alt Hacker News> At least in Germany in particular older people prefer to pay cash if possible
Sure, but that's for small, everyday amounts. For values upwards of 500€, I think the familiarity of paying cash would be swamped by the nervousness of carrying way too much money with you, what if it gets stolen?
> this gives the banks also less leverage with respect to abhorent fees
The only time my bank has ever charged me a per-transaction fee was, ironically, when I withdrew cash abroad using my credit card.
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harrison_clarke • last Saturday at 4:08 PM
and even if you do want to carry that much cash, surely you'd want a fatter wad with smaller bills, right?
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When I bought a piece of furniture in Germany, I had to pay 1/3 right there in the store. They accepted various cards. When it was delivered, I had to pay the remaining balance (four digits) in cash. No other option.
Also, I believe when buying used cars and such, most people still prefer cash transactions.