2006-11-03 18:39:08 · 11 answers · asked by the_tent_man36 4 in Business & Finance ➔ Credit
The answer here is simple. Go back to paying with cash.
2006-11-03 19:32:44 · answer #1 · answered by keefer 4 · 0⤊ 0⤋
It is legal to charge a fee but I'm almost sure it's only 1%. Buisness's get charged by the bank for most transactions and most shops, cafes etc now have a minimum they will accept on any charge card because of this. I work in a buisness that is all cash and there's nothing more annoying than other shopkeepers, publicans etc coming around on a Saturday morning wanting £100 in pound coins, or £30 in 10p's. My boss has to pay the bank for his change [and it runs into the thousands over the course of a year] plus, if he 'forgot' to go the bank on a thursday to order the money, he wouldn't get it and then he'd be up the swanee over the weekend. So unless its an emergency [like Sunday evening when the asking buisness has been busy at the weekend] no-one gets change from us. If the boss is organised in his money matters, he thinks everyone should be too, and quite right. So the bank charge for admin is why you get charged a fee.
2006-11-03 19:07:08 · answer #2 · answered by PATRICIA L 3 · 0⤊ 0⤋
I think the shop is responsible for paying the charge, not the debit card holder. The more card transactions that are made in the shop, the lower their fee becomes. Thats why some shops have minimum charges they will take on a card transaction. They get charged less the more the customer spends. I've never been charged for using my debit card! Sounds a little fishy :)
2006-11-03 19:11:00 · answer #3 · answered by libby 3 · 0⤊ 0⤋
My financial business enterprise does an identical element and that i don't have overdraft secure practices. maximum gasoline stations merely authorize $a million, quite because you swipe your card and then pump, they have no thought how lots you are going to put in. they merely intend to confirm you're on the advantageous side. enable's say they authorize $a million, you place $30 in, yet you extremely don't have it, after some days whilst it ultimately is going to the financial business enterprise they pay the $30 then fee you $25-$32 (looking on financial business enterprise). that's $60 for a tank of gasoline, so yeah it could upload up rapid. some financial business enterprise will try this to dodge embarrassment, yet interior the tip it is as much as you to comprehend your stability. Even then you definately ought to undergo in recommendations whilst checking your stability that in case you gasoline purchase hasn't cleared your stability is misguided. If the financial business enterprise says you have have been given $4 hundred and you bought gasoline the former day, you should make certain you take that quantity out of your $4 hundred. they might wave lots of the charges for you, yet whilst they do no longer that's a lesson found out. I had to be taught it, i grew to become into stupid, it took me some cases to be taught it.
2016-12-28 12:22:34 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Yes they can, as long as its clearly stated that they are they can charge what they like.
Just to put the record straight on charges that retailers pay, someone says credit card transactions are free - that is total garbage, the credit card companies charge up to 3% to the retailer, with a debit card they get charged a flat rate and depending how hard you bargain with them it can be as low as 25p but can be as high as 80p.
2006-11-03 19:18:54 · answer #5 · answered by thecoldvoiceofreason 6 · 0⤊ 0⤋
I think there is now a charge for using a card to pay for goods, however, most reputable businesses don't seem to pass it on to their customers (well, they absorb it by increasing their prices to cover the loss).
Find a different shop for your goods, there's enough choice out there these days!
2006-11-03 18:47:18 · answer #6 · answered by kpk 5 · 0⤊ 0⤋
Yes , its max 3%..... Credit Card should be free.... Debit cards take money from your own account so do carry a Admin charge.
2006-11-03 18:47:04 · answer #7 · answered by Anonymous · 0⤊ 0⤋
i have been charged 5% on booking a holiday
over the phone i have never been charged
in a shop and if asked to i would say stuff you
and go to another shop ok hope you did not
pay that
2006-11-03 18:55:38 · answer #8 · answered by S Csparky 6 · 0⤊ 0⤋
Why not? If they tell you that's what they're charging and you agree to pay it, that's a contract
2006-11-03 19:20:56 · answer #9 · answered by Anonymous · 0⤊ 0⤋
absolutely illegal...visa and mastercard are to blame...
2006-11-03 18:41:07 · answer #10 · answered by Hacker 3 · 0⤊ 0⤋