Yes, we have phone-based payments in the US, too.

Some people will want cash for in person transactions but it's more rare. In the US you run into a lot of people who don't trust phones, technology, tech companies, the government, or any other number of reasons to demand physical payments.

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Alupis 15 hours ago | parent [-]

> Some people will want cash for in person transactions but it's more rare. In the US you run into a lot of people who don't trust phones, technology, tech companies, the government

No, it's because majority of digital payment systems can be abused. Stolen accounts, payment disputes and more can cause a seller to lose the item and the money.

Cash is very, very hard to counterfeit, and there's inexpensive devices[1] to virtually guarantee a bill is genuine. There's no post-transaction fraud scheme that works once cash had exchanged hands.

[1] https://www.walmart.com/ip/PG-MONEY-TESTER-PEN/5487005062

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kube-system 15 hours ago | parent [-]

> There's no post-transaction fraud scheme that works once cash had exchanged hands.

Yes but it is vulnerable to other fraud schemes, like misrepresentation or theft.

But yeah, when faced with the possibility of fraud many people instinctively retreat from the unknown (technology) to the easily understood realities of cold hard cash. Its biggest advantage is ease of understanding.

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Alupis 15 hours ago | parent [-]

I assert it's more than that. Even Zelle can be susceptible to post-transaction fraud schemes.

Yes, someone can steal your cash - but they can also steal your item.

Setting aside theft - cash is simply the most secure way to ensure you keep your money post-transaction. There is no fraud mechanism to abuse, and no way to reclaim cash once in-hand.

For anything of value, the "old school" rules of meeting in a very public place and only accepting cash are still really sound.

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kube-system 15 hours ago | parent [-]

Of course there is fraud risk with cash, it is just all on the buyers end of the transaction.

People are still getting scammed with cash every day with fake/locked/misrepresented/stolen items being sold on marketplace sites.

All of the legitimate reasons to reverse a reversible transaction is a fraud vector that cash is vulnerable to. That’s why reversible transactions exist.

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Alupis an hour ago | parent [-]

> fake/locked/misrepresented/stolen items being sold on marketplace sites

100% of the risks you mention are still true with digital transactions. The difference is with cash, you close the door on literal fraudulent transaction claims or stolen accounts. It's vastly safer than digital transactions for in-person sales.

To be blunt - with cash, the buyer can't go home and file an unauthorized/fraud complaint with anyone - the seller has cash-in-hand, is anonymous, and the transaction is non-reversible. That's a benefit for these types of transactions, and one you seem to be overlooking.

If you're selling your couch on Facebook Marketplace - cash is king.

	▲	kube-system 42 minutes ago \| parent [-]
		Yes, I understand that buyers can fraudulently file chargebacks with some forms of digital payment. I never said otherwise. I am disputing your repeated and false claim that there are no fraud vectors with cash. No payment method prevents fraud.