This happens when nobody pays with cash anymore

Especially in the Corona crisis, many shops invite their customers to pay by card.

Cash seems to continue to lose importance - that has a disadvantage.

Update from September

,

: The

in Germany.

According to a report

from

, a recent survey by the consulting firm Strategy & PwC showed that 38 percent of customers in this country were meanwhile during the

Pay by card more often than before the crisis.

But that's not all: the majority of consumers who have changed their payment behavior stated that they wanted to keep this entirely or largely after the crisis, according to the report on

The preference for cash is declining - online banking is becoming increasingly popular

But elsewhere, too, shows that the

declining in Germany, the report said.

In this way, people in this country are

their

: Only about one in twelve bank customers refuse to use

, the world quotes from a study by the investment portal Weltsparen and the online business

bank

Penta.

More than one in three now check their account balance on a computer or smartphone every day.

You can also read:

Disadvantage: fewer and fewer bank branches in Germany

This has one disadvantage: the

.

"Ten years ago there were around 39,000 in Germany, the number has now fallen to around 27,000 according to the Bundesbank," reports Welt.de. Some banks have already announced that they will no longer open the branches that have been closed due to the lockdown.

Paying by card is becoming increasingly popular in the corona crisis

Articles from 03/08/2020:

With

- which is part of an increasing number of transactions as standard.

It is practical, works quickly and, especially in times of Corona, more and more retailers are enabling their customers to pay contactlessly.

However, consumers should pay attention to the fees that some banks incur when they pay with a debit or credit card.

But that's probably not the only reason why many Germans still hang on to cash.

According to a recent survey, every German carries an average of 89.22 euros in their wallet.

And precisely because money is no longer so easy for many consumers during the crisis, experts recommend paying more often with cash instead of cards - with the aim of keeping the money together more easily and ultimately saving money in everyday life.

You can also read:

Which payment method applies?

Pay attention to the sign at the entrance or till

But what if merchants or landlords

accept

in their shop or pub

?

Are you allowed to do that just like that?

“Basically, the principle of freedom of contract”, quoted the news portal NTV.de, Ulrich Binnebößel from the German trade association in Berlin.

Dealers and customers can therefore freely determine the content of the contract - including the type of payment.

According to the report, the merchant does not have to accept cash payments.

“Before concluding the contract, however, he must explicitly inform the customer which payment he will not accept.

A

at the

or at the

is sufficient, "reports the news portal.

According to the report, dealers are also allowed to specify

that they only

accept

.

For example, some gas stations would not accept large banknotes.

The motive behind it is to have enough change in the till to give the customer.

Conclusion: Consumers have to follow the customs in the business.

You should pay attention to the signs in good time - then there will be no misunderstandings at the checkout.

Maintain an overview

Practical and clear: A purse (promotional link) with a coin compartment, with enough space for notes and a case with several card slots.

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