General > General Technical Chat

"FU^%ING" Credit-Cards!!!

<< < (15/27) > >>

Halcyon:
Discounts for cash payments in Australia pretty much don't exist. The only time where you might see this happen is in the building trade where you might get a discount for "cash". Basically it's the operator not declaring the income so no tax is paid on it. That being said, legitimate operators don't generally discount just because you're paying with cash.

You also won't see two prices depending on how you pay in retail stores. Sure, in some places you can negotiate a price, but method of payment has nothing to do with it.

As I mentioned earlier, I use my debit card for 99.9% of transactions, whether it be thousands of dollars or a $2 coffee. Merchant fees are fairly low so there really isn't an excuse for any business not to accept card (in fact, it would probably drive them out of business). I might use an ATM perhaps once, maybe twice per year and use cash to purchase anything perhaps five times a year, if that. Usually it's for ebay sellers where I'm picking up the items and they prefer cash. I never keep cash on me and I have a bucket of coins at home which I haven't touched in years.

That being said, my bank offers me the same protections as most credit card providers do, minus the fees or interest payments. If I make an "odd" payment that gets flagged (such as when I bought my last laptop), the bank is on the phone to me within 10 minutes. The payment is held until I give the OK. Likewise I've had transactions which I have disputed (such as when I don't receive the goods/services I ordered) and the bank has reversed those charges with very little questions asked. I can also use my debit card anywhere a credit card is accepted. I don't use credit cards at all and probably never will. I have no need for them.

HobGoblyn:
I like the debit card/phone app bank account I use mainly for overseas travel (won’t advertise it).

From the phone app it gives me the following options

View pin
Unlock pin/cvs (use after exceeding 3 tries)
Reset contactless limit
Enable/disable contactless payments
Enable/disable online transactions
Enable/disable location based security
Enable/disable swipe payments
Enable/disable ATM withdrawals

I’ve had this for about 3 years now, I keep everything disabled unless I’m about to use it, then only enable the payment method I’m about to use. Takes seconds, uses fingerprint id on my iPhone to log in, so no typing in codes etc

bd139:
That’s pretty nice.

SilverSolder:

The contracts that merchants sign with credit card companies often specifically prohibit giving discounts for using cash...   they don't want the costs associated with using a card to be visible to the consumer, for obvious reasons. 

The US gas station example is about the only one I can think of where this rule is not in place - perhaps the exception that proves the rule, perhaps they were never able to get that industry to conform to their policies from the beginning.  Consumers are extremely conscious about the price of gas, every tenth of a penny counts here.  I can't think of any other industry that majors on price in the same way...

Simon:

--- Quote from: SilverSolder on June 28, 2020, 12:07:47 pm ---
The contracts that merchants sign with credit card companies often specifically prohibit giving discounts for using cash...   they don't want the costs associated with using a card to be visible to the consumer, for obvious reasons. 

The US gas station example is about the only one I can think of where this rule is not in place - perhaps the exception that proves the rule, perhaps they were never able to get that industry to conform to their policies from the beginning.  Consumers are extremely conscious about the price of gas, every tenth of a penny counts here.  I can't think of any other industry that majors on price in the same way...


--- End quote ---

Fuel is a necessity, people will have to buy it. The only incentive to accept card is that it means the motorist caught short will have to pay by card but most customers would come purposefully so the first card company to cave in sets the stage for the others.

Navigation

[0] Message Index

[#] Next page

[*] Previous page

There was an error while thanking
Thanking...
Go to full version
Powered by SMFPacks Advanced Attachments Uploader Mod