Fuel Retailers Association debating whether to pass card transaction costs onto motorists

Get rid of cash, charge for transactions, just another added method to screw over hard earning people.

When officaldom punts an idea like a cashless society, there will be consequences that cost people more money in the long run.

Even with cash, the business is charged for handling it... this is not really a new concept.
 
why are they paying per liter and not for the whole transaction...someone's getting shafted and someone's making a truckload of money...hulle moer...i don't carry cash but I will if they do this...then I might ask for random amounts that require change...
 
So then I go inside and buy a coffee and pie and have to pay the transaction fees there too when I tap my card? :laugh:
Anything to try further milk the consumer. Get wrecked.
 
This is illegal and goes against banking rules around visa and mastercard pos. Merchants may not inflate price differences based on purchase method.

Goes against the T&C of POS devices and agreements. To quote the reserve bank Interchange policy



PASA FAQ


Point 11 under Credit Card.
They'll offer Cash discounts instead - common evasion tactic for this
 
As it has been for decades? yes.
“If you swipe your credit card, 44 cents a litre, which is not in the retail margin, has got to be absorbed by the retailer, which we believe is very unfair,” said Sibaya.

“There is still a debate at the moment whether that cost should be transferred to the motorist.”
I guess "no" currently........
 
AS soon as this gets the go ahead I am doing the same. WTF must I pay the parasite banking industry when the customers can.
 
44 cents per litre for a card transaction :oops: Is everyone using Amex or Diners Club?
Not sure why everyone is so surprised by this. That sounds perfectly reasonable if the transaction fee is around 2%, which is what a high volume retailer like a filling station is most likely paying.
Also allowing us to fill our own cars at a discounted rate.
This is what the Fuel Retailer association should really be pushing. Generally petrol attendants only serve to prolong the refueling process. Self service would save loads of time.
And we move one step closer to a cashless society! :mad:
Make this country safer and perhaps more motorists will drive around with cash in their pocket for fuel!
Why must the consumer always pay for retailers input costs, it is no wonder why the cost of living is constantly on an upward trajectory.
Why shouldn't the consumer pay for the input costs of the retailer? That's generally how business works.
Is it accurate to assume that retailers do not incur any transaction costs for debit card payments?
No, not accurate. I pay the same transaction fee whether my customers pay with credit or debit cards.
Why the hell would anyone use cash to pay for petrol?
Why wouldn't they? If you have cash why not pay in cash?
Imagine how much money fuel retailers could save if we didn't have all those pump attendants.
People overseas fill their cars and then go pay inside the shop.
The labour unions screwed it for all of us, not to mention crime that wouldn't even allow for an honour system to work in this country.
No need for an honour system. In France they use a prepaid system. Before the pump is activated, you need to insert your card, and it pre-authorises an maximum amount you can fill, you then fill up the desired amount, and are charged for that, and the pre-aurhorisation is reversed. Much like uber does. They also have cash payment options at many filling stations. So you deposit the amount you want to max out at into the machine, you fill up, and it either stops when you reach the amount you deposit, or gives you change if you didn't use the full amount.
Get rid of cash, charge for transactions, just another added method to screw over hard earning people.

When officaldom punts an idea like a cashless society, there will be consequences that cost people more money in the long run.
Cash also costs money. Most business works the transaction fee into their operating margin, whether that's card fees or Cash handling fees. Filling station owners aren't allowed to do this, as the price they charge for petrol is fixed, as is their margin.
 
why are they paying per liter and not for the whole transaction...someone's getting shafted and someone's making a truckload of money...hulle moer...i don't carry cash but I will if they do this...then I might ask for random amounts that require change...

R0.44 / R20.73 (current petrol price) = 2.122%

it seems to be correct. 2% is a very low percentage already.
 
So then I go inside and buy a coffee and pie and have to pay the transaction fees there too when I tap my card? :laugh:
Anything to try further milk the consumer. Get wrecked.
You are definitely paying for the transaction fee when you go inside and buy a coffee and a pie. That cost is worked into their margin. But its not on the litre of petrol you buy.
The way it should be , NOT the customer.
You don't think that cost is worked into their pricing and you as the customer are paying for it? Why would any business owner not work his cost of sales into his sales or price?
 
Yes and no, i get payed in cash, i pay in cash no bank no handling fees. Lived perfectly fine that way for the last 40 years.
And if you only shopped at the corner cafe, and ask for a cash discount each time, maybe you would be right, but every business you pay in cash, has costs associated with handling that cash, and that is worked into their pricing.

We don't charge our customers extra if they pay by card, but we love it when some choose to pay by cash or EFT, as then I score about 3% extra on the sale. But I am a relatively small business, so if someone does pay me cash, I definitely don't bank it, so I have no cash handling fees.
 
Not sure why everyone is so surprised by this. That sounds perfectly reasonable if the transaction fee is around 2%, which is what a high volume retailer like a filling station is most likely paying.

This is what the Fuel Retailer association should really be pushing. Generally petrol attendants only serve to prolong the refueling process. Self service would save loads of time.

Why shouldn't the consumer pay for the input costs of the retailer? That's generally how business works.

No, not accurate. I pay the same transaction fee whether my customers pay with credit or debit cards.

Why wouldn't they? If you have cash why not pay in cash?

No need for an honour system. In France they use a prepaid system. Before the pump is activated, you need to insert your card, and it pre-authorises an maximum amount you can fill, you then fill up the desired amount, and are charged for that, and the pre-aurhorisation is reversed. Much like uber does. They also have cash payment options at many filling stations. So you deposit the amount you want to max out at into the machine, you fill up, and it either stops when you reach the amount you deposit, or gives you change if you didn't use the full amount.

Cash also costs money. Most business works the transaction fee into their operating margin, whether that's card fees or Cash handling fees. Filling station owners aren't allowed to do this, as the price they charge for petrol is fixed, as is their margin.
I am capable of pumping my own fuel and do not need to have an unnecessary overhead of a petrol attendant! It is all about scale of operation, bloated workforce equals bloated prices! Take Escum for example
 
What do you mean by that, fuel purchases are handled like anything else on a credit card, 55 days interest free.
Fuels is counted as a cash advance not a purchase - check on your T&Cs

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Nedbank
C4.4 If you pay the outstanding balance on your card account on or before the due date as stipulated on the monthly statement, we may decide not to charge interest for card transactions (other than cash advances or withdrawals, electronic transfers, foreign exchange, casino chip or fuel purchases – these transactions will incur interest from day one) that appear for the first time on that statement. This will not mean that we have waived our right to charge interest and we reserve the right to charge interest at any time.

Standard
on the amount of each cash advance (for example, cash withdrawals, travellers’ cheques, foreign exchange, casino chips, fuel purchases and any electronic Card Account purchases or transfers) if the cash advance results in a debit balance on your Card Account, with the understanding that the interest will be calculated from the date of the cash advance to the date on which the amount is repaid in full.
 
They mustn't complain. They recover more than 44c from the R1 NikNaks they sell for R2.50
 
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