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| Thread ID: 107230 | 2010-02-09 05:47:00 | EFTPOS rounding - is this legal? | WalOne (4202) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 856585 | 2010-02-09 05:47:00 | Went to a local Chinese market yesterday. The amount had GST added to it as is usual, and the total was $18.86. The Eftpos amount and receipt was for $18.90, the additional .04 cents described as "non produce amount". When I questioned this, the check out operator conveniently forgot how to talk in English, so I got nowhere. I don't have a problem with rounding for cash - but this is surely not practice for Eftpos charges? Or is it the first time I've noticed it? If it is normal, shouldn't the additional amount attract GST? To my mind, Eftpos allows for transactions in the exact amount, one of its advantages. :2cents: comments please |
WalOne (4202) | ||
| 856586 | 2010-02-09 05:55:00 | i'd always assumed it was the exact amount on EFTPOS, i think there was something on tv awhile ago, may have been target or fair go. seems suspect to me... |
GameJunkie (72) | ||
| 856587 | 2010-02-09 05:57:00 | i'd always assumed it was the exact amount on EFTPOS, i think there was something on tv awhile ago, may have been target or fair go. seems suspect to me... + 1 LL |
lakewoodlady (103) | ||
| 856588 | 2010-02-09 05:59:00 | Oops, what happened to quote? | lakewoodlady (103) | ||
| 856589 | 2010-02-09 06:06:00 | i'd always assumed it was the exact amount on EFTPOS seems suspect to me... Me too, I've never noticed this before. |
WalOne (4202) | ||
| 856590 | 2010-02-09 06:09:00 | It was done before and was found to be not legal. | Sweep (90) | ||
| 856591 | 2010-02-09 06:10:00 | and also whatever program it was on, the business/s in question were chinese owned | GameJunkie (72) | ||
| 856592 | 2010-02-09 06:11:00 | From the Consumer Affairs (www.consumeraffairs.govt.nz) Rounding prices One and two and five cent coins are no longer in circulation but their value still remains. These changes took place from July 2006. This means that a trader can still offer goods for sale at $1.99. The price you actually have to pay for these goods depends on how you pay. If paying in cash If you are paying cash, the trader can set the rounding policy. This must be disclosed to you prior to making a purchase. If paying by cheque, credit card, or EFTPOS The trader can charge the exact price if the consumer is paying by cheque, credit card, or EFT-POS. This is because these methods of payment allow you to pay the exact price. So they should ONLY be rounding if paying by cash. |
wainuitech (129) | ||
| 856593 | 2010-02-09 06:25:00 | From the Consumer Affairs (www.consumeraffairs.govt.nz) So they should ONLY be rounding if paying by cash. Thanks, this confirms what I suspected. I'll bring it to their attention, and keep tabs. If they don't stop, next stop is consumer affairs. Of course, they could always claim in mitigation, they round down as well .... Yeah, right. |
WalOne (4202) | ||
| 856594 | 2010-02-09 07:29:00 | My view is: Rounding should not be allowed at all, whether is EFTPOS or cash transactions. My reason being that since 1 cent, 2 cents and 5 cents are no more in circulation, why the Govt allows merchants to mark their prices in such, it's just rubbish! | bk T (215) | ||
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