I mean, since the last time I’ve visited: it seems like no one ever carries it. I prefer it because CC charge additional fees (which end up making the item cost more) I have a small rant about that: STOP RIPPING OFF PEOPLE WITH THOSE SURCHARGES?! (It should be 0 rather than 1%) as it may seem trivial, they add up overtime. Are stores allowed to refuse cash payments outright despite them being legal tender?
You seem to be laboring under the misconception that people don’t want to pay for things by card.
Card payments are more convenient than cash.
They rely on a network, which costs money. Yes, the fees exceed the cost, which allows the network provider to make a profit. However, if the profit was excessive there would be alternatives, and most Australian’s will be invested in that payment network through their super anyway.
In summary, consumers are enjoying convenience in exchange for a fee. You personally might find the fee unreasonable but you’re the minority.
You seem fixated on the idea that when paying with cash you will be burdened with the card fee even though you’re not availing yourself of that service. I’m a self employed consultant. The vast majority of customers pay electronically, by bank transfer. A few times a year someone wants to pay with cash, so I have to make a special trip to the ATM to deposit it just for them. Handling cash has a non-trivial cost.
No, I hate cash and love the convenience of card via phone. I just don’t think it’s fair that if someone chooses to pay via cash, or a lower surcharge card, etc, that they are burdened with the cost of every one else’s choice. I’m happy to pay extra for what’s convenient for me and I think this concept of card fees meaning you don’t pay the “real cost” is idealogical nonsense, especially when you can get service fees, convenience fees, digital ticket fee, etc, etc. A good change would have been regulating reasonable costs by the bank.
You seem to have missed my point.
In my business cash is much more costly than card payments.
Cards are absolutely subsidising the people who pay cash.