Why Are Germans Focused on Cash Payments?

The world of payments is rapidly shifting to the digital realm; however, some consumers persist in using cash, or payments with the same finality as cash.

Industry insiders expect cash will be near-obsolete in a few short years, but one European country seems to be headed in the opposite direction for now. Germans use cash more frequently than other countries. Research from the Federal Reserve found the these consumers use cash in 82 percent of their financial transactions. Debit cards make up 13 percent, while credit cards account for only 2 percent. Germans also tend to keep more cash in their wallets – $123 on average. This number is around twice that seen in other countries the Reserve studied. Americans carry $74 on average, while citizens in the Netherlands hold $51.

Germans don’t just like to make payments with cash; they demand the freedom to do so. A proposal to limit cash payments was met with severe backlash from consumers and political insiders alike. Earlier this year, the country introduced laws to ban cash payments greater than €5,000, The Guardian reported. The ban was an attempt to stem money laundering and prevent cash from being used to finance terrorism. These limits are common in other countries of the European Union, but various German political groups from both the left and the right condemned the idea.

“It would be fatal if citizens got the impression that cash is being gradually taken away from them,” Jens Weidmann, head of Germany’s central bank, said to German newspaper The Bild, according to The Guardian.

Even the newspaper itself was against the idea. It published an open letter in February 2016 which the publication encouraged readers to sign and send to the country’s finance minister.

The German obsession with cash grew so prevalent that citizens are even beginning to store their money at home. According to The Wall Street Journal, more Germans are taking money out of banks and keeping it in their own home vaults. The demand is so high that sales of personal safes for one manufacturer increased by 25 percent during the first half of 2016. Many such companies are at their limit in terms of production.

Why do Germans prefer cash?

In a world where electronic payments provide so much convenience, why are Germans so adamant about sticking with cash? One reason, PYMNTS.com noted, was security. German consumers believe cash is a safer payment method than other options.

To help combat these fears, businesses hoping to reach German consumers should partner with a payment processing company that is compliant with the Payment Card Industry Data Security Standards. In addition, the partner they choose should be able to accept a wide variety of payment options. Online retailers can generally only accept electronic forms of payment, but providing multiple ways for consumers to pay lets Germans choose a method that best suits their needs.

The Wall Street Journal pointed to another reason Germans are averse to electronic payments: inflation. With negative interest rates from the European Central Bank, German bank account holders could be charged for making deposits. Additionally, as Quartz mentioned, a history of hyperinflation made Germans wary of storing their money in banks.

Still, as payments continue to progress forward, it’s likely only a matter of time before Germans shift toward electronic options – especially if they want to engage in cross-border payments. Businesses will have to work harder to reach these consumers but shouldn’t give up hope.

Things You Need To Know Before Choosing a Food Logistics Company To Work With

For businesses involved in the food industry, logistics is an indispensable part of their process. This crucial element requires extra attention, if not, you may end up having food products that are rotten and can’t be used in your menu even before taking them into your storage or displaying them in your shelves. Choosing the wrong logistics service provider, a mini-mart or a grocery can may experience a huge risk of having canned or boxed products nearing their expiration date, making you display and put them on sale immediately so that you can cut some losses.

In this regard, choosing the most reliable food logistics companies as partner can help you avoid such issues that can put your business in risk of loss and affect your reputation. To help you choose the right food logistics company to work with, take time to check the following key attributes that can narrow down your choices and avoid a run-of-the-mill logistics company.

Experienced handler of food products

Experience is of course a quality that should be on the top of your list. However, a lot of logistics company can claim they have experience in food logistics and to make sure you get the services of one that isn’t lying, find out how many transactions they have handled, and for how many years have they been handling it. Additionally, you will need to find out how many satisfied customers the company serves in the food industry and what kinds of food products they have managed or handled.

Monitoring and maintaining product temperature integrity during the transit

In the food industry, the most important factor especially if you are consistently ordering and sending good are ones that are temperature-sensitive products. Temperature-sensitive food products, even the slightest change in temperature can turn them into something that isn’t fit to be fed even to pets. Hiring a logistics company that utilizes the best technology in monitoring and sustaining the quality of each food product before and during the transit is crucial.

Meet code date compliance and other picking rules

The main issue regarding food logistics is the expiration and life of each items. If you are in the food selling business, you need to avoid getting stuck with products that customers won’t buy due to its short shelf life. This is why it is very important to work with a logistics company that can ensure and maximize your product’s shelf life. They need to be able to fully comply with your requirements as well as the code and expiration dates and other important details about your order

Blocked Drains – Various Tools Used

There are many aspects of a building that need to work right so that the structure can be habitable and usable. The plumbing system of the building has to function properly to allow users to conveniently use the property. There should be a clean water supply and a drainage system, and all appliances that are connected to the water system should work properly.

These appliances are built to supply water and dispose of waste that is in small particles. However, there are times where large particles get into the drains through various means which results in blocked drains. Look at a plumber that are skilled in unclogging blocked drains using the latest technologies which are very effective.

Using The Plunger

There are certain tools which are required for a plumber to unclog blocked drains successfully. You can get a blocked drain in your toilet, bathtub, kitchen sinks or bathroom sinks. Your floor drain can also block and so can the drainage pipes found outside your home.

You can always try to unclog your sinks, toilets and bath tubs using a plunger. You should ensure that the plunger is submerged in water before you press the plunger into the drain opening.

You should place pressure on the plunger and release severally before eventually lifting the plunger from the opening of the drain. If you try to unclog several times without any success, then you should try a different tool. Do not exert too much force on blocked drains. Plumbers will be able to unclog the drains while ensuring that the pipes are not damaged.

Plumber’s Snake

A plumber’s snake or a cable auger is a tool that is used to get rid of blockages which are located deeper in the drain. The plumber’s snake is a long cable that can be a hundred feet long which is made from flexible steel wires. The tool is lowered into the drain and pushed until the blockage is reached. The plumber can then twist the tool until the blockage is broken down into small pieces which can then flow down the drain.

If the plumber realizes that the blockage is too large or stubborn, he can opt to use an electric power auger. This is a plumber’s snake that has a motor which is turned on when the blockage is reached.

The motor turns the wires at the end of the auger so that it can break the blockage into small pieces which can easily flow down the blocked drains. Plumbers also use closet augers which are specifically used to unclog blocked toilets.

Preventing Blocked Drains

There are a few things which you can do to ensure that you do not experience blocked drains often. You can routinely pour hot water down your drains so that any clog that is stuck in the insides of the pipes can be loosened to avoid any accumulation of grime. You can have strainers on your sinks which catch food particles and hair so that these items do not get into the drains and block them.

Ensure that large objects are not flushed down the toilet and that leaves are promptly swept from the garden. Leaves tend to accumulate in drains thus causing the drains to block