XPost: nf.general
From: mbudden@gmail.nojunkmailsvp.com
I am not sure on the legality of this... I have heard many things... Some
places do charge 25 cents on a purchase under a certain dollar amount, and I
try and avoid them places when at all possible, but I believe they are
alloud as long as they have signage that clearly states this... (I also
heard that it is also suppose to come up on the keypads too, but I am not
certain of this, as I have only seen a few places). Call your bank or the
interac crowd and find out what the policy is on this, as I am sure they
should know.
"Terry" wrote in message
news:OWBue.74695$Kk4.944213@news20.bellglobal.com...
> Buying yesterday at the local store outlet of a national chain store I was
> advised that there would be a 25 cent charge if I used my debit or credit
> card for a purchase of less than $5!
>
> This was the first time I have experienced this.
> Is it common practice throughout Canada?
> It was also mentioned that another store charges 50 cents for the same.
>
> Twenty five cents on $5 is a 5% premium.
> If the purchase was less, say $3.00 for a carton of milk, or similar, the
> twenty five cent charge is 8.3%!
> Fifty cents on $5 or less could be a 10% or higher premium.
>
> Am wondering if this is a reflection of or is caused by how much the banks
> charge businesses for bank debit card transactions. My bank tells me that
> such extra charges by retailers are the exception and very unusual.
>
> I guess I won't be shopping at that store again. Also after being
> accustomed to never having to carry money (except maybe afew coins in the
> vehicle for the odd parking meter) hope that will be able to continue use
> of 'plastic'.
>
> Debit cards are best because, requiring use of PIN they are more secure
> than a credit card. Also the transaction amount comes out of one's account
> almost immediately, and does not incur interest charges. It's easy to get
> at any time an on-line or toll free telephone update of the state of ones
> bank account.
>
> Comments? Personally I'd like to see banks make it mandatory that sellers
> who accept their debit cards NOT charge any additional fees.
>
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