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Australia's transition to a cashless society is underway — but not everyone wins when we get rid of cash (www.abc.net.au)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] -1 points 2 years ago (3 children)

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

[–] [email protected] 15 points 2 years ago

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

[–] [email protected] 7 points 2 years 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.

[–] [email protected] 5 points 2 years ago

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