Re: FN-FORUM: Charging for payments

date posted 9th January 2006 19:07

On Monday 09 January 2006 19:32, Damon Birch wrote:
> People don't charge more for CC purchases, they charge a handling fee.

I didn't say they do, I just said that they can't...

> They shouldn't be allowed to charge for debit cards as for most companies
> debit cards are the cheapest way to accept a payment, since it is flat
> handling fee, rather than percentage. For most large companies CC are
> cheaper than cash, hence the invention of cash back - remove expensive
> money from your tills and increase the size of each debit card payment,
> reducing the percentage cost of the transaction

That's the funny thign - cash costs more to handle than cards these days,
although cheques are becoming so unpopular that there may be attempts to
phase them out some over the next few years