Methods of payment

[classic33]

Why would they? If they deduct it from what the supplier gets, then you're still paying it but can't see it.

How can they deduct it from the suppliers price?
Two seperate prices, one for cards the other for cash.

 

[tyred]

I tried using a smart phone to light my cigar but find a €50 note works better.

 

[mjr]

How can they deduct it from the suppliers price?

For example, whenever you pay someone £100, the card processing chain passes on only £98 or less and keeps the rest.

Two seperate prices, one for cards the other for cash.

Why would they? And why would the cash price be any lower, because handling cash is a long way from cost-free too?

 

[classic33]

For example, whenever you pay someone £100, the card processing chain passes on only £98 or less and keeps the rest.

Why would they? And why would the cash price be any lower, because handling cash is a long way from cost-free too?

So, if something is sold using a card as payment they get £98, use cash they get the full £100. Wonder which they'd prefer to use?

Cash taken as payment can be handed back as change in another cash sale. Not as easy with a card.

 

[smutchin]

use cash they get the full £100

Not after you've deducted the bank's handling fees... As @mjr noted, and you ignored, using cash for transactions is not cost-free, even if some of the costs are not readily apparent.

 

[NorthernDave]

A neighbour helped me out with a spot of work in the garden. I paid him with a 12 pack of beer - does that count?

 

[classic33]

A neighbour helped me out with a spot of work in the garden. I paid him with a 12 pack of beer - does that count?

T'want stuff you didn't want?

Not after you've deducted the bank's handling fees... As @mjr noted, and you ignored, using cash for transactions is not cost-free, even if some of the costs are not readily apparent.

For now, the retailer carries the charge for card use. Over and above the price they charge.

 

[hopless500]

Online banking and paypal for me. My bank still doesn't do contactless but I have just sorted a contactless travel card which is multi currency which can also be used in the UK.

 

[jefmcg]

My bank still doesn't do contactless

What? Which bank won't give out a contactless card?

(last time I checked, Barclays hadn't signed on with Android Pay - they may have now - but I have a contactless bank cards and Visa.)

 

[hopless500]

What? Which bank won't give out a contactless card?

(last time I checked, Barclays hadn't signed on with Android Pay - they may have now - but I have a contactless bank cards and Visa.)

Barclays have done it for some time.
St James' Place however are in the dark ages.

 

[classic33]

Barclays have done it for some time.
St James' Place however are in the dark ages.

Thought they were bring out their own system?

 

[hopless500]

Thought they were bring out their own system?

Don't know.....

 

[classic33]

Let's not forget Green Shield Stamps.

Remember the great Green Shield Stamp hyperinflation of the 70s (which gave birth to Argos)

Now part of Sainsburys

 

[jefmcg]

(which gave birth to Argos)

Thank you (and Wikipedia). Argos is such a peculiar store (which I do use), I wondered idly how it came into existence.

It all makes sense now.

 

[raleighnut]

My dad used to come home with sheets and sheets of Green Shield Stamps and it was my job to stick them into the books. I used to use a sponge as licking that acreage of stamp would have left me completely dehydrated. One painstakingly filled damp book of stamps would buy you a quarter share in a plastic pepper shaker or something. For worthwhile purchases an entire bookshelf of the things was required.

Co-op stamps too, mind they used to pay for the Christmas food at ours.