cupid_stunt
Chief seagull hater & farmerbarleymow's nemesis.
Nor did I say he was. but government ministers took up the matter, because of the media coverage of Farage's so-called de-banking.
The end of cash?
- Thread starter danny la rouge
- Start date
Nor did I say he was. but government ministers took up the matter, because of the media coverage of Farage's so-called de-banking.
InArduisFouette
Well-Known Member
no becasue the cheque guarantee system was disbanded well over a decade ago
teuchter
je suis teuchter
If I want to buy something that costs, say, 79p, and there's a sign that says 12p surcharge for card transactions under £3 I'll most likely be happy enough to pay the 12p instead of going to find another shop.This website:
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.
But if it says minimum transaction £3 then I'm rarely going to be willing to spend £2.21 on hastily chosen additional items that I don't want and then have to carry around with me.
hash tag
Books, not bombs
Looks like it's Greggs turn today
Greggs shops reopen after payment problem fixed
All of the bakery chain's stores hit by an earlier technical glitch are now trading as normal, Greggs says.
www.bbc.co.uk
moochedit
I'm not feeding seagulls
Looks like it's Greggs turn today
Greggs shops reopen after payment problem fixed
All of the bakery chain's stores hit by an earlier technical glitch are now trading as normal, Greggs says.www.bbc.co.uk
first mcdonalds...then sainsburys (and i think tesco)....now greggs time for wild speculation 
...russian hackers? Or north korea?
emanymton
A cat politely sat on the flaming gardener.
Or just big companies cutting corners and not investing in the infrastructure they need.
moochedit
I'm not feeding seagulls
Could be both. Cutting corners on security which is exploited by hackers.
mwgdrwg
Be a Pisces. Jam.
That's illegal now, btw.
My local chippy got done by trading standards- Anglesey chippy fined for charging extra to pay by card
Lovely chips tho.
andysays
Love and solidarity
The Sainsbury's one was reported as being teething problems with a new software system, but maybe that's just what they want you to believe ...
moochedit
I'm not feeding seagulls
andysays
Love and solidarity
Just asking questions
"doing your own research"
moochedit
I'm not feeding seagulls
Oh yeah!
souljacker
innit
Sainsbury's network was put in just before Covid started so is up to date and should be secure (it was when I put it in). It's possible it's been mismanaged since my company finished the work but I doubt it. The regulatory problems they would get from having a hackable network running their tills isn't worth it. A new software system is a far more likely culprit.
crossthebreeze
Well-Known Member
The guy who runs the local post office reckons Putin was disrupting government systems, along with western union and amazon on Monday morning. Not sure how he knew it was the russians...
hash tag
Books, not bombs
My guess would be one of 3, Putin, Kim John Un or Xi Jinping.
Cid
Proper break this time
As an addendum to the fixed cost thing, it's not necessarily the case that every type of account will be paying 6-10p on a transaction. There are two types of fixed cost; interchange fees and 'card scheme fees' which... fuck it, here's a diagram from the European commission:
The scheme fees are the large costs (6-10p) in kabbes example, but that mainly applies to online transactions which have different fee structures from in-person. Interchange fees are, afaik, fixed by regulations and are 0.2% for debit, 0.3% credit cards. Higher for business cards and foreign. You can find a break down here. The fixed scheme fees for in-person are very, very low. More broadly it will come down to the type of account the retailer is using; you can get them with per transaction fixed fees, you can get them with % only (that tends to be how the 'for your trendy coffee shop' providers like Square etc work), you can get them with combination of monthly payment and % etc.
Long and the short of it being that there really is no reason to have a minimum card transaction. 'No amex' may have some justification though.
The scheme fees are the large costs (6-10p) in kabbes example, but that mainly applies to online transactions which have different fee structures from in-person. Interchange fees are, afaik, fixed by regulations and are 0.2% for debit, 0.3% credit cards. Higher for business cards and foreign. You can find a break down here. The fixed scheme fees for in-person are very, very low. More broadly it will come down to the type of account the retailer is using; you can get them with per transaction fixed fees, you can get them with % only (that tends to be how the 'for your trendy coffee shop' providers like Square etc work), you can get them with combination of monthly payment and % etc.
Long and the short of it being that there really is no reason to have a minimum card transaction. 'No amex' may have some justification though.
UnderOpenSky
baseline neural therapy
dns, bgp, that sort of thing.
InArduisFouette
Well-Known Member
never attribute to malice what can most easily be explained by incompetence ...
IT problems are often related ot Offshoring for support to 'friendly' nations and companies linked to Selfservative politicians
InArduisFouette
Well-Known Member
add in offshoring support to the bidder who will do the needful with the most cheapness !
skyscraper101
0891 50 50 50
It's very annoying because I rarely go out with my wallet these days when I'm just popping to the shops.
So the other day, I go to Sainsburys and they told me I have to use an actual card in the machine rather than Apple pay. And I had no physical cards on me, so had to go home and come back again. Load of bollocks.
So the other day, I go to Sainsburys and they told me I have to use an actual card in the machine rather than Apple pay. And I had no physical cards on me, so had to go home and come back again. Load of bollocks.
moochedit
I'm not feeding seagulls
The sainsburys local i use in my lunch break, when their internet is down, they can't take contactless, only chip and pin works. Had that a couple of times.
They had national tech issues last saturday.
emanymton
A cat politely sat on the flaming gardener.
Another reason I would not want to use my phone for payments. I don't think it adds any benefit and I already feel like I am too dependent on it and too much stuff relies on it, losing my phone would screw me. I like knowing I can still pay for shit if I do loose it or if it suddenly runs out on battery.
skyscraper101
0891 50 50 50
It's a fair point. I'd still take my wallet if I'm going out out. It's just usually when I go to the nearby shops in my slouch wear. I tend to just take my phone. never an issue until last weekend.
skyscraper101
0891 50 50 50
On the subject of cash I've been to Europe a handful of times and America in the last year and not even bothered to get local cash currency. I've managed to do everything with a card. Admittedly these are all places in Western Europe, New York, etc, - I wouldn't try it in less developed places but its very handy not having pockets of foreign coins and cash.
UnderOpenSky
baseline neural therapy
Carrying a wallet seems odd now, another bit of bulk. It's been a good few years since I switched. I even managed to forget it on a trip to Belgium and Holland and managed fine with my phone.
God, yes. I go back and forth to Paris quite regularly with work and I can’t remember the last time I bothered taking cash money with me. Years and years ago.
emanymton
A cat politely sat on the flaming gardener.
I just have a card only wallet, can slip some notes in it but no change, feels a lot better in the pocket.
Plus my three point check (wallet, keys, phone) before I leave anywhere is so ingrained I think my mind would collapse completely if I stopped carrying a wallet.
Similar threads
