Credit card spending overtook cash payments in 2018 in terms of the value of sales made, according to the British Retail Consortium (BRC). The popularity of plastic pushed cash into third place, with debit cards remaining the most popular payment method, the BRC's payments survey said. Last year, debit cards accounted for 56.8% of sales by value, while credit and charge cards accounted for 21.5% and cash made up 20.4% of the total. It meant that plastic accounted for nearly 80% of retail sales by value last year. Cash was used to pay for £77.7 billion worth of goods in 2018, compared with £80.6 billion in 2017 when it accounted for 22% of sales value and credit and charge cards made up 20.8%. But in terms of the volume of payments made, cash remained the second most popular payment method, with coins and notes still commonly used for smaller transactions. Last year, 9.3 billion transactions were made by debit card, 7.7 billion were in cash and 2.6 billion were made using … [Read more...] about Credit cards now more commonly used than cash
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Chinese mother sells twin sons to pay off her credit card bills
A young Chinese mother has sold her newborn twin sons to pay off her credit card bills. The boys, who were not even two weeks old at the time, were sold for 65,000 yuan (NZ$14,185) to two families. The strangers are said to be located more than 700 kilometres away from the mother's hometown in eastern China, the Daily Mail reports. The mother, in her 20s, used the money to purchase a new phone and pay off her credit card bills. Human trafficking in NZ likely thanks to Chinese immigrants - expert Auckland mother jailed for turning daughter into sex slave The woman and her partner have since been arrested. The case was revealed by Cixi police in Zhejiang Province on Saturday (NZ time). Police say the woman, identified by her surname Ma, gave birth to the twins last September. The babies were said to be premature and had to be put into incubators. The partner, identified by his surname Wu, didn't attend the birth and his parents refused to help Ma. Viewing the children as a … [Read more...] about Chinese mother sells twin sons to pay off her credit card bills
Apple and Goldman Sachs launch their credit card
FINDING THE One is never easy. Plenty of candidates are attractive at first, but their charms are deceptive, or simply fade. Others for whom you pine spurn you. As with love, so it is with credit cards. Bonus offers are tempting, but also fleeting. Reward points pile up, yet linger unused. Unexpected fees sting. But now there is a sexy new stranger for Americans to eye up. On August 20th Apple launched its long-awaited credit card, in partnership with Goldman Sachs, a Wall Street firm pushing into digital consumer banking. Signing up takes about a minute. Approval (or rejection) is often instant. The card, delivered to the iPhone’s wallet app, may be used at once. (A physical titanium version will arrive in the post.) There are no fees for using the card, or even for missed payments. Instead of making you wait until the end of the month for rewards, Apple pays cash daily. Get our daily newsletter Upgrade your inbox and get our Daily Dispatch and Editor's Picks. The allure … [Read more...] about Apple and Goldman Sachs launch their credit card
Tori Spelling still owes $87K on AMEX credit card from 2016
She became a staple in the entertainment industry after starring on her father's popular teen drama, Beverly Hills, 90210. But Tori Spelling is still facing legal troubles as Radar Online reported the actress has yet to pay off a hearty American Express credit card bill. Court documents revealed that the 46-year-old owes AMEX $87,9723.25, a value she has yet to payback despite being ordered to hand over the money more than three years ago. Yikes: Tori Spelling is still facing legal troubles as Radar Online reported the actress has yet to pay off a hearty American Express credit card bill The credit card company sued Spelling in January 2016 for failing to pay her bill. RELATED ARTICLES Previous 1 Next BH90210: Fox's meta reboot takes a dark and sinister turn as... Tori Spelling and Jenni Garth earning most on BH90210 as... BH90201 star Gabrielle Carteris reveals she lied about her... BH90210 premiere: The original Beverly Hills 90210 cast pays... Share this … [Read more...] about Tori Spelling still owes $87K on AMEX credit card from 2016
Why Notts fans should buy season tickets on credit cards
Notts County supporters can protect themselves from losing money on season ticket purchases by paying with credit cards. With the new season just eight weeks away, the Magpies are still threatened by the possibility of administration or liquidation. On Monday, the Post reported that the National League were understood to be concerned about the lack of progress with Notts' takeover and with the identities of those looking to buy the club. An upcoming High court hearing on July 10 could see the club fall into administration or be liquidated over a £250,000 unpaid tax bill. If the worst case scenario of liquidation happens, legal protection is available to supporters should they make season ticket purchases with credit cards, and card companies have no choice about it. With purchases costing over £100, credit card companies are "equally liable as the retailer" under Section 75 of the Consumer Credit Act. Whatever rights fans would have held with purchases from the football club, … [Read more...] about Why Notts fans should buy season tickets on credit cards