Someone posted this on FB and it came across my newsfeed the other day. As a small business owner, still feeling the pinch from previous Covid restrictions/shutdowns and now the ever increasing inflation, I FEEL THIS!
"Please understand what not using cash is doing !!! Cash is important!
Why should we pay cash everywhere with banknotes instead of a card?
- I have a $50 banknote in my pocket. Going to a restaurant and paying for dinner with it. The restaurant owner then uses the bill to pay for the laundry. The laundry owner then uses the bill to pay the barber. The barber will then use the bill for shopping. After an unlimited number of payments, it will still remain a $50, which has fulfilled its purpose to everyone who used it for payment and the bank has jumped dry from every cash payment transaction made...
- But if I come to a restaurant and pay digitally - Card, bank fees for my payment transaction charged to the seller are 3%, so around $1.50 and so will the fee $1.50 for each further payment transaction or owner re laundry or payments of the owner of the laundry shop, or payments of the barber etc..... Therefore, after 30 transactions, the initial $50 will remain only $5 and the remaining $45 became the property of the bank thanks to all digital transactions and fees."
Now, it might not exactly work that way, but this person gets it. Your cashless payment is sent down the line for others to take their piece before it lands in the business' bank account!
Credit cards do take the largest percentage, debit cards much less. How else do you think the credit companies can afford to reimburse you if your card is stolen and tapped all over town for purchases before you notice it's gone?! Not only do they raise your interest rates to pay for all of these "extra perks and safety features", they also get it from the other side of the transaction too!
We have been looking at other affordable options for taking cashless payments but the options are few and far between. Shopping around for a new contract and terminal is confusing and time consuming. The best thing you can do to support your local small businesses is to pay by cash, or by debit.
Knowing that not everyone wants to be surprised by their advent wines, we have listed it a couple of different ways.
For "All the Info", click HERE - each number's descriptions and everything else you need to know about each wine.
For the "Descriptions Only", click HERE - test your wine tasting skills, try to name the varietal, check here to find a wine that might pair nicely with tonight's meal.
Or, if you just want to know the name of the wine, click the image below for the corresponding day.
Please remember that even though it's an advent calendar, we don't expect you to drink a bottle a day. Always drink safely and in moderation.
We'd love to have your feedback on these wines. Feel free to drop us a comment. Cheers!