it means cash customers pay the extra for people using cards, win-win for the business ;-)they can't charge you an additional fee over the advertised price for using card.
Card surcharge ban means no more nasty surprises for shoppers
Hidden charges for paying with a debit or credit card will be banned from today (13 January).www.gov.uk
but obviously the cost will be passed onto customers, same as any other cost of doing business like electrify or rent.
Sorry, Mum.
Yup. If someone paid a plumber etc in cash and they banked it, they would be charged 1%ish depending which bank they used.
Cash has a logistical cost as well, that plumber needs to physically go to the bank to deposit it, which cost time fuel etc.
Counting it and then recounting it also takes time, plus the risk of loss is also a negative for cash.
as well as spelling "electricity" correctly I should have added "charge for depositing cash" as 3rd example to head off exactly this post.
The plumber might not bank the cash for fear it's discovered by the tax man or effects their benefits. Alternatively, they might in turn spend the cash in their own shopping
and I prefer to use cash...and i'm the one making the decision whether or not to give my custom to the business.
Good point. It would work better than forcing people to learn maths until they're 18 as suggested by Ratface.
3/ 3? I thiiiiiink lol
3s 3d ...
Exactly a plumber may take the odd job cash in hand but most major expenses come straight out of a bank account which means money needs to go in it.
I suppose to buy things they really need my expiry date and CVS number ..
Someone on here helped me out with some emergency train fare a few years ago. I just gave him my email address that was linked to my Paypal and he was able to transfer the funds that way. Is that an option for you?
Actually that could have been an option for me, I have a paypal account though it has been dormant for a few years. I've given them my bank details now, fingers crossed.
onemoneyway.com
Thanks Puddy_Tat, that is a good article ..and the 16 character card number which isn't the same as your bank account number.
there is a small risk of getting signed up to a direct debit - although if you alert your bank, they will cancel the arrangement and refund you.
more here
What can someone do with my account number and sort code and address
Discover the risks and protections when sharing your bank details, such as account number, sort code, and address, for payments.
As Clarkson found out. You can't lose money that way, but it's an inconvenience. No-one would do that unless they really wanted to annoy you.and the 16 character card number which isn't the same as your bank account number.
there is a small risk of getting signed up to a direct debit - although if you alert your bank, they will cancel the arrangement and refund you.
more here
What can someone do with my account number and sort code and address
Discover the risks and protections when sharing your bank details, such as account number, sort code, and address, for payments.
A plumber can afford to pay their tax tbh? They earn far more than I do and I don't get to avoid my tax. I don't begrudge people who are earning a little on the side generally, but most of their work could/should go through the books. I doubt it's a massive problem.
I never said a Plummer couldn't afford to pay tax and fwiw they probably earn twice what I do.
