cross-posted from: https://slrpnk.net/post/11683421
The EU has quietly imposed cash limits EU-wide:
- €3k limit on anonymous payments
- €10k limit regardless (link which also lists state-by-state limits).
From the jailed¹ article:
An EU-wide maximum limit of €10 000 is set for cash payments, which will make it harder for criminals to launder dirty money.
It will also strip dignity and autonomy from non-criminal adults, you nannying assholes!
In addition, according to the provisional agreement, obliged entities will need to identify and verify the identity of a person who carries out an occasional transaction in cash between €3 000 and €10 000.
The hunt for “money launderers” and “terrorists” is not likely meaningfully facilitated by depriving the privacy of people involved in small €3k transactions. It’s a bogus excuse for empowering a police surveillance state. It’s a shame how quietly this apparently happened. No news or chatter about it.
¹ the EU’s own website is an exclusive privacy-abusing Cloudflare site inaccessible several demographics of people. Sad that we need to rely on the website of a US library to get equitable access to official EU communication.
update
The Pirate party’s reaction is spot on. They also point out that cryptocurrency is affected. Which in the end amounts to forced banking.
#warOnCash
It’s an EU-wide thing now I think. Our car shops just say they can lower the price significantly if you pay by cash. Others just play dumb.
Our car shops just say they can lower the price significantly if you pay by cash.
Rightfully so. When telecoms and train travel vendors give discounts for paying online, it rewards consumers who are on the unethical side of the #warOnCash and rewards discrimination against the unbanked and punishes the poor. The elitist idea of discounting electronic payment harms everyone by promoting Bill Gates’ war on cash. Visa’s $10k incentive for merchants to refuse cash rewards the practice of excluding people and attacks privacy and autonomy. Whereas cash discounts encourage consumers to carry cash and to use it to support a system of inclusion, which is needed to show merchants on the edge of introducing exclusion that cash acceptance is important.
Prices should be the same regardless of the payment method, but let’s not pretend the “discount” you get when paying cash is anything but tax evasion.
Prices should be the same regardless of the payment method
“If you are neutral in situations of injustice, you have chosen the side of the oppressor. If an elephant has its foot on the tail of a mouse, and you say that you are neutral, the mouse will not appreciate your neutrality.”
― Desmond Tutu
but let’s not pretend the “discount” you get when paying cash is anything but tax evasion.
Let’s not pretend Visa, Mastercard, and American Express give free service to merchants. Let’s not pretend the costs of loss of business when a card fails, or the equipment malfunctions is zero. Let’s not pretend there is zero value in having cash to facilitate situations where wait staff shares their tips with the kitchen staff¹, or that having petty cash on-hand is not useful for small incidental costs. Let’s not pretend the transactions a company does is not sensitive information and that data brokers selling that info to competitors is free of detriment.
¹ I recently asked a restaurant for cash back. They said in principle they are willing to give cash back, but so few customers pay in cash that they often cannot share their (presumably electronic) tips with the kitchen staff. Their problem (as I see it) is they gave no incentive to pay with cash.
