Cash is King or Not?

Wilksy

Member
Location
East Riding
I’ve not been to races for years do the bookmakers on site have means to take card payments now?
also I save two pound coins in sealed piggy bank (tin), cut open when it’s full job, I did it with quid coins once and got £400 we bought a dog with it! Need a bloody big Tin to buy a dog now
 
Apologies, although as my location is shown I didn’t see it as necessary to put it on every post. In your drive for Global Britain it may be useful to understand how the rest of the world operates, cheques are not used here In New Zealand and banks no longer accept them, I haven’t used one for around 10 years, too much hassle and easier to pay on line or via card, the payment is simple and if payment is via same bank is shown as cleared straight away, payments between different banks may take a couple of hours.
Locations don’t show on the mobile app unless you actually click on the persons profile.
 
Eh, while the forum might be UK based and has participants from around the world it could be said that location in this interweb world is irrelevant.
I would suspect that the global inputs from a diverse individuals to show people in the UK hows things are done globally highlight the differences is a an integral part of why this forum is so successful.
Does it really matter with ones opinion that they are from Milton Keynes , Dildo, Crotch Lake or Big Beaver!!!
As explained if accessing the forum from a mobile you can’t see people locations so it was presumed the comments were from a U.K. based person and the fact the statement was so wide of the current mark in the U.K. is what created the confusion.
 

TheTallGuy

Member
Location
Cambridgeshire
We use one card with the option at the checkout to either have this paid via a Credit Card or direct from the bank, Credit Card payments attract a fee so retailers do not like them, many retailers either pass the charge on to the customer or simply refuse to take Credit Cards, bank card is just a glorified cheque book, payments go into the bank same day, if payment is the same bank then it shows immediately and is available funds, down side is that if you are paying online and make a stuff up the money hand gone from your account and you have to get it back which is why I tend to set up monthly payments before they are due, I can then edit them in the event of a stuff up.
As previously mentioned NZ is used by some of the banks for their trail work, 1. because we are a small economy and 2. because Kiwis are not averse to technology so will try it out.
I've just had a read up on Eftpos transactions in NZ & according to both the primary processors settlement is usually end of trade/overnight and can be affected by weekends etc, so is not an instant transaction into the bank account of the merchant. A few years back the law was changed here such that businesses couldn't pass on the higher fees that credit card transactions attract, so many just refuse credit cards altogether.
 
As explained if accessing the forum from a mobile you can’t see people locations so it was presumed the comments were from a U.K. based person and the fact the statement was so wide of the current mark in the U.K. is what created the confusion.
How can anyone get confused over what Stewart said or wrote???
As for location I was just on the other side of Tauranga yesterday......🤔😉😁
 

stewart

Member
Horticulture
Location
Bay of Plenty NZ
I've just had a read up on Eftpos transactions in NZ & according to both the primary processors settlement is usually end of trade/overnight and can be affected by weekends etc, so is not an instant transaction into the bank account of the merchant. A few years back the law was changed here such that businesses couldn't pass on the higher fees that credit card transactions attract, so many just refuse credit cards altogether.
The reality is that EFTPOS transactions when both the buyer and seller have the same bank are instant, well mine are anyway, the funds are immediately available, I have been online when being paid and see the funds straight away, if buyer and seller are using different banks then it may take a couple of hours. Retailers do not like Credit Cards due to the charges, many of them pass these on or simply refuse to take Credit Cards.
Credit Card transactions also show up immediately on line, which is quite useful if the wife is out shopping.
 

Highland Mule

Member
Livestock Farmer
Is the transaction action fee just for a Credit Card or is it also applied to direct payments?
“Direct” payments don’t make use of any terminal, but would be done as a send from buyer - probably by app or website login.

Do you mean debit card transactions? I should imagine that particular device would charge for debit card, yes - someone has to pay it and they’re unlikely to be able to cross subsidise from credit.
 

Turnip

Member
I've just had a read up on Eftpos transactions in NZ & according to both the primary processors settlement is usually end of trade/overnight and can be affected by weekends etc, so is not an instant transaction into the bank account of the merchant. A few years back the law was changed here such that businesses couldn't pass on the higher fees that credit card transactions attract, so many just refuse credit cards altogether.
Then lets use the UK information as stated by Cheque and Credit Clearing Company and not some persons personal experience:

What are the clearing timescales with cheque imaging?
Typically, if a customer pays in a cheque on a weekday (before their bank or building society’s advertised cut-off time) they will be able to withdraw the funds by 23.59 on the next weekday (bank holidays excluded and provided the cheque doesn’t bounce). However, 23:59 will be the latest timescale that banks and building societies will be working to and some may allow their customers to access their funds earlier than this.
The advertised cut-off time will vary from bank to bank and building society to building society and according to how the cheque is paid in - for example: over the counter, by post, through an ATM or by mobile banking app or desktop scanner linked to online banking.
Customers need to talk to their bank or building society for more details.
If a customer pays in a cheque in at a Post Office, the above timescale will increase by at least one additional day. This is because the Post Office has to send the cheque to the customer’s bank. Once received by the customer’s bank the cheque will then be processed in line with the image-based cheque clearing timescales.

So at least 24 hours but can be longer depending on when the cutoff time is for their specific bank, and this is for the newest cheque imaging system.
 

Update on the Sustainable Farming Incentive pilot

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Update on the Sustainable Farming Incentive pilot

Written by Lisa Applin

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In July, we opened the applications window for farmers to join our Sustainable Farming Incentive pilot.

The Sustainable Farming Incentive is 1 of the 3 new environmental land management schemes. It sits alongside the future Local Nature Recovery and Landscape Recovery schemes.

Through the Sustainable Farming Incentive, farmers will be paid for environmentally sustainable actions – ones that are simple to do and do not require previous agri-environment scheme experience.

We are piloting the scheme to...
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