JimmyRiddle Posted July 18, 2008 Share Posted July 18, 2008 (edited) Does anyone know why we now have to pay surcharges if you make purchases on a credit card?? Unless my memory is going I am sure 3/4 years ago this was never the case. But then again supermarkets and Argos for example don't, but airlines/holidays etc do? i know the vendor gets charged on the transaction, hence the minimum spend signs you occasionally see, which is fair enough, but seems a cheek to be charged for the privilege of spending your money. Just interested as to why this is and what has changed if anyone can enlighten me? Thanks Edited July 18, 2008 by JimmyRiddle Link to comment Share on other sites More sharing options...
no balls Posted July 18, 2008 Share Posted July 18, 2008 Ikea does too. Though I've not a clue why, other than I do know that credit card companies charge companies for being able to use their facilities. Link to comment Share on other sites More sharing options...
frank_spencer Posted July 18, 2008 Share Posted July 18, 2008 i know AMEX charge more so hense why a lot of places don't take it. Link to comment Share on other sites More sharing options...
Mr Softee Posted July 18, 2008 Share Posted July 18, 2008 I think they all charge but most take it off the bill first and then apply the charge. I think there will be a note about it on some receipts. Link to comment Share on other sites More sharing options...
Moderators Casino Posted July 18, 2008 Moderators Share Posted July 18, 2008 Ikea does too. Though I've not a clue why, other than I do know that credit card companies charge companies for being able to use their facilities. there you have it i recently made a big purchase it was +2% for credit card and CASH no surcharge for debit card Link to comment Share on other sites More sharing options...
JimmyRiddle Posted July 18, 2008 Author Share Posted July 18, 2008 (edited) I think they all charge but most take it off the bill first and then apply the charge. I think there will be a note about it on some receipts. A bit before my time but shops used to advertise the fact they took plastic as a marketing tool to entice you to spend at their outlet, they did not charge you for the privilege, but took the hit themselves as a business cost? But something appears to have changed? Has the law altered to allow merchants to now pass on these fees? Edited July 18, 2008 by JimmyRiddle Link to comment Share on other sites More sharing options...
Smiffs Posted July 18, 2008 Share Posted July 18, 2008 I think its just that bank charges are so f?ckin high now, folk have topass it onto the customer. you think, every time a customer goes through a till at Ikea, its costing them (say) 60p. Thats a lot of 60 pences is that which all adds up. I cant work out how we get charged for paying money in, and charged for taking it out again? Link to comment Share on other sites More sharing options...
Widnes Two Hats Posted July 18, 2008 Share Posted July 18, 2008 We use on line authorisation at our place It's a standard fee for any payment over ?50 and it costs 90p per transaction via Barclays So the simple fact is that anybody charging your 2%, etc is a f?cking thief But, that's the travel industry all over for you, add ons galore Link to comment Share on other sites More sharing options...
THunter Posted July 18, 2008 Share Posted July 18, 2008 Does anyone know why we now have to pay surcharges if you make purchases on a credit card?? Unless my memory is going I am sure 3/4 years ago this was never the case. But then again supermarkets and Argos for example don't, but airlines/holidays etc do? i know the vendor gets charged on the transaction, hence the minimum spend signs you occasionally see, which is fair enough, but seems a cheek to be charged for the privilege of spending your money. Just interested as to why this is and what has changed if anyone can enlighten me? Thanks The law was changed a couple of years ago. Before then it wasn't legal to make a surcharge. Link to comment Share on other sites More sharing options...
JimmyRiddle Posted July 18, 2008 Author Share Posted July 18, 2008 The law was changed a couple of years ago. Before then it wasn't legal to make a surcharge. New it had to have something to do with our puritan Prime Minister!!! Link to comment Share on other sites More sharing options...
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