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| Thread ID: 106564 | 2010-01-13 23:48:00 | Aww Diddums ~ ~ | R2x1 (4628) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 848506 | 2010-01-14 05:27:00 | It used to be against the rules (the contract between the merchant and Visa or Mastercard) for the merchant to charge the merchant fee to the customer . Most merchants got around this by offering a discount for cash . The major problem I have with the merchants being allowed to charge the fee is that the percentage charged by the credit card company to the merchant per transaction varies between 1 . 5% and 5% (? - IIRC) of the transaction, depending on the volume of sales by the merchant (the higher the volume the lower the percentage) . Are you going to trust that the merchant you are dealing with will charge the ACTUAL percentage they are being charged? Or will they just charge as much as they think they can get away with? Call me a cynic . . . . I use my CC for almost all my purchases and pay it off each month (airpoints!) . I will be finding alternative suppliers if anyone tries to charge me the merchant fee when using my CC! Actually just thought of something: when they ask (as they invariably do) "EFTPOS or Credit?", you can, hand on heart, say EFTPOS and then press the Credit button (so long as you use a PIN), because most salespeople think that EFTPOS = cheque account . (They probably won't even notice what the EFTPOS slip says . . . ) When in fact any half-educated person knows that EFTPOS = Electronic Funds Transfer at Point Of Sale . Therefore using your credit card account is a legitimate EFTPOS transaction . Won't work for long though . . . . :( |
johcar (6283) | ||
| 848507 | 2010-01-14 05:50:00 | Are you going to trust that the merchant you are dealing with will charge the ACTUAL percentage they are being charged? Or will they just charge as much as they think they can get away with? Call me a cynic... Actually just thought of something: when they ask (as they invariably do) "EFTPOS or Credit?", you can, hand on heart, say EFTPOS and then press the Credit button (so long as you use a PIN),( There will be retailers that will add on as much % as they can get away with under the guise of credit charge fee whatever it is called and I would be very surprised if any of them would ever admit to the exact figure Visa/M.Card is charging them, would be classed as sensitive information, cannot be disclosed. But in regards to saying EftPos when it is a Credit Card transaction, I do that already at one of the local supermarkets who ask every time whether it is a Credit Card or EftPos. One day after not a lot of sleep the previous night I *demanded* to know why I had to tell the teller what sort of card I was using, there answer was that they could only give out cash on a EftPos transactions but not on Credit Card transactions. But I always said EftPos and pressed Credit and no one seemed to notice, if they did, they never said anything. |
PinoyKiw (9675) | ||
| 848508 | 2010-01-16 01:08:00 | The problem seems to be that credit card users seem to wish to load their charges onto others. | R2x1 (4628) | ||
| 848509 | 2010-01-16 02:28:00 | The problem seems to be that credit card users seem to wish to load their charges onto others. I wondered whose fault it was. Guess who doesn't have a credit card. |
Cicero (40) | ||
| 848510 | 2010-01-16 02:36:00 | Awww -:o | R2x1 (4628) | ||
| 848511 | 2010-01-18 00:37:00 | Do you not use the credit account on eftpos when using a debit card? You may use that function on the EFTPOS terninal (I wouldn't know because I don't use a debit card) but the principle behind a debit card seems to be much the same as EFTPOS. You can't buy if there is not enough credit (accessible funds) showing on your card so you don't create a debt, and I presume the merchant gets paid by a direct transfer from your account so there seems to be no justification for a charge. We never use our credit cards for 'credit' as such and always pay the balance off every month so we don't get any interest charges either. However, if Retailers continue to add charges for using a credit card I'll be getting a debit card and save the credit card for occasional use only. Those 'percents' add up over time Cheers Billy 8-{) |
Billy T (70) | ||
| 848512 | 2010-01-18 02:54:00 | It used to be against the rules (the contract between the merchant and Visa or Mastercard) for the merchant to charge the merchant fee to the customer. Most merchants got around this by offering a discount for cash. exactly, we have always been paying a charge to retailers to use credit cards so i fail to understand what the fuss is all about. |
tweak'e (69) | ||
| 848513 | 2010-01-18 03:00:00 | exactly, we have always been paying a charge to retailers to use credit cards so i fail to understand what the fuss is all about. huh?? :confused: The fuss is around the fact that the retailers are NOT reducing the price to the "cash price" level before adding the credit card surcharge. Effectively anyone who now adds a surcharge is "double-dipping". :annoyed: |
Miami Steve (2128) | ||
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