in a lot of places it wasn’t government restrictions, but contract restrictions - where visa ( et al ) didn’t let you charge different prices as part of the permission to use their service
if that’s changing, that’s great.
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Yeah, that changed a few years back, don’t recall exactly when.
However, even before that Specs had a Card Price and a Cash / Debit price. Not sure how they managed that.
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You’ve got to pay tax on 100% of your credit card transactions.
It costs 21cents to process a 100dollar card transaction. The cost of handling cash is going to be higher than the cost of credit card transactions. Businesses are just less aware of the costs associated with cash because they don’t typically think about wages in such a granular way. However, card processing fees are listed as an itemised cost by the processor and some businesses resent paying them.
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Regardless of the denomination, just call the next coin a Threenie and be done with it.
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I was at a grocery store recently buying a snack. Instead of paying with my phone, I had a bunch of fives in my wallet and pulled out two knowing the total would be <$10.
The total came to $8.02. Instantly regretted it, especially after seeing the annoyed look on the cashier’s face. Everything but the quarters went in a donation cup.
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The Quincy.
Though I admit it’d be weird for a Canadian coin name to reference an American president. I guess he was Secretary of State when the Treaty of 1818 was signed.
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That’s a funny of saying “A mystery/detective TV show from c.1980.”
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why not both.gif
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The choice in this context is not between cash and cards, it’s between bills and coins. Coins are cheaper for the country to maintain in the long run, which is why Canada has been pretty proactive about eliminating bills.
Going cashless has lots of known issues, particularly for disenfranchised people. In particular, cards require a bank account, which requires a fixed address. We need to solve those problems before going cashless or we’ll create a massive economic injustice problem.
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it’s definitely not as transparent as that. usually there’s a fixed price and a percentage, and they take which ever is greater.
it makes sense to resent it. small businesses have very little leverage over these contracts. the customers want the convenience ( understandably ) so there’s not much of a choice for them
i really think this should be considered a utility at this point. if we had a postal banking system still, it feels like they’d be the best to pick it up.
dunno what specs is, but some businesses just ignore the contract and do whatever anyway. not sure if that’s more or less risky for them then the many coffee shops and restaurants choosing to play unlicensed music 
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Here in Australia we still have the law on the books that has a hard limit on how many coins can be legal tender:
TL:DR coins are only good up to $5 worth
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I’ve no idea what a 1-trillion-dollar coin should look like, but at least we know what a 1-million (Canadian) dollar coin looks like: Thieves sentenced in heist of 100-kilo gold coin – DW – 02/20/2020 . It weighs 100 kilograms, which means the value of the metal is eight times the face value plus change.
One of these was stolen from a Berlin museum in 2017 and never recovered. There are supposed to be five others.
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