Cash economy
Everything I learnt by giving up my card and using only cash for a week
According to the government, physical currency isn’t going anywhere. But just how easy is it to give up tap-and-go?
- by Angus Delaney
Latest
Editorial
For subscribers
Cash is no longer king, but it pays to keep it around
Few among us would not have felt the sting of a surcharge for using debit and credit cards, but the cost of banknotes and coins is a real and growing concern.
- The Herald's View
Shops to be forced to accept cash for basic supplies and services
The use of physical currency has plummeted in recent years, but Australians will still be able to use it to buy essential items into the future.
- by James Massola and Shane Wright
The $6 trillion gamble the RBA isn’t willing to take
The Reserve Bank has ruled out creating its own digital currency, partly over fears it could undermine the nation’s entire banking system.
- by Shane Wright
Opinion
Cash
The costly business of cash has to change
When debating surcharges imposed on people who pay with a card versus physical money, I’ve lost track of the number of times I’ve had to explain that cash is not free.
- by Shane Wright
Banks gouging $4 billion from customers for cashless transaction fees: MP
A Labor MP has accused the big banks and credit card providers of stinging consumers $4 billion annually through card surcharges imposed by small retailers.
- by Shane Wright
Opinion
Network outage
The cinema was ‘cash-free’ but the eftpos machines were down. Was I in a movie?
The CrowdStrike outage reminded me and the rest of the developed world of how reliant we are on a few big companies to keep the show on the road.
- by Millie Muroi
Cash crisis averted as banks, retailers throw Armaguard $50m lifeline
Armaguard, owned by Linfox, will receive funding from its biggest customers, in a move aimed at securing supplies for at least the next year.
- by Clancy Yeates
Saving the lobster, prawn and pineapple: MPs fight to force shops to take cash
Independent MPs are demanding the federal government make businesses accept cash from shoppers – or face thousands in fines.
- by Shane Wright
Why are more businesses charging extra to pay by card?
More businesses are now placing surcharges on all card payments, while they were previously only common on credit cards.
- by Mary Ward
A day-trip to Venice may cost up to $500 if new tax not paid
Visitors arriving at the main train and bus stations will be met by stewards who will remind tourists of a new entrance fee for the city’s historic centre.
- by Colleen Barry
Original URL: https://www.smh.com.au/topic/cash-economy-1mpl