The end of cash?
- Thread starter danny la rouge
- Start date
LeytonCatLady
Well-Known Member
But better than not having a fallback option at all.
speaking of fallbacks, if the card machines not working why didn't they dust off the old carbon paper impression machine and use that?
PR1Berske
Alligator in chains by the park gates.
I've just used an HSBC cash machine. Bless them for trying to make it an experience but blimey. Did I want to use the keypad or the screen? Did I want to have a receipt? Did I need more than one transaction? Don't make this harder then it needs to.
LeytonCatLady
Well-Known Member
IKR?! Give me the good old straightforward NatWest machines any day.
PR1Berske
Alligator in chains by the park gates.
What struck me was how, even as a tech savvy man of the Internet, I was still thrown by how many questions and how many options were being asked of me before even putting in my PIN. In rougher areas I wouldn't have felt comfortable spending so long there.
hash tag
Books, not bombs
I got loads of cash out this morning to pay for shopping. I've never had so much in my pocket before
Puddy_Tat
naturally fluffy
hmm
the ones that were designed either to catch your fingers, or shred the multi layered paper thingy?
hmm again.
and one of my current cards doesn't have the numbers embossed, which may be becoming standard, so it wouldn't work...
Larry O'Hara
Well-Known Member
Surely shops say this because the credit card companies take a fixed minimum amount off them for all transactions. So on anything below £3 they dont make anything? Our local Indian takeaway has online ordering but want cash payment. When I asked they said it is to avoid them giving a % to the ordering platform. Especially having read Muldoon’s book on Platform Socialism recently seems good to me…
teuchter
je suis teuchter
Has been discussed earlier in thread but it seems to depend on what deal they've chosen with their bank/card operator, whether it's a fixed fee per transaction or a percentage or a mixture. If it's a percentage then it shouldn't matter how small the transaction is. If there's some kind of fixed fee element then I'd rather the sign said "30p surcharge for transactions under £3" and in many cases I might choose to pay that.
Either way, if a shop decides to sign up to a deal that penalises small value transactions on cards, I wish they'd write the notice on the door so as not to waste people's time. Worst is where there's no sign anywhere and you only find out when you go to pay.
Larry O'Hara
Well-Known Member
I agree it should prominently say cash only
none of my cards do. it is becoming standard.
even if a shop somehow still had an imprinter & supply of paper lying around the payment processors probably don't accept those transactions anymore.
customer would have more luck trying to pay for your groceries with a cheque.
hash tag
Books, not bombs
I wonder if Sainsburys would have accepted a cheque yesterday; do many people accept cheques anymore?
doubtful. it's been over a decade since supermarkets stopped accepting cheques at the till as a matter of course.
wouldn't even be a fallback option in the point of sale system.
and most of the staff probably never seen one in their life.
moochedit
I'm not feeding seagulls
I think when cheque guarentee cards were stopped, most shops stopped taking cheques as too much risk of them bouncing. I think most businesses would only take them now where they know the customers address.
wemakeyousoundb
hopefully not gimboid
wasn't the surcharge under set price thing made illegal a few years back?
hash tag
Books, not bombs
Does my debit card not guarantee cheques?
cupid_stunt
Chief seagull hater & farmerbarleymow's nemesis.
moochedit
I'm not feeding seagulls
No not anymore as cupid_stunt said above.
teuchter
je suis teuchter
I would like to thank train company Lumo for sending me a delay repay payment as a cheque without asking me if I'd prefer a bank transfer, almost as if they thought this might reduce the chance of me actually paying it in due to the extra faff involved.
Also I'd like to thank them for mis-spelling my name so that my banking app refused to scan it.
Finally I'd like to thank the Brixton branch of Santander for having all of their ATMs that accept cheques out of action, and for the fun times I had standing in the queue for the two human cashiers.
Also I'd like to thank them for mis-spelling my name so that my banking app refused to scan it.
Finally I'd like to thank the Brixton branch of Santander for having all of their ATMs that accept cheques out of action, and for the fun times I had standing in the queue for the two human cashiers.
lazythursday
Averagely-Known Member
teuchter
je suis teuchter
Can I alert you to the need to read my post fully before commenting.
This website:
gocardless.com
Indicates that card fees are between 0.25% and 0.9%, plus per-transaction fees that are 6-10p + 1-6p. So a £3 card payment is likely to incur something like 12p in fees. That’s 4%, which is quite a high proportional cost, but I’m not sure it’s worth saving the occasional 12p for the sake of pissing off customers whose lifetime value to you will be much higher. And it’s not like handling cash is free either, for a business.
How much are credit card merchant fees?
What can businesses expect to pay for credit card processing? Find out the potential cost of credit card merchant fees in this guide.
gocardless.com
Indicates that card fees are between 0.25% and 0.9%, plus per-transaction fees that are 6-10p + 1-6p. So a £3 card payment is likely to incur something like 12p in fees. That’s 4%, which is quite a high proportional cost, but I’m not sure it’s worth saving the occasional 12p for the sake of pissing off customers whose lifetime value to you will be much higher. And it’s not like handling cash is free either, for a business.
One shop near me has a policy of only taking card payments for transactions ≥£5 but will accept card payments for less than that amount by charging £5 and then giving you change in cash, which makes no sense unless their bank charges a higher rate for card payments below a certain value and might actually be costing them extra if any of their card handling costs are calculated as a % of the transaction.
gosub
~#
Come across that too. agree is nuts
InArduisFouette
Well-Known Member
Farage is not major and politician in a question of semanitcs
InArduisFouette
Well-Known Member
i'm not sure how many people keep exaclty how much about the place / their person i've probably got 100GBP or so to hand between various backup locatiosn and whatever is in my purse
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