posted by
mrpg
on Sunday July 29 2018, @11:45AM
from the they're-gonna-be-hacked-in-six-months-tops dept.
from the they're-gonna-be-hacked-in-six-months-tops dept.
Submitted via IRC for AndyTheAbsurd
[...] Artists entertaining at specific spaces along the Royal Mile will be equipped with special readers to take fixed-amount payments.
It comes after feedback which noted a drop in the number of people carrying cash.
[...] Street performer Scott Hutchison said: "Until now, I've relied on cash contributions from audiences and I have definitely noticed a dip as the number of people carrying cash has decreased.
Source: Street Performers to Take Contactless Tips at Edinburgh Fringe
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Street Performers to Take Contactless Tips at Edinburgh Fringe
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(Score: 2, Insightful) by Anonymous Coward on Sunday July 29 2018, @12:23PM (2 children)
Say no to the cashless society. [theguardian.com]
(Score: 3, Funny) by realDonaldTrump on Sunday July 29 2018, @01:03PM (1 child)
One thing about cash, it's very private. A lot of times that's a great thing. Sometimes, not so great. But I always ask for the receipt, and that's the best of both worlds. Another thing, there's no take-backs with cash. You know you've paid -- or gotten paid. When I was in the real estate business, we would get so many cash buyers. They'd come in with a big box of cash and buy an apartment -- or a whole floor of a building. Great customers. Another thing about cash, it always works. They have so much cyber now, this thing where I guess you wave your phone around. But it's not 100%, sometimes it has problems. They have to do the reboot, very slow. I try to always keep a little cash -- $20,000 or so -- in my wallet. Because sometimes I want something VERY FAST or I want it VERY PRIVATE.
(Score: 3, Insightful) by mcgrew on Sunday July 29 2018, @04:51PM
There are still a couple of places here in town that take only cash. When the tornadoes hit here in March 2006 power was out for a week, meaning the bank was closed, ATMs didn't work, and most places that stayed open in the dark or had emergency lighting could only take cash; no power, no credit card readers.
My cats would have gone hungry had I not found an old store that still had the old fashioned card reader that used carbon paper.
Carbon, The only element in the known universe to ever gain sentience
(Score: 5, Insightful) by Anonymous Coward on Sunday July 29 2018, @02:14PM (3 children)
It's not because artists are making less in their hats, it's because the event is sponsored by a bank.
(Score: 2) by Nuke on Sunday July 29 2018, @03:35PM
Well spotted
(Score: 5, Insightful) by VLM on Sunday July 29 2018, @04:30PM
Ouchie, the 1.75% fee seems a little higher than the fee for cash, which remains 0%.
https://www.izettle.com/gb/pricing [izettle.com]
Also, at least in the USA, cash payments are usually not reported as income to the feds, thus the income tax rate is 0%, whereas "big brother inside" certainly dumps complete transaction logs to Big Brother, and euro-land is not famous for low income tax rates LOL, so the "effective loss of purchasing power" for the end user is likely a bit larger than the reported 1.75%
Finally.. the name .. izettle .. which was purchased by the paypal axis of evil early this year, BTW... but that name, oh... See thats German for i- as in internet dash scattering stuff around, so its like internet identify theft, which is probably not the marketing message they were hoping far; almost as bad as the possibly apocryphal "Chevy No Va" not selling well to Spanish speakers because "no va" means convert it into a low rider in Spanish oh shit no I think it actually means "no go" when translated back to English. So makes sense they're running under this marketing name in Scotland and not Berlin. Hello fellow urban hipster, would you like to swipe your card in my identity theft slot, no sir, I mean zir, that is not a grindr metaphor it is in fact my extremely high fee cashless payment system, zir.
(Score: 2, Insightful) by Anonymous Coward on Sunday July 29 2018, @08:55PM
Street performer waves reader in front of audience soliciting contributions. Some step back quickly, but the reader has already taken contributions from not just one but all the contactless cards in their wallets.
(Score: 2) by Bot on Sunday July 29 2018, @09:36PM (1 child)
All we need now to convert to contactless is muggers.
Don't you like progress.
Account abandoned.
(Score: 0) by Anonymous Coward on Monday July 30 2018, @02:49PM
We already did this. Laser pointers! Blind em rob em run!
Duh
You been living under a rock?