Why Paying in Cash Could Cost You Extra

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 7 June 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

More customers are facing a fee when they choose to pay in cash. WSJ personal-finance reporter Oyin Adedoyin joins host J.R. Whalen to discuss how the extra charge could change the way you purchase items like popcorn at the ballpark or merch at a concert. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	O. C.I. is the single platform for your infrastructure, database, application development, and AI needs.
0:06.0	Do more and spend less like Uber 8 by 8 and Databrics Mosaic.
0:11.0	Take a free test drive of OCI at oracle.com
0:14.4	slash Wall Street.
0:17.0	Here's your money briefing for Friday June 7th. I'm J.R. Waylan for the Wall Street Journal.
0:26.5	Paying with cash used to be a way to get a discount at a store and avoid paying credit
0:30.9	card processing fees.
0:32.8	But consumers paying with paper money
0:35.1	are being hit with fees as well.
0:37.4	For some businesses, it is more cost effective
0:39.7	to avoid those credit card processing fees
0:42.2	and just take cash. But for other businesses
0:44.3	it's more of a hassle and so they're cutting that part completely out. We'll talk to
0:49.2	Wall Street Journal personal finance reporter O'yan Ad a doyan. After the break. AI may be the most important new computer technology ever, but AI needs a lot of processing
1:14.8	speed and that gets expensive fast.
1:17.2	Upgrade to the next generation of the cloud, Oracle Cloud Infrastructure or OCI.
1:22.2	OCI is the single platform for your infrastructure, database, application development, and AI needs.
1:28.0	Do more and spend less like Uber, 8 by 8 and Databroix mosaic.
1:33.0	Take a free test drive of OCI at oracle.com slash Wall Street.
1:37.3	Oracle dot com slash Wall Street. Consumers who want to make purchases with cash are often hit with fees.
1:50.0	Wall Street Journal personal finance reporter O'ian Adadoyan joins me.
1:55.0	O'ian, the Federal Reserve says that cash was still the third most popular form of payment
	...

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