Why must pay cash
- Thread starter lotus80
- Start date
lotus80 said:
There's a fee that needs to be paid if nets or credit cards are used. It's natural that the retailers do not want to pay these charges. That's why cash will still give you best price. It's not only in funan, it's the some in other shops too. Also, shops in other countries will also quote you a lower price if you pay by cash instead of CC.
Spot on, while we developed with technologies and infrastructures, our living std actually gone backward as a lot of facilities are out of reach to most due to cost....common folks with small income are subsidising those big earner whom enjoying oligopoly, just not long ago read the CEO of a major Telco got pay increased of 400+k....not to mention her already fat pay cheque and shares options.....that was easily a lifetime earning for someone who made 2k per mth...do u think it's right for them to pay more when they just want to embrace cashless society?
A simple 4 yearly once world cup and Olympic program suppose to promote the beautiful game and reach out to the mass but again some org and large corp decided to milk to the last droo from general public, at the end only the rich get to see the live telecast and the poor continued to cover work duties in some 24x7 establishment.....that's what they are promoting....well done.
A simple 4 yearly once world cup and Olympic program suppose to promote the beautiful game and reach out to the mass but again some org and large corp decided to milk to the last droo from general public, at the end only the rich get to see the live telecast and the poor continued to cover work duties in some 24x7 establishment.....that's what they are promoting....well done.
Sion
Senior Member
When a man arrives at the Gate of Hell he has to be sure to carry cash for entrance fees.
If paid by credit card the Gate Keeper will charge surcharge.
Also he must remember to apply for Hell Express credit card if he wants to used it in the other world.
But can also pay online through Hellgate.com with Payhell.
:bsmilie:
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This is the one of the two real reasons; The other being cash flow.
For nets and credit card transaction, accumulated payout (after fee deduction) from these vendors occur one/ twice a month.
This is a sign of impending commercial doom.
Economy is down.
Shops have disputes within its partners and directors.
So they want cash because the person at the cash register can physically take that cash money.
If the payment goes to the company account, then they have to legally fight over that money. There may be injunctions.
There may be a legal process known as Garnishee Order.
If the shop is already in very serious financial trouble, the creditor/s can apply to the Court to serve a Garnishee Order.
So if money is supposed to be paid into the shop's account, the partners or directors or owners will never get to take that money. It goes to the creditors.
That is why some may prefer you pay them cash. Which they take back straight away.
Economy is down.
Shops have disputes within its partners and directors.
So they want cash because the person at the cash register can physically take that cash money.
If the payment goes to the company account, then they have to legally fight over that money. There may be injunctions.
There may be a legal process known as Garnishee Order.
If the shop is already in very serious financial trouble, the creditor/s can apply to the Court to serve a Garnishee Order.
So if money is supposed to be paid into the shop's account, the partners or directors or owners will never get to take that money. It goes to the creditors.
That is why some may prefer you pay them cash. Which they take back straight away.
ricohflex said:
Cool, but as far as I know shops have preferred cash since 2006. So not sure what you are singing about here, this aspect remains constant through the yrs but signals doom today?
For those specific shops only. Not for the whole nation. Some shops fail for a variety of reasons e.g. mismanagement or major financial backer pulling out or internal strife.
If the economy is buoyant and people spend freely to buy stuff, most shops do well and you generally may see less of such individual shop failures.
Everybody prefers cash at all times. But TS is suggesting the shops are not even accepting Nets.
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Sion
Senior Member
If this is happening in one of the world's strongest and best economy - Singapore, it is a clear sign of the coming of the doomsday.
I say pay everything with credit cards and borrow from banks. When the doomsday arrives we don't have to pay anyone back.
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ricohflex said:
I don't think so leh. Maybe you can reread? He mentions a surcharge on credit cards. Maybe TS can clarify. Anyways certain establishments don't accept nets or card cos they don't have the facility I guess. But most places no problem so far.
I don't think so leh. Maybe you can reread? He mentions a surcharge on credit cards. Maybe TS can clarify. Anyways certain establishments don't accept nets or card cos they don't have the facility I guess. But most places no problem so far.
Maybe you can read his thread title.
"Why must pay cash"
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