this post was submitted on 23 Aug 2023
23 points (100.0% liked)

AusFinance

15 readers
1 users here now

founded 1 year ago
MODERATORS
lodion@aussie.zone
Los
23
Australia's transition to a cashless society is underway — but not everyone wins when we get rid of cash (www.abc.net.au)
submitted 1 year ago by Mountaineer@aussie.zone to c/ausfinance@aussie.zone
23 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] DavidDoesLemmy@aussie.zone 1 points 1 year ago (3 children)

It's not free to run a payments network. So who should pay for it? Tax payer funded?

[–] Thisismyusername169@aussie.zone 14 points 1 year ago

Who pays to design, print/mint, transport cash? It's always been taxpayers

[–] cooopsspace@infosec.pub 6 points 1 year ago

Two options:

Don't go cashless.

Go cashless but fees = $0.

Idgaf how it works, but it's asinine to have a $4 a month account keeping fee and pay per transaction to store and spend your own money. If it gets any worse I'll be pulling all my cash out and going cash only for everything.

[–] clutchmattic 6 points 1 year ago

Financial institutions should bear the cost as the cost of the privilege of having a banking license