via Card,
- the bank fees for my payment transaction charged to the seller are 3%, so around £1.50
( and so will be the fee of £1.50 for each further payment transaction )
-for the owner re laundry or
- payments of the owner of the laundry shop,
- or payments of the barber etc.....
Therefore, after 30 transactions, the initial £50 will exist at only £5, and the remaining £45 has become the property of the bank … thanks to all of the digital transactions and fees!
Use it or lose it folks…
Once it’s gone we won’t get it back!
Cash is king! #CashIsKing
US Open giveaway 👌
Draw to be made 9pm Sunday.
Prize 1 - fourball @Manorgolfclub (Mon - Fri)
Prize 2 - two sleeves proV1
To enter:
-Follow this account
-RT this post
-Comment tagging a friend you will take if you win
🤞🏼 good luck - the course is sublime!
Cash the putts and track those stats.
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On this day last year, Thomas Tuchel was named The Best Men's Coach after winning both the Champions League and UEFA Super Cup in his first year in charge of Chelsea.
How times change…😳
You seriously have no idea what you are going on about how on earth have you nicked a spot on @talkSPORT it's embaressing they even give you the time of day stick to your pathetic YouTube channel
People backing Southgate is why England will never win anything. He's NOT an Elite coach. No Premier League club would go near him. We've got a superb squad being coached by a politician. Nothing created from open play tonight. Mount on ahead of Rashford. Time for change.