True. Cash is still the primary payment method in central Europe (Germany, Austria, Switzerland, etc).
With cash you always have the overview of how much you carry around in your wallet. Cash is also a proven anonymous payment method. ATM are available everywhere and usually free (no service fee).
On the other hand online payment (ebanking, paypal) is popular too (for online shopping).
All payment methods (incl cash) come with some hidden fees and/or operating costs. And all have advantages and disadvantages.
Let's hope that cash will survive for a long time to come.
Comments
True. Cash is still the primary payment method in central Europe (Germany, Austria, Switzerland, etc).
With cash you always have the overview of how much you carry around in your wallet. Cash is also a proven anonymous payment method. ATM are available everywhere and usually free (no service fee).
On the other hand online payment (ebanking, paypal) is popular too (for online shopping).
All payment methods (incl cash) come with some hidden fees and/or operating costs. And all have advantages and disadvantages.
Let's hope that cash will survive for a long time to come.
"With cash you always have the overview of how much you carry around in your wallet."
Also, when you spend, something is removed from your wallet.