New five pound note
- Thread starter ukxenon
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Soldato
- Joined
- 11 Sep 2013
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A lot of small businesses do, yes.
My local vape shops, all the takeaways, all the corner shops, the village pub, the milliner (yes, we have one, although she's a friend of ours), the bike shops, the collectors shop, the tobacconist, the martial arts shops, the Airsoft shop, the record shop, the ice cream shop, the board games shop... and the MoT place would if the fees were low enough.
Minimum spend seems to vary, depending on who does their card machine - Some are as low as a fiver. Charges are usually 50p.
Nothing to do with that. Prior to 2015, depending whose chip and pin machine you had, you wear charged up to 50p as a "flat rate" for a debit card.
That's fine if somebody is buying £100 of stuff but not so good for somebody buying some chewing gum. In fact without the 50p charge to the customer, the shop may as well have giving low cost stuff away for free as it could have cost them to sell it to the person!!!!
its became 0.2% plus 1p so anything up to £10 is a maximum of 3p plus the machine markup of 4p to 10p so around 7 to 13p. So anywhere still charging 50p for less than £10 transactions is just robbing people and they don't deserve your business. However, paying for items less than a pound probably still costs the shop to sell you it.
As of 1st September this year its dropped again (thanks to the EU and their CAPS) to 0.2%.
The downside is that there used to be a maximum cap of 50p for a debit card but that upper limit has been removed now. So receiving payment by debit card for say a £1000 item used to cost the retailer 50p will now cost them £2 so they will have to increase prices to keep their margins.
Naughty. Charge should be 15p max for under a tenner transaction now.
And yet we still get charged 30p on every single transaction downstairs at our cafe.
I have 7 in front of me,one for me,and one each for my grandchildren.
Thank you grand dad roddy, I always did like you more than Uncle dowie
Soldato
- Joined
- 11 Sep 2013
- Posts
- 12,655
Thing is, it's just about always 50p, which they cite as what it costs them to receive less than whatever their minimum spend is... and some of them I regard as highly trustworthy and honest to a fault, so unless every single non-chain retailer in the county is in on some kind of conspiracy, I would think there is a genuine charge.
TBH, I either don't spend that little or usually just pay cash. I rarely have to use the card for small payments.
What I'm finding is more convenience stores now no longer charge for card payments at all or free over £5 spend, as oppose to the old 50p levy.
What I do find a con are Just Eat and Hungry House, both charge 50p if you use a card. Surely with their turnover they'll be getting good rates from their merchants.
If the new £5 note is out then why do they need another 4 years to develop the £20, surely they got the ink to stick now?
What I do find a con are Just Eat and Hungry House, both charge 50p if you use a card. Surely with their turnover they'll be getting good rates from their merchants.
If the new £5 note is out then why do they need another 4 years to develop the £20, surely they got the ink to stick now?
I can't remember the last time I used cash for anything... In fact I had a £10 note in my wallet from someone for about 2 months before I remembered to spend it to get rid of it... 
Debit cards are king. Almost everywhere takes card these days. In fact the only time I can see a reason to use cash is at a car boot sale/autojumble/market.
Debit cards are king. Almost everywhere takes card these days. In fact the only time I can see a reason to use cash is at a car boot sale/autojumble/market.
Contactless
Who do you bank with? Most have been doing it for years.
The Cumberland Building Society, they are a bit slow at catch up but i like banking with them after i ditched the big boys.