I barely ever shop there, just stating a point!
50p charge for using Debit cards to be banned in January
- Thread starter FlakGunna
- Start date
I barely ever shop there, just stating a point!
Only errors are allowed to be advertised (and they must be corrected). You cannot deliberately understate the price.
Soldato
- Joined
- 12 Sep 2012
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- 11,698
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- Surrey
I don't understand how someone can get annoyed over it. If that is how they choose to operate their business, then their choice would determine their survival and profit. This ban won't do anything in the end. There really isn't anything stopping takeaways and shops continuing the practice, as they charge more than they are suppose to anyway at the moment. Online retailers can put it through as an 'admin fee' instead of 'card transaction fee'.
Unless it is enforced properly, all this does is appease the people who get angry over a card fee, then annoy them a week into the 'ban'.
Unless it is enforced properly, all this does is appease the people who get angry over a card fee, then annoy them a week into the 'ban'.
This has happened because some shop owners have passed on "charges" which are not in relation to the actual charges imposed on them and actually profit from people paying on card in areas where there are maybe no cash machines and sometimes just take advantage of those who are vulnerable.
Even if spending a tenner, the processing fees are nowhere near 50p.
If shop owners just passed on the "actual cost" of processing fees, equipment hire etc, this would not have had to happen.
The actions of a greedy few have led to this point.
Even if spending a tenner, the processing fees are nowhere near 50p.
If shop owners just passed on the "actual cost" of processing fees, equipment hire etc, this would not have had to happen.
The actions of a greedy few have led to this point.
Good!
Don't care if they bake it in to cost, will make comparing easier.
Also My cinema charges 50p 'bookings fee' . Which brings a single ticket to 11pounds 2D non Imax. I guess as it's a 'booking fee' and not a card charge it'l
be fine. Refuse to go unless it's 2for1
Don't care if they bake it in to cost, will make comparing easier.
Also My cinema charges 50p 'bookings fee' . Which brings a single ticket to 11pounds 2D non Imax. I guess as it's a 'booking fee' and not a card charge it'l
be fine. Refuse to go unless it's 2for1
To be fair to small independent retailers they wont have the best deal on their card machines and some will get charged up to 50p for taking a debit card payment.
Why should the shop sell you something for £1 which has 30p profit in it but then accept a card payment which means they make a 20p loss?
This will be the end of some small shops. If they put all their prices up to compensate for somebody might pay by card, they will become even more expensive. And then those people who pay by cash will be overpaying for the item.
Why should the shop sell you something for £1 which has 30p profit in it but then accept a card payment which means they make a 20p loss?
This will be the end of some small shops. If they put all their prices up to compensate for somebody might pay by card, they will become even more expensive. And then those people who pay by cash will be overpaying for the item.
"Booking Fees" are another topic, especially when it comes to Cincemas, Theatres, Arenas etc. In my opinion, no profit should be made on charges like these, should just cover the initial costs of making the transaction.
Profit is already made on the service/item they are selling.
Funnily enough Which investigations said that it does cost retailers up to 50p per transaction for cards for payments under £10. Its the ones who charged more than this which were the issue and hence the new law.
This. My parents used to run a shop and some items, the amount they paid for them in bulk at the cash and carry was already more than what they could go buy them for from Asda or Tescos and that was before they put any mark up on.
Some small businesses I know have signed up with Paypal to handle their card payments. They get charged 3.4% + 20p even on debit cards so a 50p transaction will be £21.7p and a £10 transaction will be 54p.
Caporegime
- Joined
- 21 Jun 2006
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- 38,367
They could just say cash only. That way it's easier to hide profits and avoid paying tax. Win/win. Then stick a cash machine in their shop which charges you £2.50 to withdraw cash.
Honestly the people that think this is a good idea are morons. Shops aren't holding a gun to your head. Pay by cash. Expect prices to rise and cash machines which charge you to withdraw pop up instead. So how is that a win for you?
Why could shops not just pass on the costs instead of profiteering on charges in the past which has led to this point?
hopefully, at some point the government will ban that as well.
As shown in many studies, a lot of shops incur almost 50p in charges for less than a £10 sale. The only shops which were greedy were those charging more. They are the ones which spoilt it. yet most people I know and on here clearly think 50p and the shop recovering its costs was too much.
disagree it is all stupid, add the price on to items. it is a fee that is not pre disclosed and as such is wrong. same reason restaurants have to put on their menu 10% service charge. if they don't you don't have to pay it and ask for it to be removed.
It is disclosed, its up on big signs in the small shops. If you don't like it take you business elsewhere.
But all that is going to happen now is small shops will have to put 10p to 20p on everything they sell just in case you plan to pay by card so everybody paying by cash will now have to pay more.
Because for £10 its only costs 6p. For a one pound item it costs 0.6p.
it isn't not round here, haven't seen 1 shop advertise it.
and I do, that doesn't mean it shouldn't be regulated.
I do not carry cash and that is increasingly true. it absolutely should be regulated that you cant be ripped off, how many people would actually get to the till finding out there's a charge and say no. it's praying on vulnerable and it's praying on the ever increasingly cashless economy.
and no they won't have to put 10 or 20p on every item, how utterly stupid statement. profit per transaction does not matter. its total profit that matters and you will find that will increase for most stores.
where i live two stores next to each other one charges one doesn't. guess which one is constantly empty.
Small retailers will. Otherwise with some items like you picking up a pack of chewing gum and paying by card it will be cheaper for the shop owner to tell you to have it for free rather than put it through the card machine. How stupid is that?
Small shops tend to have very low average sales per customer so this 50p charge per transaction will result in a substantial amount on every item they sell in the shop or they accept they make less profit.
The issue for a long time was card machine suppliers being able to get away with charging ludicrous amounts for card transactions. Amex are the worst.
Small shops tend to have very low average sales per customer so this 50p charge per transaction will result in a substantial amount on every item they sell in the shop or they accept they make less profit.
The issue for a long time was card machine suppliers being able to get away with charging ludicrous amounts for card transactions. Amex are the worst.
Regulated that you can't be ripped off? Preying on the vulnerable?
Should we dictate prices as well?
Seriously this is some weak stuff, not what I would usually expect from you.