tag:blogger.com,1999:blog-1141932539860553199.post3958365999958686793..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: When will they ever learn? Just whenMark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-1141932539860553199.post-84393648167523456202018-01-01T14:29:20.216+00:002018-01-01T14:29:20.216+00:00For the record, I am a debit card paying weirdo. I...For the record, I am a debit card paying weirdo. I used to use a credit card a couple of years ago when things were tight to defer paying some expenditure by a month, but the mental stress of trying to work out how much would be taken from my account and when is not worth the few quid a month cash back they offered.<br /><br />As to credit card quasi-insurance, most of my online purchases are less than £50, so far nothing has gone wrong and if it ever does, well so what.<br /><br />@ JohnB, are you sure that cash handling charges are higher than credit card charges? I look at lots of profit and loss accounts when I'm doing tax returns, I've one client who sells tickets online (typical payments £50 - £100?) and the credit card company takes at least 5% of turnover. Do banks actually charge retailers money for simply depositing cash?Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-47407968065508609582018-01-01T10:59:19.106+00:002018-01-01T10:59:19.106+00:00John B. I am a cash paying weirdo. All small retai...John B. I am a cash paying weirdo. All small retailers love cash as there are some useful 'efficiencies' available.Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-85756317062136184562018-01-01T03:39:49.950+00:002018-01-01T03:39:49.950+00:00Despite the tone of the Telegraph piece, this does...Despite the tone of the Telegraph piece, this doesn't feel like a negative consequence at all. Most sane retailers will simply raise the standard price, which means that the weirdos who pay cash for things will be making a reasonable contribution to cash handling costs (which are usually higher than the 1-2% fees that credit card companies charge to merchants). A few insane retailers will stop taking cards and probably go bust. Win-win.john bhttps://www.blogger.com/profile/13784096180652522939noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-42440855952332171282017-12-31T16:27:02.234+00:002017-12-31T16:27:02.234+00:00Its even more obtuse when you factor in cash back ...Its even more obtuse when you factor in cash back credit cards. A person not using a credit card at all pays for the credit card service that they are not using and a person that is actually using the service does not pay for it, as they get cash to use it.Dinerohttps://www.blogger.com/profile/14632385731642361211noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-47842959647159993422017-12-31T13:12:46.187+00:002017-12-31T13:12:46.187+00:00It's an EU thing under the 'Consumer Right...It's an EU thing under the 'Consumer Rights Directive'.<br /><br />I too pay for deposits and things over £100 by credit card so as to get my statutory S75 protection. I do wonder if this protection is the reason that paying by CC costs more. I think that the merchant services providers ask traders for bonds to ensure they are protected.<br /><br />But I've recently started using PayPal credit. 4 months free credit when you buy anything over £150 and you get S75 protection from PayPal.<br /><br />S75 isn't an EU thing by the way.Steven_Lhttps://www.blogger.com/profile/05029437876479574883noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-15616278200760724472017-12-31T12:39:10.121+00:002017-12-31T12:39:10.121+00:00Not to mention that if the goods / services are un...Not to mention that if the goods / services are unsatisfactory the credit card company will usually pitch in on the cardholder's behalf to coerce the retailer to play ball. That too, of course, was as a result of Government interference in the Consumer Credit Act; but people rely on it and so there's no reason why some sort of fee isn't reasonable to offset the costs.<br /><br />A bit like the bellyaching about hospital car parking; someone has to cover the cost of not using the land for something more useful, creating the car park, and maintaining it. Don't want to pay? Get a bus or get a lift (to return to MW's original point).formertoryhttps://www.blogger.com/profile/06787382608124662939noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-11585546020882005842017-12-31T12:03:48.065+00:002017-12-31T12:03:48.065+00:00You should use a credit card (as opposed to a debi...You should use a credit card (as opposed to a debit card) for distance purchases over £100 because if the company goes bust before you get the goods you can reclaim the money from the credit card company.<br /><br />I've always understood that to be the case anyway.Rich Teehttps://www.blogger.com/profile/14037296506942507747noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-59776552345791116072017-12-31T11:55:10.135+00:002017-12-31T11:55:10.135+00:00"Doesn't change the fact that their CC ch..."Doesn't change the fact that their CC charges were an obscenity"<br /><br />AFAICR, the charges for debit cards were the same. As was pointed out to me when I grumbled about this to a friend, you just have to factor it in as part of the ticket price. Even with the extra 5% or whatever it was, Ryanair was usually still the cheapest.<br /><br /> "By the way, why don't people just use debit cards?"<br /><br />I wonder that too. I've not used one for years. Doesn't debit card + overdraft = credit card anyway?Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-61445342650680624162017-12-31T10:05:00.331+00:002017-12-31T10:05:00.331+00:00From the article:
"The Sunday Telegraph has ...From the article:<br /><br /><i>"The Sunday Telegraph has learned that some retailers and other companies are planning measures to “sneak” around the rules. These include: refusing credit card payments; increasing shelf prices; introducing new “service charges” across the board."</i><br /><br />How is that "sneaking"? Credit card companies charge retailers outrageous fees and retailers are free to refuse to accept them.<br /><br />By the way, why don't people just use debit cards?Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-48622453749528459052017-12-31T08:55:32.268+00:002017-12-31T08:55:32.268+00:00Lola, personally I'm a fan of Ryanair and have...Lola, personally I'm a fan of Ryanair and have been since Hahn was the tin hut hanger of a decommissioned USAAF fighter base and as such was unmarked on my German AA Map Of The Strassen- when the stewardesses were all colleens with bog trotting accents so thick as to be incomprehensible. Back when a Ryanair flight was a curious mix of starving backpackers on the home leg and 3 piece suits cheating on their expense accounts. Doesn't change the fact that their CC charges were an obscenity (although like many 'old hands' I got myself an 'electron' card just to be able to avoid them). jack ketchhttps://www.blogger.com/profile/07921268825653615322noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-30102577049681955692017-12-31T08:13:58.826+00:002017-12-31T08:13:58.826+00:00JK. Then don't fly Ryanair.JK. Then don't fly Ryanair.Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-918286765415460142017-12-31T00:17:08.447+00:002017-12-31T00:17:08.447+00:00I haven't followed this one (is the ban a whol...I haven't followed this one (is the ban a wholly British thing or something instigated by the EU?)-but I wonder if the consequences are really unintended...then as far as I know CC companies charge retailers for the privilege and if that is the case then even the grottiest of politicians would have been able to forsee the results. I do not believe any bureaucrat , miffed at Ryanair's obscene charges, would really think that retailers would simply shrug and take the loss. jack ketchhttps://www.blogger.com/profile/07921268825653615322noreply@blogger.com