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Author Topic: Cashless society punting  (Read 2442 times)

Offline Sheer Tights

Cashless will mean your every transaction being monitored by banks which in turn may have to notify HMRC for tax purposes. If so would you give up your anonyminity by continuing to punt & pay extra to cover SPs tax etc.

Soon a punt may start with "That's £100 plus 20% income tax , 13% NI, 20% VAT, then add 10% for holiday pay, 5% for fixed overheads" meaning an average Romanian could cost £200. Would you also risk your partner seeing a payment to "Romanian skank' on your bank statement? Can punting continue without cash?

Offline Buttons

Yes, we will return to a bartering system. OWO = your best goat, full service = your first born son  :lol:

Online sparkus

I suspect as long as birds want handbags, perfume and dresses then there'll be incognito ways of paying for them, like gift vouchers, just more electronic.

Remember Cynthia Payne and her Luncheon Vouchers?

Offline BarryProudfoot

Cashless will mean your every transaction being monitored by banks which in turn may have to notify HMRC for tax purposes. If so would you give up your anonyminity by continuing to punt & pay extra to cover SPs tax etc.

Soon a punt may start with "That's £100 plus 20% income tax , 13% NI, 20% VAT, then add 10% for holiday pay, 5% for fixed overheads" meaning an average Romanian could cost £200. Would you also risk your partner seeing a payment to "Romanian skank' on your bank statement? Can punting continue without cash?

If its tax they want, all they have to do is target the agencies :hi:

Online LLPunting

pre-paid payment cards issued by security firms to prevent back-tracing of funds to protect against id fraud.

Offline misterali

The more restrictions placed on a society the more a black market will thrive.

Apart from digital currency which can be untraceable I am sure there will be some enterprising folk that will come up with new ways to trade value.

I have seen so many people circumvent tax and rules in all different forms of employment, you just need to make sure you never get too greedy.

Offline MrMatrix

The more restrictions placed on a society the more a black market will thrive.

Apart from digital currency which can be untraceable I am sure there will be some enterprising folk that will come up with new ways to trade value.

I have seen so many people circumvent tax and rules in all different forms of employment, you just need to make sure you never get too greedy.
And thats where people go wrong. Fundamental problem with human nature....

Offline Malvolio

I want no part of a cashless society as it's nobody's business but mine what I spend my money on.

Offline delete

the other side of the coins is the SP having no way of hidding there income from the banks, tax office or police
Banned reason: No reviews in 6 years
Banned by: 90125

Offline Bonker

I hear payment options being tested are : swipe your card in the orifice you want; contactless for anal; QR codes tattoos and a Payprat app.

Offline Alanroy

the other side of the coins

We'll need to come up with some new idioms, we wouldn't be allowed to use this one in a cashless society  :lol:

Offline Anadin

I hate cash. On more than a few occasions I've been late to a punt hunting for an ATM and so many of them don't work or charge a fee. I get that people want to pay anonymously and I do too but I want an electronic way to do that. I'd love to simply be able to use my punting  phone for payment.

Offline happyend

I'd love to simply be able to use my punting  phone for payment.

I'm sure soon many payments will be made using a phone, but PAYG topping up by cash may disappear

Offline Jimmyredcab

I want no part of a cashless society as it's nobody's business but mine what I spend my money on.

Don’t worry, it’s not going to happen any time soon —— even though the banks would love to see it.

Banks hate cash because they earn nothing from it, they want to see every cup of Coffee, every pint of beer and every cheese sandwich go through the banking system.

That is why they introduced contactless payments, not to be kind to us but to encourage more use of cards, imagine a million cups of coffee going through Visa day after day.  :hi:

Offline Jimmyredcab

I hate cash. On more than a few occasions I've been late to a punt hunting for an ATM and so many of them don't work or charge a fee.

You seem to punt in London, the vast, vast majority of ATMs are free for cash withdrawals.  :unknown:

Stevenfun

  • Guest
Crypto currencies to the rescue, perhaps monero and zcoin.
But I doubt wgs would accept such.
I've seen a couple of providers on Backpage before it went down specifying they take bitcoin so it's possible.

Offline Itsnotshy

A cashless society would make enforcement of a sex buyer law far easier for the State.
The State could also monitor and control your alcohol consumption, sugar intake etc. by simply declining payments when you go over your limit.
Not to be over dramatic but I believe the end of cash will be the end of freedom.

Offline Anadin

You seem to punt in London, the vast, vast majority of ATMs are free for cash withdrawals.  :unknown:

Yes the vast majority of ATMs are free, but that doesn't mean the nearest available one to me at the time is and that's the one I'm probably going to use as finding another working one is going to be hassle.
It's also likely that if I do find one I won't be able to park anywhere near it and I probably don't really have the time to go looking.

I often find myself having to use the ones at motorway service stations and they all seem to charge or corner shops if I don't plan in advance, that being said, thank god for supermarkets.

Crypto currencies to the rescue, perhaps monero and zcoin.
But I doubt wgs would accept such.
I've seen a couple of providers on Backpage before it went down specifying they take bitcoin so it's possible.

That's probably what I'm hoping for.

Offline Bogof60

Unusual concept I know.

Try withdrawing money in advance

 :dash: :dash: :dash:
Banned reason: Abuse of a mod.
Banned by: daviemac

Offline Bogof60

« Last Edit: October 13, 2018, 08:39:15 pm by Bogof60 »
Banned reason: Abuse of a mod.
Banned by: daviemac

Offline Anadin

Unusual concept I know.

Try withdrawing money in advance

 :dash: :dash: :dash:

No thanks, I'd rather not have large amounts cash on me until just before I have use for it.

Offline datwabbit

Surely WG's are already upfront with their tax  :lol: so nothing will change.

James999

  • Guest
Don’t worry, it’s not going to happen any time soon ——

You said that about cashless buses, and closing cashpoints and banks, so your track record on predictions is not the best  :sarcastic:

But the reality is the thought of cash declining scares the shit out of you ad you can't hide non cash transactions.  :music:

Offline jeanphillipe

You said that about cashless buses, and closing cashpoints and banks, so your track record on predictions is not the best  :sarcastic:

But the reality is the thought of cash declining scares the shit out of you ad you can't hide non cash transactions.  :music:

Id say that thought scares a good number of ppl. It may be inevitable but im with Jimmy , its a way off yet. ( i hope )


Offline GreyDave

I suspect as long as birds want handbags, perfume and dresses then there'll be incognito ways of paying for them, like gift vouchers, just more electronic.

Remember Cynthia Payne and her Luncheon Vouchers?
   

Cynthia actually provided a service :drinks: some of the girls now "sell their time" and operate a sausage factory  :(

I do rememeber her saying in an interveiw men think of sex and shagging a woman a few times ... The woman thinks 5 of these shags and thats a new sofa  :D :D :D

I am off to DFS while there`s still a sale on  :cool: :cool:
« Last Edit: October 14, 2018, 09:24:51 am by GreyDave »

Offline Jimmyredcab

Unusual concept I know.

Try withdrawing money in advance

 :dash: :dash: :dash:

Some people couldn’t organise a piss up in a brewery, it’s only a fucking punt not a trip up Everest.  :thumbsdown:

Offline Jimmyredcab

Id say that thought scares a good number of ppl. It may be inevitable but im with Jimmy , its a way off yet. ( i hope )

Many, many years away.

The Bank of England have just announced that the £50 note is not going to be scrapped, in fact they will issue a new “plastic” version some time after 2020.

Cash is here to stay, it will outlive most on here.

Offline smiths

Cashless will mean your every transaction being monitored by banks which in turn may have to notify HMRC for tax purposes. If so would you give up your anonyminity by continuing to punt & pay extra to cover SPs tax etc.

Soon a punt may start with "That's £100 plus 20% income tax , 13% NI, 20% VAT, then add 10% for holiday pay, 5% for fixed overheads" meaning an average Romanian could cost £200. Would you also risk your partner seeing a payment to "Romanian skank' on your bank statement? Can punting continue without cash?

I have been reading about a cashless society for at least 30 years, its a long way off before it happens in my view though I imagine it will happen one day. For the moment new bank notes are still being made and introduced, the new £20 note is due in 2020, it costs a lot to bring these in so that tells me cash has a long way to go yet.

Offline freeze44

Many, many years away.

The Bank of England have just announced that the £50 note is not going to be scrapped, in fact they will issue a new “plastic” version some time after 2020.

Cash is here to stay, it will outlive most on here.

Agree and cash important and will stay. To easy to spend on cards and why so many get into debt.

Easy nowadays for small business to take card payments but only be the banks and tax man who will win so small business will incur more costs to try and reduce the tax bills whilst the big boys can easily afford the fancy accountants if cash goes.

Did you hear about Ed Sheeran, the inger, paying more tax than Amazon??!!  :wacko:

Offline Haruki

When cash goes (which I don't think is too far away) I presume we will be paying for punts in various crypto currencies

Offline DastardlyDick

I can see a cashless society happening, just not soon. I believe that last Christmas was the first time card payments exceeded cash, and I saw a busker in a tube station with a contactless machine.
The issues as far as punting is concerned are anonymity/traceability for both SPs and Punters and Cost per transaction and for the machine for SPs.

Offline bobby1973

dont buy anything on line
and only pay cash for everything
cashless society means
more people out of work
dont do it guys

Offline Jimmyredcab

When cash goes (which I don't think is too far away)

It won’t be in your lifetime, unless you are 12 years old.     :hi:

Offline Anadin

I can see a cashless society happening, just not soon. I believe that last Christmas was the first time card payments exceeded cash, and I saw a busker in a tube station with a contactless machine.
The issues as far as punting is concerned are anonymity/traceability for both SPs and Punters and Cost per transaction and for the machine for SPs.

Yeah I don't think cash will go away entirely but I suspect it'll slowly become odd to use it. Not too long ago people thought it was really weird to pay for really small purchases with a card but we do it everyday & I do it with my phone, plus I'm often surprised when I can't pay that way. Once market traders started taking contactless payments it makes it seem even more odd that a shop wouldn't.

It will be interesting to see how that works for escorts or any enterprise that wants to keep transactions private.

Some people couldn’t organise a piss up in a brewery, it’s only a fucking punt not a trip up Everest.  :thumbsdown:
:rolleyes:

Offline Sheer Tights

the other side of the coins is the SP having no way of hidding there income from the banks, tax office or police

That's the Government's reasoning for going cashless, particularly to stop workmen evading tax by doing cash in hand jobs.

123eee123

  • Guest
Banks like cashless too
They will get a percentage of every transaction
Eventually they will get a percentage of the GDP of the world
Greedy cunts

Offline shagmore

Would make life easier not having to stop or get cash out.
Have done bank transfer to a Wg before.
Its just changing with the times, not so long back we used barter, then gold & silver, then coins, then the onset of cards, now contactless & phones so things will change - its just a  matter of when
One can not be a luddite

Offline Jimmyredcab

Would make life easier not having to stop or get cash out.
Have done bank transfer to a Wg before.
Its just changing with the times, not so long back we used barter, then gold & silver, then coins, then the onset of cards, now contactless & phones so things will change - its just a  matter of when
One can not be a luddite

Not all change is for the better.    :thumbsdown: :thumbsdown:

You may be happy for the banks and government to monitor every penny that you spend, some things should remain private.

Cash will still be around when we are all dead and buried, that I guarantee.    :hi:

Offline Jimmyredcab

Banks like cashless too
They will get a percentage of every transaction


Exactly, that is why they gave us contactless, they want to earn from every transaction no matter how small, it might only be 1% but imagine how many cups of coffee are bought every day -------- probably a million.

Offline bearcat69

Cashless payment methods could in theory be used to buy something of value, such as a gold watch for instance, and then that could just simply be given to the prossie as a fairly anonymous method of payment.

This is the thing about the concept of a completely cashless society, people will always find a way around such methods of government control, and the concept of exchanging one physical item of value for another is not about about to disappear anytime soon because of that. That's essentially why cash exists in the first place, as the government knows this and wants to make sure they are part of it. Banks have existed for hundreds of years and the concept of payment for something without the use of cash has existed even longer than that, but cash hasn't gone anywhere in that time. Digital technology may make cashless payment easier, but it doesn't take away the reason for why cash exists.

Offline PatMacGroin

Cash, currency or plain old money (whatever you want to call it) is just a convenient idea that everyone agrees to go along with.

It's evolved from bits of metal, to bits of paper, we've used plastic cards for nearly 70 years, and now money only needs to be numbers remembered somewhere on a machine like everyone's personal score in the game of life.

"Cash" will stick around as long enough people believe it's worth something. The tell tale signs that suggest coins and notes may disappear sooner than we all suspect? The growing number of places dotted around London that now have signs on the bar or counter saying "Sorry Cash Not Accepted. Contactless Payments only Please."

But there will always be ways to exchange value anonymously when it's needed or wanted. Whether that's pre-paid cards, crypto-currency, a return to exchanging precious commodities (gold is always a good investment :cool:), or some other form of brokering service no one has thought of yet.
« Last Edit: October 15, 2018, 08:30:50 pm by PatMacGroin »

Offline Jimmyredcab

The growing number of places dotted around London that now have signs on the bar or counter saying "Sorry Cash Not Accepted. Contactless Payments only Please."


Really, never seen that myself ——- must be a very successful business if they can refuse to take cash.

Offline DastardlyDick

Really, never seen that myself ——- must be a very successful business if they can refuse to take cash.
Lazy fuckers can't be bothered to count it and take it to the Bank rather than successful IMO.

Offline PatMacGroin

Really, never seen that myself ——- must be a very successful business if they can refuse to take cash.

The places I've asked have all tried to suggest it's more efficient. That they get so busy it allows them to serve more customers quickly. Although on one of those occasions it was a bar on a Wednesday afternoon, there were only two other customers there besides me and my mate. So that's total bullshit. Maybe they just don't trust the staff not serve drinks without ringing them through the till and just pocket the cash.
« Last Edit: October 16, 2018, 12:50:09 am by PatMacGroin »

123eee123

  • Guest
All this cashless is ok until it goes wrong..
Recently it seems to be not unusual that banks are having trouble with their online services etc
How are people going to pay for stuff when there are power cuts
People say it’s safer not to carry cash.. ok fine if I get mugged I’ll only loose what I have in my pocket
If I get mugged on line I loose everything..
Whenever governments and big businesses says its for your convenience it never is..
Another phrase used meaning the opposite is”its for your own safety”

TailSeeker

  • Guest
Cash is going to be the default for now, I'm certainly not going to pay for a card reader, can't imagine many other prossies will as well. And depending where you are based, easy to get cash out along the way. I've got 5 ATMs around me, all free of charge.

If you're in the arse end of nowhere, or heading there, plan ahead. No different arriving with a full pocket than filling it up when you get there. Just go a quick search on Google maps and you're sorted.


Offline zinger

So perhaps it will be politicians, drug dealers and also hookers who use cash going forward  :lol:

But yea, it's a pain in the ass and something i'm already wary of. I use card for everything now except getting my hair cut and serviced by WGs.

It's probably an easy enough spot on my banking records. I remember applying for a loan before, transactions were queried. I wonder what they would ay about the bank withdrawals.. they would probably think I have a drug problem which I guess is kind of worse in a way..

Offline finn5555

Really, never seen that myself ——- must be a very successful business if they can refuse to take cash.

It’s called progress something you and your cartel continue to fight  :rolleyes: :rolleyes:

Offline Cceon

Hate it, it's all a giant wank for the elites as they spy on people's private lives which they have no business in
Banned reason: Abusive tosser.
Banned by: daviemac

Offline Rabbit63

If cash disappeared, perhaps London punters could hand-over an Oyster card, pre-loaded with the SP's fee? Would bring a bit more excitement to 'touching in and touching out'  :cool:
« Last Edit: October 20, 2018, 04:13:26 pm by Rabbit63 »