withdrawing/carrying lots of cash

[badkuk]

almost every week i read about people getting robbed of hundreds of thousands of pesos in cash. why do people prefer to withdraw or carry cash when there are alternatives(e.g. wire transfer, check, payroll via atm)?

[v6dreamer]

almost every week i read about people getting robbed of hundreds of thousands of pesos in cash. why do people prefer to withdraw or carry cash when there are alternatives(e.g. wire transfer, check, payroll via atm)?

Depende kasi sa transaction minsan cash only ang bayaran. Ang check naman ay very few ang tumatanggap kasi umiiwas lang sila sa talbog(bad check). What you have said is much much convenient to transact pero hindi mo parin maiwasan ang maluko dahil there is always watching behind your back.

[badkuk]

well, dun sa payroll in particular; di ba mas mabuti na diretso na lang sa atm account ng empleyado, kesa magwithdraw pa sa bangko? why do some companies insist on doing that? para makatipid sa charges/fees with the atm setup?

[creepy]

A lot of people don't have bank accounts kaya physical cash pa rin ang pang-sweldo.

[badkuk]

hmmm...afaik, pag payroll account, pumapayag naman ung bangko na maging 0.00 ung account....and the company would handle the opening of the accounts. all that's needed is some basic info from the employee

[tidus1203]

And normally small companies still pay via cash since its not worth it to setup a payroll account just for the sake of paying what 10-20 employees....

[niky]

We're still a third world country.

While it's ridiculously easy to arrange payroll via bank, some companies still do things the old fashioned way... especially, as said... if the payroll itself isn't too large.

But if your payroll is large enough that you have a courier carrying millions in cash...well, you're just asking for trouble.

[Cons Santos]

if carrying big cash can not be avoided like.. paying something or some one.. ipa managers check nyo to be safe sa hold up.. 50 petot lang bayad nyan sa banko. managers check is as good as cash..

[boybi]

Not everyone accept MCs. And MCs, just like ordinary checks, will undergo a 3-day clearing. And there are also fake MCs.

[_Cathy_]

what a difference a decade makes. I used to be a cash person too but I was kinda forced to evolve. Since the pandemic I rarely used cash anymore. It's mostly GCASH, Online bank transfer and credit cards.

I was shocked that in the US there are places that do NOT accept cash payments anymore. I have not touched my cash yet It makes me wonder, may mga tao pa ba that use cash exclusively pa rin?

[dr. d]

what a difference a decade makes. I used to be a cash person too but I was kinda forced to evolve. Since the pandemic I rarely used cash anymore. It's mostly GCASH, Online bank transfer and credit cards.

I was shocked that in the US there are places that do NOT accept cash payments anymore. I have not touched my cash yet It makes me wonder, may mga tao pa ba that use cash exclusively pa rin?

i pay in cash, if i can.
i pay cash, when doing groceries.

i find it dangerous (to me!), if i can pay in a more convenient manner. kasi, mas ma-e-engganyo akong bumili at gumastos.
of course, buying cars, condoes, and real estate via cash, is a bit... arduous... i use MC...

[StockEngine]

what a difference a decade makes. I used to be a cash person too but I was kinda forced to evolve. Since the pandemic I rarely used cash anymore. It's mostly GCASH, Online bank transfer and credit cards.

I was shocked that in the US there are places that do NOT accept cash payments anymore. I have not touched my cash yet It makes me wonder, may mga tao pa ba that use cash exclusively pa rin?

majority of my peers and shoppers here use NFC. contactless payments with e-receipts...

[_Cathy_]

i pay in cash, if i can.
i pay cash, when doing groceries.

i find it dangerous (to me!), if i can pay in a more convenient manner. kasi, mas ma-e-engganyo akong bumili at gumastos.
of course, buying cars, condoes, and real estate via cash, is a bit... arduous... i use MC...

It's true re nakakaenganyo gumastos, ewan ko magkano na balance ng card ko. They make it way too convenient to use a card. No need for signatures. Good thing my Auntie gave me a budget for shopping hehehe. Lagot lang if you lose your card kasi nobody even verifies it anymore, just insert the card sa machine lang. Sa Pilipinas kasi parang na ha hassle cashiers ang card

[gongrhey]

I changed my wallet to a small one yung lagayan na lng ng card. May cash pa ring dala pero small amount lang. Where I am kasi most of the transactions are done thru debit/credit card kahit maliliit na amount.

Agree na minsan napapagastos ka ng malaki kasi akala mo marami kang cash kasi puro card transaction pero malaki na rin pala ang bill ng credit card mo. Ang dami pang mga cashback or point system para maenganyo ka to use the CC.

[EQAddict]

I had a surreal experience the other day regarding this topic. Suffice it to say i was super praning paranoid while it happened.

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[_Cathy_]

I had a surreal experience the other day regarding this topic. Suffice it to say i was super praning paranoid while it happened.

Sent from my SM-G998B using Tsikot Forums mobile app

What happened?

I'm glad you're back posting [emoji5]

Sent from my SM-N960F using Tapatalk

[dr. d]

It's true re nakakaenganyo gumastos, ewan ko magkano na balance ng card ko. They make it way too convenient to use a card. No need for signatures. Good thing my Auntie gave me a budget for shopping hehehe. Lagot lang if you lose your card kasi nobody even verifies it anymore, just insert the card sa machine lang. Sa Pilipinas kasi parang na ha hassle cashiers ang card

i am reminded of an old story here in the phils.
to cashier: "bat mo tinanggap yung credit card! kitang kita naman sa picture sa card, na hindi yung may-ari ang gumagamit. malay mo kung 'nakaw yon!"

[EQAddict]

What happened?

I'm glad you're back posting [emoji5]

Sent from my SM-N960F using Tapatalk

I didnt even know tsikot was back and running.

Randomly tried my tsikot app and it worked. Had given up all hope that the site would resurrect. Hehe.




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[_Cathy_]

I didnt even know tsikot was back and running.

Randomly tried my tsikot app and it worked. Had given up all hope that the site would resurrect. Hehe.


Sent from my SM-G998B using Tsikot Forums mobile app

I was able to access only in Dec 11 (after 2 weeks) through browser but others are able to access the browser since November. I think Tapatalk was restored a few days ago lang

[XTO]

It's alway better to have cash. Several 1K, 500 sa wallet. Puro bago yan para mabango wallet[emoji106] kumbaga buffer. Di naman mapapanis yang pera. Karamihan tanggap na ng bank transfer etc. kahit online seller.

Those hundreds, 50s na luma direcho sa bulsa para una gastusin. Sabi nga ni erpat e kung makabasag ka ng paso.....

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