Spend Your Cash-Don’t Fund the Bank!

Date:

“Please understand what NOT using cash is doing. Cash is important. Why should we pay cash everywhere we can with banknotes instead of a credit card? I have a $50 banknote in my pocket. I’m 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 $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 (with a Card), and bank fees for my payment transaction charged to the seller are 3%, (so around $1.50) and so will the fee $1.50 be for each further payment transaction or owner laundry or payments of the owner of the laundry shop, or payments of the barber, etc…

Therefore, after 30 transactions of the initial $50 there will remain only $5 and the remaining $45 became the property of the bank thanks to all digital transactions and fees.

Small businesses need your help and this is one way to help ourselves too. Pull small draws of cash out at a time and use that instead of tab, credit, etc.

When this is put into perspective, imagine what each retailer is paying on a monthly basis in fees at 3% per transaction through their POS machine.

If they have, for example, $50,000 in sales & 90% are by Card, they are paying $1500 in fees in ONE Month. $18,000 in a year! That comes out of their income every month.

That would go a long way to helping that small business provide for its family!-Wren Hope Rose

Share this article:

Please consider a "Donation From the Heart"

If you should care via check simply write it to Montana1stNews LLC and mail it to:
Montana1stNews LLC
P.O. Box 3253
Kalispell, MT 59903

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Sheehy and the SOS Delay (Will Zinke and Sheehy Swap Places at the Last Minute?)

To the best of our knowledge Tim Sheehy (the supposed Almighty MT Senate Sweetheart Candidate) has not yet...

Texas Fires: Where’s the Beef? (Down 1 Billion Pounds in the U.S.)

The following was posted on "X" this morning by 'Wall Street Apes'. Beef as we once knew it...

The Death of the ‘Montana Primaries’ (Central Committees and Pachyderms Are Questionable)

Montana Primary Elections are on a steady downhill roll all the way to the grave. The primaries...

Announcement! Rosendale Signs Up to Run for U.S. House of Representatives (MT 2nd Congressional District)

It's been a tumultuous last couple of days but with the outpouring of support, Matt Rosendale has decided...