Credit Card Charges Being Outlawed
January the 12th I believe is the last day where retailers can charge for accepting payments via credit cards. Now I know the banking system doesn't run for free but I have always tried to pass on the charge (made punter pay 2%) to ensure that my margin remains intact. Back last year when a member of staff sold a 9k car I was horrified a few weeks later as the statement came through showing we had been charged £200 for taking payment via a credit card, to top it off he'd already given a discount
In addition to any usage fees, there’s a benefit to banks getting people using plastic - much of the general public are so poor at money management that it’s just another way of getting them in debt.
A man with cash in his pocket knows what he has left - most of these idiots paying for drinks at the pub on plastic think that the card’s credit limit is point zero.
I’ve definitely noticed an increase in punters asking for CC payments - I don’t take them so it won’t affect me but punters
