Ford stealer wants another 1½ %

foxtrot3 · 30-10-2010, 07:27 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, 07:28 PM

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

jpd80 · 30-10-2010, 07:48 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, 07:50 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 %.

MYVYSS · 30-10-2010, 11:13 PM

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, 01:27 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.

EF · 30-10-2010, 07:59 PM

credit cards are the devil !

LeadFoot81 · 01-11-2010, 12:41 PM

Quote:

Originally Posted by gt.4.me

credit cards are the devil !

Not if you know how to use them to your advantage...

Bucknaked · 30-10-2010, 08:04 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, 09:03 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, 09:22 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?

owl · 31-10-2010, 06:47 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

flappist · 31-10-2010, 12:00 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.

pottery beige · 30-10-2010, 09:37 PM

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

gossy · 30-10-2010, 10:56 PM

Quote:

Originally Posted by pottery beige

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

Neville _ _ _ _ _ Bartos!!

Your a funny bloke mate, love your wit.

landau460 · 31-10-2010, 08:24 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, 09:07 AM

Quote:

Originally Posted by landau460

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

bloody frozen.......

aussie muscle · 01-11-2010, 11:10 AM

Quote:

Originally Posted by pottery beige

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

in my home town no banks have atm, the only atm is a 3rd party one that charges 2.50 per transaction!! ie no cheaper. also if i get cash on the CC, the bank charges extra for that.(cash advance fee). best to stick to using your own money.

Quote:

Originally Posted by MYVYSS

.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.

i stopped at a petrol station in Goulburn NSW and they actually pump the gas for you (first i've seen it since early 80s). There's no reason gas stations can't use mobile CC machines too (like they have in Taxi's).

Quote:

Originally Posted by Tranquilized

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.

it's only 20c, but how much is that a YEAR you are ripping off customers?

flappist · 01-11-2010, 11:12 AM

Quote:

Originally Posted by aussie muscle

i stopped at a petrol station in Goulburn NSW and they actually pump the gas for you (first i've seen it since early 80s). There's no reason gas stations can't use mobile CC machines too (like they have in Taxi's).

Umm, yes there is......

Mobile CC machines use a mobile phone connection.

Yellow_Festiva · 01-11-2010, 01:50 PM

Quote:

Originally Posted by aussie muscle

it's only 20c, but how much is that a YEAR you are ripping off customers?

Ripping off? Oh please.

Do you eat out much? When was the last time you questioned a $12 breakfast or a $22 steak?

After all, 2 bits of bread, 2 eggs, 1 sausage, 2 rashers of bacon, a tomato.. would only 'cost' bout $3 now wouldn't it...

Those thieves!

Deaks · 30-10-2010, 09:52 PM

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

InTrail · 30-10-2010, 09:52 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.

zagan · 31-10-2010, 08:24 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.

seduced_xr · 31-10-2010, 06:20 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, 06:28 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, 06:38 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.

302 XC · 31-10-2010, 07:45 AM

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

**Polyal** · 31-10-2010, 08:02 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.

Gaz · 31-10-2010, 10:11 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?

tranquilized · 31-10-2010, 12:59 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.