Ford stealer wants another 1½ %

foxtrot3 · 30-10-2010, 08:27 PM

Hi. Down at the local ford dealer the other day and over heard a bloke picking up his car from the service dept being told he could pay his $2000+ bill using his credit card by paying an extra 1½ % using mastercard or visa or 4% extra if using an amex card. Now I know why they dont touch my car. An arm and leg is enough but trying to take ones other bits is a bit rich. Cheers MD

EF · 30-10-2010, 08:28 PM

wtf! that is waaaaaayyyyyyyyy ttttoooooo muuuucccchhhhhh poor fella that had to pay!

jpd80 · 30-10-2010, 08:48 PM

A lot of merchants refuse to deal with AMEX, if you don't completely
pay off your bills each month, they don't pay the merchants.

That's what i was told a few years back in the USA
and I believe it's still a universal policy elsewhere.

Many moons ago merchants used to add 3% to Bankcard and credit card
payments claiming banking costs. what people forget is that most merchants
ended putting that cost on their goods regardless of cash or card.
Now those same merchants are back for a second chop with banking fees...

vztrt · 30-10-2010, 08:50 PM

This is becoming more and more common that you have to pay the banks fee using a CC. If you think this is bad in the states (well in California) they have a price for paying cash and a price for paying by CC for fuel and its was more then a couple %.

EF · 30-10-2010, 08:59 PM

credit cards are the devil !

Bucknaked · 30-10-2010, 09:04 PM

Some servo's slug you the extra for using your card. Bloke at work showed me something he got regarding the credit card fees, and I was suirprised to hear that the extra surcharge is not as much as you pay. So the vendor is taking a little extra for themselves.

bobthebilda · 30-10-2010, 10:03 PM

one and a half percent aint too bad. Trying booking via some of the airlines. I purchased some tickets the other day. No other option than to pay via credit card. The flights were cheap, but the credit card fees added 6 percent to the costs.

flappist · 30-10-2010, 10:22 PM

Quote:

Originally Posted by foxtrot3

Hi. Down at the local ford dealer the other day and over heard a bloke picking up his car from the service dept being told he could pay his $2000+ bill using his credit card by paying an extra 1½ % using mastercard or visa or 4% extra if using an amex card. Now I know why they dont touch my car. An arm and leg is enough but trying to take ones other bits is a bit rich. Cheers MD

You want to save the 1.5% just go get a cash advance or use your own funds.

The credit card providers charge a fee to process the payment which comes off the income to the dealer.

How would you feel if you had to pay 5% of your wages in fees just to get paid by your employer?

pottery beige · 30-10-2010, 10:37 PM

Cash Neville.. wheres the bloody cash......

Deaks · 30-10-2010, 10:52 PM

Well put Flappist, dont want the fees, dont use it then.

InTrail · 30-10-2010, 10:52 PM

It's a cost of merchants using credit cards that has always been in place, and therefore always part of their non-fixed overheads. Only recently have they allowed to charge separately for it.
As already mentioned, if the price wasn't reduced for cash transactions, then the vendors are double dipping.

gossy · 30-10-2010, 11:56 PM

Quote:

Originally Posted by pottery beige

Cash Neville.. wheres the bloody cash......

Neville _ _ _ _ _ Bartos!!

Your a funny bloke mate, love your wit.

MYVYSS · 31-10-2010, 12:13 AM

Quote:

Originally Posted by vztrt

This is becoming more and more common that you have to pay the banks fee using a CC. If you think this is bad in the states (well in California) they have a price for paying cash and a price for paying by CC for fuel and its was more then a couple %.

Um...I lived in Cal for 14 months and never seen this, you pay for your petrol before you pump it EVERYWHERE. You either swipe your card or you pre pay in cash, the amount however is the same, just painful to say you want to put in 40 or fill it, and it only takes 36 or 44..as you have to head back in an either pay more and pump more, and or get some change, I always paid by CC at the bowser..Weird was in Portand Oregon, its illegal to pump your own gas, and they actually ask you for your pin so they can put it in, I told him mate, you can pump it all you like, however I will be putting in the pin number.

vztrt · 31-10-2010, 02:27 AM

Quote:

Originally Posted by MYVYSS

Um...I lived in Cal for 14 months and never seen this, you pay for your petrol before you pump it EVERYWHERE. You either swipe your card or you pre pay in cash, the amount however is the same, just painful to say you want to put in 40 or fill it, and it only takes 36 or 44..as you have to head back in an either pay more and pump more, and or get some change, I always paid by CC at the bowser..Weird was in Portand Oregon, its illegal to pump your own gas, and they actually ask you for your pin so they can put it in, I told him mate, you can pump it all you like, however I will be putting in the pin number.

Just got back from being down there and per gallon the price was about 7c different if you paid cash or used your CC.

seduced_xr · 31-10-2010, 07:20 AM

we wont take amex purely for the **** around it causes.. places charge credit card surcharges because they can. im usually stuck at work till 9 10 or 11pm the last thing i want to be doing is finding a ATM where i wont get mugged. ive learnt to just pay it

chevypower · 31-10-2010, 07:28 AM

Went to Couer d'Alene, ID a year ago and noticed they all did that there too. I know they pay 3% to the merchant for CC transactions, so why not give a break to cash-paying customers? I think it's a brilliant idea. The more vendors willing to do that, the quicker we can remove the control over this world from credit card companies.

XR Martin · 31-10-2010, 07:38 AM

Surprised companies still havnt realised that cash is always going to be a greater liability, and should be encouraging against it. But I guess the safety of the staff is of less importance than a little extra profit.

owl · 31-10-2010, 07:47 AM

Quote:

Originally Posted by flappist

You want to save the 1.5% just go get a cash advance or use your own funds.

The credit card providers charge a fee to process the payment which comes off the income to the dealer.

How would you feel if you had to pay 5% of your wages in fees just to get paid by your employer?

dont lose sight of the extra sales generated by the overspending of many using the cards that the retailer benifits from 1 or 2 per cent is a small price to pay for that windfall as well they are paid for their goods or service immediatly in many other businesses you have the privilage of waiting for your money

302 XC · 31-10-2010, 08:45 AM

Went to an auction place week or so ago
They charge 2% on any card transaction

**Polyal** · 31-10-2010, 09:02 AM

Have you guys booked flights lately? I got stung $21 with jetstar ($3.50 per way per person) to book online. Isn't the incentive to save overheads by having online bookings??

So ****ed off. Virgin does it too. Thats half the cost of the flight...for ONE card transaction, its not like they do it 4 separate times..bah.

Oh not a credit card either, but a debit visa. Its a joke.

zagan · 31-10-2010, 09:24 AM

Quote:

Originally Posted by InTrail

It's a cost of merchants using credit cards that has always been in place, and therefore always part of their non-fixed overheads. Only recently have they allowed to charge separately for it.
As already mentioned, if the price wasn't reduced for cash transactions, then the vendors are double dipping.

I was reading else where on the net...

that a guy using an amex card got hit with the extra fees, so he rang up amex to ask if a merchant can do that as it's a distinctive to even use the card with the extra fees.

The person at Amex asked who the merchant was as, as they aren't allowed to charge the customer a fee for using a amex card in Australia and they crack down hard on merchants that do charge extra fees.

The fee is meant to be paid by the merchant so customers can use amex cards at the store.

That was 2 years ago... though.

So going by that...

It's more like an employer paying your salary into your bank but to do so they have to charge you a fee so they can pay you. not the way you put it.

I've heard some employers do charge fees for that reason too, if you don't use a bank they want you do use.

Though the ACCC have changed the banking laws, so companies can charge extra fees, to try and force the CC companies into giving better deals or in other words competing against each other even though they won't.

landau460 · 31-10-2010, 09:24 AM

Quote:

Originally Posted by pottery beige

Cash Neville.. wheres the bloody cash......

No CASH HERE, here theres no cash, cash no robbo..... no cash

pottery beige · 31-10-2010, 10:07 AM

Quote:

Originally Posted by landau460

No CASH HERE, here theres no cash, cash no robbo..... no cash

bloody frozen.......

Gaz · 31-10-2010, 11:11 AM

We charged at my last job (not for profit association) as M/C and Visa charged us about 2.3% and Amex charged us about 2.9% on top of every transaction.

It can add up to quite a bit. It should be a flat fee (eg 20c per transaction), cause at 3%... well how does a $100 transaction cost $3 to process and a $10,000 transaction cost $300?

flappist · 31-10-2010, 01:00 PM

Quote:

Originally Posted by owl

dont lose sight of the extra sales generated by the overspending of many using the cards that the retailer benifits from 1 or 2 per cent is a small price to pay for that windfall as well they are paid for their goods or service immediatly in many other businesses you have the privilage of waiting for your money

Maybe once but now in the spending addicted culture we have created most cannot differentiate between own and borrowed funds with the cure to all problems being a limit increase.

tranquilized · 31-10-2010, 01:59 PM

Quote:

Originally Posted by Gaz

We charged at my last job (not for profit association) as M/C and Visa charged us about 2.3% and Amex charged us about 2.9% on top of every transaction.

It can add up to quite a bit. It should be a flat fee (eg 20c per transaction), cause at 3%... well how does a $100 transaction cost $3 to process and a $10,000 transaction cost $300?

Banks charge the vendors a percentage of the transaction amount. The reason AMEX cards aren't accepted at a lot of places is because their vendor charges are higher than mastercard and visa.

I charge my customers 2% on any credit card transaction. The banks charge me 1.38%, so yes, I'm making a little extra - a whopping 0.62%. So on a $200 transaction I'll be charged $2.76 by the bank - so $0.20 isn't really going to help is it.

Providing customers with the option of paying by credit card is a service we provide which costs us, so if the customer wishes to use this service they need to pay for it.

foxtrot3 · 31-10-2010, 04:50 PM

Hi. After a day every one says credit cards cost so the costs are passed on to the supplier but how much does "cash handling" cost either paying a security company (chubb on armourgaurd etc) to pick it up or the time for staff to deposit in bank, with todays labour costs and the risks of large cash amounts on site does a card transaction really cost and more than a cash transaction by the time it is in your bank account? We do free credit card transactions at our workplace as if we didnt about half of those sales would walk. Cheers MD

flappist · 31-10-2010, 05:33 PM

Quote:

Originally Posted by foxtrot3

Hi. After a day every one says credit cards cost so the costs are passed on to the supplier but how much does "cash handling" cost either paying a security company (chubb on armourgaurd etc) to pick it up or the time for staff to deposit in bank, with todays labour costs and the risks of large cash amounts on site does a card transaction really cost and more than a cash transaction by the time it is in your bank account? We do free credit card transactions at our workplace as if we didnt about half of those sales would walk. Cheers MD

Which means that your company has already factored this cost into your sales price or you will be looking for a new job in a short period of time.

Do you give discount for EFTPOS (sav)? Cheques? Cash? Visa Debit?

Or do you rip all of THOSE people off?

As far as huge amounts of cash, did it ever occur to you that the majority of businesses are NOT Woolworths or Coles and have to go to the bank anyway on a fairly regular basis for all of the other deposits etc.

There is a HUGE difference between RUNNING a small business and WORKING IN a small business.

P.S. Cash is not so common now in most businesses. 10-15 years ago when cash was more common and larger cash amounts were banked myself and many of my friends used to carry insurance while transporting cash and valuables, mine was mostly plastic and made in Austria.

Yellow_Festiva · 31-10-2010, 07:42 PM

I don't see the problem.

Use your money, pay the invoiced price, borrow from the bank, pay the fee to use another persons money, as well as the privilege of having up to 55 days to pay it back before interest starts.

A credit card can be a wonderful thing. If you are strict, and only use it to replace money you already have then thats no problem, just pay the amount in full the day it's due.

If you hit the town, rack up a bill and take several years to pay it back at 18% of course you will despise them... but in the end you are the person making the transactions.

Kieron · 31-10-2010, 10:47 PM

Quote:

Originally Posted by tranquilized

Providing customers with the option of paying by credit card is a service we provide which costs us, so if the customer wishes to use this service they need to pay for it.

Actually, it's a benefit to you as the vendor. If you don't offer CC facilities, then you don't get the business if I want to pay by CC.

Also, if I come to your company to purchase a widgit and it's $500 + 2% CC and down the road charges $500 with no CC fee for the same widgit, then you lose the sale.