If usage of Visa is not much, why can't CDG absorb the admin
fee?
Next time CDG gives warning to TD for not accepting credit
cards, you can tell them: "you also reject Visa wat".
Means cashless payment not important to CDG, so dun
expect TDs to follow. Double standards. phui!!!
I believe this is a commericial issue whereby it had surface in the
begining of this year, what tranpired during the meeting was that
when Visa, in wanting to have a more share of the market credit
customer, decided to take on cdg as a testing ground.
Everyone of us Visa is a global profitable organisation, but it
is losing it shares of the market due to many other cards surfacing
both locally and internationally, and they even lost out in getting
china customer which is one of the largest growing usage of credit
cards country, they went for their own china type of credit cards
that recently even cdg promoted the acceptance of it with lucky
draw too.
Therefore Visa is losing competitive edge and take on cdg to
tell them not to collect fees from customer, so that more will join
visa instead of other cards, and if Cdg agree to it, it will set
precedent to other establishment like restuarant, hotels..and so
on.
So, on the negiotation table, cdg counteract Visa on why other
establishment or organisation that work with visa charges their
customers a percentage of the fees, like in certain restuarant,
shops or booking airlines, if using visa, there are a certain
surcharges, even if no surcharges, it had already billed in
somewhere along the pricing. Can be the price of the food or
cloth.
