B & B Electrical Wagga PtyLtd

23/09/2024

20/12/2023

21/12/2022

So very true

Why should we pay cash everywhere with banknotes instead of a card ?

- I have a $50 banknote in my pocket. Going to a restaurant and paying for dinner with it.

The restaurant owner then uses the bill to pay for the laundry.

The laundry owner then uses the bill to pay the barber.

The barber will then use the bill for shopping.

After an unlimited number of payments, it will still remain a $50 value, which has fulfilled its purpose to everyone who used it for payment and the bank has jumped dry from every cash payment transaction made.

BUT

IF I come to a restaurant and pay digitally via Card,

- the bank fees for my payment transaction charged to the seller are 3%, so around $1.50

( and so will be the fee of $1.50 for each further payment transaction )

-for the owner re laundry or
- payments of the owner of the laundry shop,
- or payments of the barber etc.....

Therefore, after 30 transactions, the initial $50 will exist at only $5 and the remaining $45 has become the property of the bank … thanks to all of the digital transactions and fees!

Use it or lose it folks…

Once it’s gone we won’t get it back!

Cash is king!

16/09/2022

Installation of new Sub board at a local joinery

16/08/2022

We do small install work at industrial sites

16/08/2022

Quick reliable 24/7 breakdown service

20/05/2020

Coming soon Test & Tag with the latest testing machine developed and made here in Australia full records emailed direct to your work place. Qualified Electrician to make repairs on the day