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Speakers Corner


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Credit/debit card surcharges to be banned


anchor

Likes # 1

Good news; about time.

latest news

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oresome

Likes # 0

Caravans have a delivery charge added too.

The manufacturer determines a maximum delivery charge of something like £500 which allows for transportation to the most distant dealer in Inverness or wherever.

Guess what, all dealers charge the maximum set by the manufacturer even if they are 30 miles from the factory.

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Forum Editor

Likes # 0

The truth about commercial life is that it's perfectly reasonable for a company to expect to recover operating costs via the selling price of its goods and/or services.

It may not be reasonable for credit card transaction fees to be charged in excess of the cost that actually accrues to the seller, but if that avenue is closed it's not going to be long before the company finds another way to increase revenue on sales.

One way or another, we must expect to pay a reasonable cost for flying; you get nothing for nothing, as the old saying goes, and those people who get all hot under the collar because they're asked to pay a card transaction fee for a ludicrously cheap airline ticket had better wake up to reality. They're going to pay in the end.

I make no comment about the moral aspects of budget airlines' competitive price advertising - that's another subject.

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Condom

Likes # 0

I can only agree with FE to a certain extent. Credit card charges from the various companies that provide them have always been a part of the system and years ago they were factored into the costs of retailers using them and were reflected in what the customer had to pay. What is happening now is that many of these retailers are trying to charge us a second time by showing them as a seperate charge when in fact they have already included them years ago.

Debit cards are a different matter but they are cheaper to use than the old cheque system so again if retailers start charging as a declared cost they are again charging us a second time.

Cheap airlines are working to different rules altogether so any charges they add on should be declared truthfully and not hidden behind bank charges.

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Condom

Likes # 0

Midgetninja

No one is suggesting anything of the kind. Anyone running any sort of business has to absorb various costs be it rent, rates, power and banking charges. All of these things are included in retailers costs and are factored into the prices you charge customers including your % profit.

Adding seperately for one particular charge such as banking is ludicrous. Are you suggesting that next we have a separate charge to reflect your increasing electricity bill.

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morddwyd

Likes # 0

Condom has it right.

If you wish to avoid these charges you should go back to the system rarely seen, these days though it used to be common, - offer a discount for cash.

My wife never buys durables, say £80+, without asking for a discount for cash.

She gets it three times out of five, even in places like Comet and Currys.

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spuds

Likes # 0

I notice that media reports today, seem to suggest that the DVLA will be exempt, and will still be allowed to charge £2.50 for credit card transactions, because "this is a reasonable amount".

Also it would appear that RyanAir are having a bit of a dig at the government, about increases on airport taxes?.

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Aitchbee

Likes # 0

As someone who has never used or owned a credit-card, will this 'good news' be 'bad news' for people who don't use/own a credit card?

Administration costs sounds like a euphemism for 'daylightrobbery'.

Undoubtedly,some people (foolishly) will be enticed into acquiring a credit card, on this 'good news week'.

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OTT_B

Likes # 0

morddwyd

The likes of Comet / Currys will discount 3 out of 5 times no matter how you are paying....

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morddwyd

Likes # 0

"some people (foolishly) will be enticed into acquiring a credit card,"

Why "foolishly"?

A company offers you a free facility. You may, or may not, decide to use this facility.

Those who decide to use it are no more foolish than those who do not.

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Aitchbee

Likes # 0

I used the word fool (foolishly), because 'A fool and his money are easily parted'.

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