Do you know what is quasi cash?

tsaeb:

In this instance it would most likely be a credit transaction (one via the internet is a good example) either by a bank debit card or a credit card.

The definition of quasi is that which resembles something, or is treated as if it were the thing it resembles.

I didn't find a direct definition of quasi-cash, but I imagine I'm not far off the mark.

It's possible someone else may have a more comprehensive definition.

I found a few definitions that all said more or less the same thing.

Quasi-Cash Transaction - A transaction representing a merchant’s sale of items that are directly convertible to cash, such as: gaming chips, money orders, opening deposits, wire transfer money orders, etc.

http://www.fdms.com/glossary.asp#Q

I called one of my credit cards, and I was told that quasi cash is money borrowed by credit card through an ATM machine present in a casino. Since the fee being charged was 1% higher than for other cash advances, I told the credit card's representative that it seems that the credit card company is trying to discourage gambling--much as a sin tax is placed on cigarettes to discourage smoking.

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much as a sin tax is placed on cigarettes to discourage smoking.

HAHAHAHAHA.

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Originally posted by juanruiz:

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much as a sin tax is placed on cigarettes to discourage smoking.

HAHAHAHAHA.

Don't mock, JR ! Why, over here in Europe we have a sin tax to discourage driving. It's currently at a level of over $5 tax on a gallon Don't tell anyone,but it works.

Is it just a coincidence that governments' great altruistic plans always end up with them separating citizens from their money?

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Originally posted by juanruiz:
Is it just a coincidence that governments' great altruistic plans always end up with them separating citizens from their money?

Yes It's coincidence that it costs = $16 to drive a car into central London, followed by a penalty of $120 to $240 for not paying within 24 hours, and why our local authority collects the household rubbish from homes only once every two weeks (first week green recyclable plant material, second week everything else) to save the planet (under penalty for non-compliance with whatever petty rule they can invent).Funny how saving the planet involves the authority in less work for more money ! For some unaccountable reason, my London address (in a block of apartments)has collections every day. Can't imagine how they get away with it

The fuel has always been expensive. Many years ago the government of the day thought, correctly, that only the rich would have a car and they would neither notice nor care if the fuel cost quite a lot.Like income tax before it, this levy became accepted as the norm. At about the same time, they also hit upon the idea of taxing people for buying and keeping a car. They taxed the car according to its notional horsepower. Nowadays they tax the keeper annually per car on a similar basis, one broadly based upon its supposed pollution. Nobody is fooled by this enthusiastic protection of the environment.In general, the bigger and more expensive machines attract more tax.People who can afford them can afford the extra levy and are not likely to trade in their expensive car for the sake of saving what, to them, is an insignificant amount.