"Cash Only"

Still Farming

Member
Mixed Farmer
Location
South Wales UK
No it isn't.

Buying a car once,

' how you going to pay for'

'give you a cheque as usual'

'can't do that now, been stung with them'

'I'll go the bank and give it you in pound notes'

'Can't do that either, £500 is the limit for cash'

Ended up having to ring the bank and pay by card, I was at the point of telling him to stick the car where the sun doesn't shine, when he told me wherever I went it would be the same story.
How do the caravan fraternity buy all the posh merc's, range rovers and trucks then???
 

Bald n Grumpy

Member
Livestock Farmer
That's not legal to do that. If you offer cash they have to accept it, even business tell me that, cash is legal tender. What they do with it after is their problem. I don't use card other than over phone to pay my monthly accounts and fuel at garage. All the rest the chippy etc etc. It's cash only.
Not disagreeing with you just what I was told by someone who couldn't by an ice cream without a card.
 

Bald n Grumpy

Member
Livestock Farmer
Had a young lad(16) helping me at lambing this year a bit of a tear away so his dad sent him to me to work the bad behaviour out of him and keep him away from his mates, anyway he turned out to be a grafter and a really good help, so i offered him some a couple of hundered quid cash at he end of his stint. He said thanks very much but can you put it in my bank nobody uses cash anymore. When i was 16 if someone handed me that much i would have snatched there hand off. Nothing better than having folding money in your pocket as a young lad. Apparently not anymore.
NatWest been advertising on the radio a young persons bank account with a debit card. Minimum age is 6 years old . World's got mad :scratchhead:
 

Ploughmaster

Member
Location
Lincolnshire
.... cash is legal tender......
'Legal Tender' is a term with a very specific and limited definition, and which doesn't have any practical application in everyday transactions.

It also varies depending where you are: in England a Wales, legal tender covers Royal Mint issued banknotes and coins; in Scotland it is only Royal Mint issued coins, but not banknotes. In either, 1 penny and two penny coins are only counted as legal tender up to a value of 20p. Scottish banknotes don't class as legal tender anywhere (not even in Scotland!)

Cheques and cards are not counted as legal tender.

In legal terms, it is entirely up to the seller as to what form of payment they will accept or decline. There is no legal compunction to accept any particular form of payment.

No, it isn't.

'Can't do that either, £500 is the limit for cash'
The £500 will be the maximum that the business has decided that it will accept in cash payment. A seller may impose any limit on any form of payment that they wish, but there isn't any blanket legal restriction.
You won't buy a car with cash nor a house. There are laws against money laundering for precisely this kind of thing.
You can if you wish and the vendor will accept payment in cash. You just have to be able to show where that quantity of cash has come from to satisfy money laundering regs. There isn't any legal ceiling on the amount of a cash transaction.

Mind you, I doubt whether anyone would want to risk carrying tens or hundreds of pounds around to do so?
 

Daddy Pig

Member
Location
dorset
Pubs are different,as said above,they are based on turnover to ascertain a fair maintainable rent,other wise why would I have to produce my turnover figures to the VOA
I didn't know that, must adversely affect pubs like Weatherspoons who have high turnover but lower gross margins
 

milkloss

Member
Livestock Farmer
Location
East Sussex
Was it Clive?
Best laugh I’ve had for ages that. He’s got a small business and worked very hard all his life. Not sure where it came from, one of those situations where it’s best not ask and just carry on. I know it wasn’t crime but then it’s probably illegal to have that much cash nowadays.
 

Bald n Grumpy

Member
Livestock Farmer
What’s wrong with that? Would you rather kids weren’t given the tools that they’ll need in later life?
Fair point but at 6 I think they'd be better of learning with the real thing (cash). I can think of quite a few young people who never see cash and have a handful of cards. they're mostly in debt with bad credit rating and no chance of borrowing for their future (homes etc)
 

Hampton

Member
BASIS
Location
Shropshire
I went to a pub near a Premiership football ground recently, just after kick off. Signs up on beer taps “Cash only”. I only had card, they said “It’s ok, we just put those signs up when we’re busy to speed up serving.” Occurred to me that contactless card is probably quicker than taking cash, giving change, etc 🤔
Maybe, but if pints are a fiver then easily worked with notes
 

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