Extra charges for using Credit card for payment

wwwQ SG

Have u encounter extra charges e.g 5% when you wanna use your credit card for payment? Do you think it’s fair to consumer?

ditzy SG

Of course have, like taxi lor, some movie tickets, and worst is travel agencies. Can't really blame them, they don't profit from the 5%. They're just passing the buck. Laughing

^tamago^ SG

depends on whether the points u earn can offset or not. Embarassed

but most of them it's not the case. Crying or Very sad

Cool-gal SG

shops in far east plaza do the same. sim lim too. haiz… so i always pay cash..

pipipopo SG

complain to moderators lor Laughing

FireIce SG

usually those are those small time shops who installed the facility in case customers wanna pay with CC....
but bcos of the admin fee and transaction charges, they may not want to absorb so the customer has to pay......

if u are going to these shops, prep cash or use nets lah

blowfish SG

i though is shop that paid the charges

dragg SG

might as well pay by nets.

why pay extra 5%?

SpecOps87 SG

Some shops by NETs you gotta pay the 2% or sumthing liddat also lor.

jetabt767400 SG

I never knew that NETS is chargable with the thing they call admin fee. But soon, if you withdraw cash from counters, even in POSB/DBS, you would need to pay admin fee of up to 20 dollars.
Banks like Citibank and ABN AMRO once charged 20 dollars due to their smaller size/operating status, but I am not happy about popular banks like POSB to charge that. There are millions of accounts in POSB/DBS, don't they profit enough?...

^tamago^ SG

yeah lor. yao gui mens. Sad

T.Ryousuke SG

Some big company like Borneo Motors also do that.

mrsmall SG

all the travels also

^tamago^ SG

i think the incentive for big companies is cos a 5% increase on an already large bill is a substantial amount and is lucrative to them, so they can use it as an excuse to earn more money. Evil or Very Mad

T.Ryousuke SG

Wat they trying to do is to under cut each other by reducing the price with credit card charges excluded.