Peter Mugridge
Veteran Member
Isn't there a problem in that you don't get a receipt with contactless, making it more awkward to keep track of your spending?
Isn't there a problem in that you don't get a receipt with contactless, making it more awkward to keep track of your spending?
In my experience, as they use the same machine as for chip and pin, a receipt is always available if you want one.
That’s rubbish. Debit card fees for the merchant are around 0.2% plus 2p per transaction authorisation. Credit card fees can be up to 2% (+2p). If you are a shop selling most of your wares at a margin of less than 2%, then you won’t be in business very long.
It’s been a long time since I saw anywhere that had a minimum limit on card transactions. I didn’t realise this was still a thing.
Isn't there a problem in that you don't get a receipt with contactless, making it more awkward to keep track of your spending?
I never use contactless either, and can't do so out of choice i.e. I refuse to accept a contactless card from my bank, which is my prerogative.One of the local newsagents here has a notice sellotaped to the terminal saying "You will NOT get a receipt with contactless."
I do always obtain a receipt when I use my card* - if I didn't, I would probably forget to log the expenditure in my bank book ( which is a spreadsheet and not a traditional physical book, before anyone asks! )
*I never use contactless.
I'd forgotten that: tbh I haven't used the place I was thinking about since the change.Charging a fee for credit/debit card usage is now illegal.
I do so hate having a statement full of £2 and £3 transactions though.
Isn't there a problem in that you don't get a receipt with contactless, making it more awkward to keep track of your spending?
Charging a fee for credit/debit card usage has been illegal since January. See link
Not sure if this is a significant issue in Britain, but in Australia we see regular (although not necessarily frequent) TV news reports about outages which affect businesses relying on customers making electronic transactions.Or that a cashless society is more convenient for everyone.
Contactless cards are much more convenient and faster than cash, very rarely do I spend money in cash.
Are cash dispensers on the way out?
Although cash is now made of plastic so if you take that saying literally then it doesn’t make sense anymore. However it’s only people with brains that work in the way that mine does that notice things like that.People say cash is dead, plastic is king.
One of the local newsagents here has a notice sellotaped to the terminal saying "You will NOT get a receipt with contactless."
Cash means freedom. It always works - there is no external system to that has to be relied on - and it's private.
It doesn’t ‘always work’ if the vendor doesn’t accept it. As is increasingly the case.
It doesn’t ‘always work’ if the vendor doesn’t accept it. As is increasingly the case.
It doesn’t ‘always work’ if the vendor doesn’t accept it. As is increasingly the case.
I think it's very much a South East thing. I've seen some articles on it online and it's always businesses in or around London that are being talked about.You say it's increasing but i've yet to see anywhere that doesn't accept cash. I suspect i'm not alone.
I think it's very much a South East thing. I've seen some articles on it online and it's always businesses in or around London that are being talked about.
It’s been a long time since I saw anywhere that had a minimum limit on card transactions. I didn’t realise this was still a thing.
We only pay 1.75% on all transactions, including Amex. Plenty of providers there now for phone based processing. Customers expect to pay by card. We no longer accept cheques.I have a number of small shops, B&Bs, cafes etc as clients - I do their "books". The average is currently 50:50 between cash and card, so it will be quite a long time yet before the end of cash, especially for small purchases in small businesses where the "per transaction" card charges can be quite steep. Even for businesses small enough not to be registered for VAT, their monthly bank/card charges can be hundreds of pounds per month which is a real drain on their profits.
Cash means freedom. It always works - there is no external system to that has to be relied on - and it's private.
You say it's increasing but i've yet to see anywhere that doesn't accept cash. I suspect i'm not alone.
So all the shops getting rid of cash are in loony London.
Quelle Surprise !