Far be it from The Bulldog to rain on anyone’s parade, but the end of cash as predicted by the credit card processor Moneris seems a bit over the top. It’s like General Motors saying cars are better than ever. The online survey of 1,000 people conveniently released during this slow news week has lots of broadcasters hopping on the Moneris wagon. The survey found that 77 per cent of respondents preferred to pay for purchases by debit or credit card and 65 per cent said they rarely buy anything with cash anymore. Is that so.
TAP HERE TO END YOUR CASH
Ask your cleaning lady and pedicurist what they want. Gift envelopes for kids? That would be real money and nothing but thanks a lot. A very nice Chinese restaurant has a way of saying the gratuity should be in cash. If they can get away with it, fine. You may be sure the owner doesn’t give Starbucks $100 in advance so he can tap to buy his coffee. Real men at the bowling alley or cineplex rarely venture there without at least a hundred dollars in paper money in their pocket. Thing is, while Moneris is making cash disappear, cash is the only thing you can be sure everyone will take. We will definitely let you know when we find anyone who refuses it.