Visa debit

Vego · 2013-10-13 21:22:09

Quick question :D.... I went to get a bit of petrol for the lawnmower today at the nearest garage got 5 euro worth and went to pay with the card and the counter assistant says she has to charge me 20 cent ontop of the 5 euro as no purchases are to be under 10 euro and I can go out and fill up another 5 euro (no sign…

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#32 15-10-2013 08:11AM

sandin

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Fred Swanson wrote: »

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Merchant service providers can put whatever terms they like in their agreement and a retailer can follow them or not follow them. The only thing a merchant service provider can do if a merchant does not adhere to the agreement is to withdraw the service - then the merchant just moves on to another on (choice of about a dozen in the market at present)

The AIB T&C's no longer have that condition (taken out years ago), but at the same time, commissions have dropped from 3% - 4% down to just over 1% and with cash lodgement fees at 0.45% the difference between cost of taking cash and cost of taking a card is only about 0.65%.

On small sales I would much prefer a credit card than a debit card as on a fiver sale the credit card will cost me 6c and debit card will cost me 19c. - However I don't sell low value items, so its not an issue in my business.

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