A Quote by Sandi Toksvig
The truth is I don't really like the world of plastic money: the great chip-and-pin double act of modern payment. I prefer cash. I don't like the idea of some distant clerk nodding each time I make a card purchase and quietly adding to my 'consumer profile.' I'm anti all cards.
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There are many ways to manipulate chip cards. For example, a number of years ago when American Express issued the first chip card, criminals would take a small hammer with a little device and bang the chip to destroy it without hurting the physical appearance of the card.
Most credit cards provide some sort of protection against a defective purchase, and with gold or platinum cards, you'll often get double the manufacturer's warranty. You're also not immediately out your own money if something goes wrong.
These days, checks are direct-deposited, money comes out of a machine in the wall, and we swipe a plastic card to make a purchase. In other words, your kids can grow up thinking money comes in an endless supply if you don't show them otherwise.
Consumers could be in for an even sweeter deal, either getting discounts from retailers for using the PIN debit cards or being rewarded by card network by winning money back for using the signature debit cards.
Pay cash. For some reason, it's harder for people psychologically to part with their cash than it is to swipe a card. Maybe it's the act of physically seeing the money change hands, or maybe it's because you don't want to break a $20 for a $2 cup of coffee.
I carry cash around with me all the time as I like buying dancers I'm working with snacks and drinks, but I also use my Amex card and a Coutts Visa card, which I always pay off in full every month. I hate the idea of being in debt.
If you want to spend more money in restaurants, use credit cards more than cash. If you want to spend less, use cash more than credit cards. But in general, we can think about how to use the pain of paying and how much of it do we want. And I think we have like a range. Credit cards have very little pain of paying, debit cards have a little bit more because you feel like today, at least it is coming out of your checking account, and cash has much more.
I like the idea of having more of a fun convention during the election campaign, if it's showbiz, if it's entertainment, whatever the case may be. I like that idea, but with every suggestion comes millions of dollars in money. So, the suggestions are great, but there has to be, you know, a pretty big influx of cash to do something like that.
I prefer cash but so many places only take cards these days, it forces you down a line and I don't like that.
When I was young, people lived paycheck to paycheck. Today, it seems like they live from credit card payment to credit card payment.
When I was young, people lived from paycheck to paycheck. Today, it seems like they live from credit card payment to credit card payment.
The credit/debit card transaction system is antiquated, expensive, and inefficient. There are over nine steps to complete a transaction from the time a customer swipes their card to payment processing, settlement, and when the merchant finally gets paid. Every step along the way costs both the consumer and the vendor in additional fees.
I've had something sort of like angel cards where you pull out an angel card that turns out, like, grandmother was watching over me. And I believe, in some way, I haven't been brave enough to engage with tarot cards mostly because they always end on a bad note. I'm sure if I understood tarot cards more I wouldn't be as fearful.
Someone stole my wallet last week. The guy called me up and he was mad at me. He was like 'you gotta get your finances together. You got no cash, your credit cards are maxed out. You don't even have minutes on your calling card. I had to use my card to call you.'
Is there a market for somebody selling a credit card that helps people pay down their balances? I think the question is yes. But it would have to be sold by a bank that's really willing to invest in being a trusted partner with its consumers, because they will make less money on each consumer.
The way that customers pay businesses is constantly evolving. Instead of paying with paper, like cash and checks, businesses are expected to accept a variety of payment methods ranging from credit cards to digital payments.
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