How do you pay for your watches? (Method)

So, I was checking out with my new Oris Big Crown and the staff person asked me “cash or card”, which I suppose for an Oris isn’t that crazy . . . But it got me thinking are people coming in with a suitcase full of money and buying a Patek? So, I asked about this and multiple staff said you’d be surprised how many people walked in with a mountain of cash to buy super high end watches. For me? I put it on my airline credit card for the miles and other perks and then pay it off immediately.

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Most the time credit card.

Rolex AD once asked for certified cheque. I complied.

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Favors 🤣😉

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I think the most I ever paid cash was 3500 euros for my first car, but that was a private sale. In a store I wouldn’t pay cash over a few hundred euros. Apparently they‘re also planning to put a 10k euros limit on cash transactions in the European Union to fight money laundering

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The only time I’ve ever paid cash for larger ticket items was in Japan . . . Where that is still pretty common (largely a cash society despite all the tech).

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I buy from authorised boutiques and they generate custom payment links based on loyalty points and I use net banking or UPI(only works in India and Singapore, UAE etc)

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doc.pls

I think the most I ever paid cash was 3500 euros for my first car, but that was a private sale. In a store I wouldn’t pay cash over a few hundred euros. Apparently they‘re also planning to put a 10k euros limit on cash transactions in the European Union to fight money laundering

Wait, aren’t Germans very pro cash? I was near Düsseldorf (pre pandemic) and recall having a hard time trying to use a card.

To the OP: agreed, I have hard time believing a lot of high end transactions (in the US) happens with cash. Not saying it doesn’t, but like you said… how my suitcases when $100 is the largest denomination 🤔

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sam_kula

Wait, aren’t Germans very pro cash? I was near Düsseldorf (pre pandemic) and recall having a hard time trying to use a card.

To the OP: agreed, I have hard time believing a lot of high end transactions (in the US) happens with cash. Not saying it doesn’t, but like you said… how my suitcases when $100 is the largest denomination 🤔

Yes, in general we are very much pro-cash, but mainly for smaller everyday transactions and private sales. Even now, if you want to deposit >10k€ in your bank account or pay at a business for over 10k, they have to register your ID and you must declare where the money is coming from

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Credit card and the highest possible number of installments 😄 In Turkey it can go up to 9, which is really tempting and eventually disasterous 💸

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Ichibunz

Favors 🤣😉

🤣🤣

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doc.pls

Yes, in general we are very much pro-cash, but mainly for smaller everyday transactions and private sales. Even now, if you want to deposit >10k€ in your bank account or pay at a business for over 10k, they have to register your ID and you must declare where the money is coming from

Appreciate the clarity. Now I really want Altbier again (I’ll bring a ton of cash) 🍻