Student pays tuition with 230 pounds of coins

I had a service business for twenty years.  I accepted credit cards for about a year (the bank charged me 4%).  They said the only way to get a better rate was to increase my volume.  I cured the problem by refusing to take credit cards.  When a customer wanted to pay by charge card, I sent them to the bank for a cash advance!  It worked and without costing me a cent.  I can't ever remember losing a customer because of it.

After my little local bank realized I did not accept cards any longer they offered me a 3% deal.  I told them to stick their 3% where the sun does not shine.  Instead of charging all people, merchants should offer discounts to those who pay cash.  That way, only those who rely on them get zapped. 

Let's see. When Visa was threatened (Durbin Amendment) with an interchange fee lowered to 12 cents from the 44 cents that they were charging, the stock dropped down to about $90 dollars. Visa cried foul, talked about how they won't make any money, gnashed their teeth and suggested that they might not even be able to survive.

Eventually they were told they can only charge 21 cents, less than half of what they were charging before, and now their stock is trading at over $148 dollars a share. I guess Wall Street didn't believe the same sob story that they were shoveling us.

I am 63-years old and have not used a credit card in 27-years, I stopped when American Express started charging to become a member and it's yearly fee.

Everything I buy is with cash period. My last automobile 2012 Cadillac STS was paid for in cash, when the dealer asked how I was going to finance it I said cash and paid them with a certified check.

The bank I deal with wanted to charge me for checks, I said if you do I will take out all my money and go somewhere else, they waived the fees.

It's amazing what you can get when you say the word CASH!