50p charge for using Debit cards to be banned in January

Im happy to be proved wrong but I'm pretty sure the big chains do have those charges but they're much smaller due to volume and are built into the pricing.

dowie said:
they could but they'd not get away with the same sorts of charges for cash withdrawals as they currently get away with for credit/debit transactions... in fact I'd presume that cash machines would generally be run by a third party companies and simply give the venue a cut of the £1.50 fee or whatever it comes to
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They do. A place I used to work at swapped out their ATM supplier for one that would give a kickback with each transaction. The premises would fill the machine and the company would give the money back plus commission each month.
 
It's things like this that make me look back at Britain and see just how backward a lot of the country is....

I can't even remember the last time I had notes or coins in my pocket...

To get a visa or MasterCard here you have to pay a yearly fee on your account. It works out about 20 quid over a year.

No bs charges more, no nothing just happy shopping for the consumers.

I can also get a PDW in under 4mins from most high street stores.
 
Haggisman said:
Why do you shop there then?

If he's still in business despite being more expensive than everywhere else, along with charging a high card fee, then he's obviously doing something which justifies those prices/charges, otherwise he'd have no customers
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I don't make a habit of shopping there. I do occasionally go in there if I'm spending cash instead of card because it's closer than any other shop, but I try to avoid mostly.
 
It's called a cost of doing business
You run a shop, you want people to give you money, they pay up for the visa fees.

The company that runs my property has just cancelled accepting card payments as they aren't allowed to put a surcharge on. It's a joke
 
Efour said:
It's things like this that make me look back at Britain and see just how backward a lot of the country is....

I can't even remember the last time I had notes or coins in my pocket...

To get a visa or MasterCard here you have to pay a yearly fee on your account. It works out about 20 quid over a year.

No bs charges more, no nothing just happy shopping for the consumers.

I can also get a PDW in under 4mins from most high street stores.
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Does the yearly fee mean retailers don't have to pay anything for processing card transactions? That sounds dubious.

I suspect the yearly fee you mention is irrelevant.
 
asim18 said:
I can walk into my local indie shop, pick up some drinks and walk right out without even paying, because the guy behind the counter knows who I am and knows I'm not a thief.
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Forgive my ignorance, but how does this work?
 
As somebody who has a worldpay account with a card machine the costs are a lot higher than you would think. We handle transactions up to 30 k on card and my monthly bill is staggering

I saw some price plans charge per transaction, was like 20p so why should a small shop who’s margin could be less spend their money to sell you products. It’s a bit of a con as they then try and charge you 50p for the transaction and that’s where it’s a bit naughty
 
FlakGunna said:
it's closer than any other shop
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Well there's their justification right there, you're paying extra for the convenience.

Anyway, surely the solution to this is to just not accept card payments below a certain amount? To make sure they at least cover their costs
 
What about having a cash machine put in the shop :D

Quite a few local businesses still don't accept card though. Not a big problem if there is a cash machine nearby.
 
Haggisman said:
Well there's their justification right there, you're paying extra for the convenience.

Anyway, surely the solution to this is to just not accept card payments below a certain amount? To make sure they at least cover their costs
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It's closer but there are shops about 60 seconds further up the road so... which is where I tend to go. Where they only charge 50p per debit card transaction and also charge less for the same products the other shop sells!

Nasher said:
What about having a cash machine put in the shop :D

Quite a few local businesses still don't accept card though. Not a big problem if there is a cash machine nearby.
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Lots do, but they charge £1.99 for withdrawals.
 
asim, like it or not, cash is dead. In the next 10-15 years they'll probably stop even making notes. Why bother when using a card is so much easier? Transaction fees are just an expense of doing business. If they want to recoup those costs, they should increase prices.

To give an idea on costs and why 50p is a rip off, it's very easy to find payment processors that charge between 1.5% and 2.8% for chip and pin transactions. How can the shop get away with charging 50p for a 1.5% cost on a shop which is normally around £10?
 
FlakGunna said:
Lots do, but they charge £1.99 for withdrawals.
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I've seen a lot of free ones in shops. Theres one in my local :)

But yea, they want to get rid of cash because it's too much freedom. It gets around the systems the banks have put in place. But then so does bitcoin and they can't do anything about that.
 
not that I see it often outside of just eat, but its a darn good thing. they charge far more than the banks charge them, and it should just be added onto items anyway. They'll probably find their revenues increase anyway. Most people don't carry cash these days and if they charge a flat 50p or more per transaction, you are going to severely limit the amount of small sales. some owners need kicking out of the stone age.
 
It's always annoyed me, our local corner shop does it and for cash back charges you £1.50, it takes **** being charged to use your own money
 
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