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Thread: Even travel companies charging Credit Card surcharge

  1. #21
    Senior Member azul123's Avatar
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    Default Re: Even travel companies charging Credit Card surcharge

    Quote Originally Posted by AReality View Post
    So u mean Cathay Photo is wrong by adding the 3% when I pay by credit card?


    .
    You agreed didn't you?

    ../azul123

  2. #22
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    Default Re: Even travel companies charging Credit Card surcharge

    Is it the banks charging too high?
    Why should proceesing fee be based on the $ amount?
    Shouldn't it be flat, on a per transaction basis?

  3. #23
    Senior Member azul123's Avatar
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    Default Re: Even travel companies charging Credit Card surcharge

    Quote Originally Posted by Stoppable View Post
    Is it the banks charging too high?
    Why should proceesing fee be based on the $ amount?
    Shouldn't it be flat, on a per transaction basis?
    Don't you think the risk are higher at higher amounts?

    ../azul123

  4. #24
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    Default Re: Even travel companies charging Credit Card surcharge

    Quote Originally Posted by Stoppable View Post
    Is it the banks charging too high?
    Why should proceesing fee be based on the $ amount?
    Shouldn't it be flat, on a per transaction basis?
    iirc Nets also have charge... abt 1% iirc...

    nothing is free in this world
    Logging Off. "You have 2,631 messages stored, of a total 400 allowed." don't PM me.

  5. #25
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    Default Re: Even travel companies charging Credit Card surcharge

    I call this positive approach , yes smarter marketing approach.

    The cases I'm taking abt here are both fixed price, they never reduce a
    single cent yet slap me with 3% . Next time I'll ask them the net cost before
    I buy.

    Quote Originally Posted by Del_CtrlnoAlt View Post
    use my method lor...

    offer cash discount... pay by cash 5% off... looks and feel better.

    marketing depts should look for me for more innovative ideas...

  6. #26
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    Default Re: Even travel companies charging Credit Card surcharge

    Overseas I'd never been asked to pay CC surcharge, only in Msia and Sing.
    I'm going to call MC 2moro.

    The problem I believe is the consumer awareness, which makes merchants
    manipulate things on thier own.

    Can someone here ( I believe there are photogs here close media ppl ) recommend
    newspapers put up this issue .

    Quote Originally Posted by azul123 View Post
    Don't you think the risk are higher at higher amounts?

    ../azul123

  7. #27
    Senior Member Big Kahuna's Avatar
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    Default Re: Even travel companies charging Credit Card surcharge

    Quote Originally Posted by Caussway View Post
    Overseas I'd never been asked to pay CC surcharge, only in Msia and Sing.
    I'm going to call MC 2moro.

    The problem I believe is the consumer awareness, which makes merchants
    manipulate things on thier own.

    Can someone here ( I believe there are photogs here close media ppl ) recommend
    newspapers put up this issue .
    Japan also the same.......I bought camera from Sakuraya and I have less discount than cash price....so they do discourage CC...

    I think it was chicken and egg scenario...for any mechant that accept CC payment, they have to bear the communication link and processing fees from CC company.....on top of that, they sold the goods but do not get the cash immediately...some I heard took two months to clear the payment from the bank....so in a way they have to bear the credit term on you behalf.....on the other hand, in order to be compatitive...they have to keep the cost low...Spore is a price sensitive market...people only remember the cheapest store nevermind the service.....so some pay their supplier in cash term inorder to get good discount......so inevitable they will prefer cash term from consumer as well....

  8. #28
    Senior Member creampuff's Avatar
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    Default Re: Even travel companies charging Credit Card surcharge

    In some places, one actually pays more for a transaction made with cash than by credit card. Big purchases made with cash aren't encouraged perhaps due to counterfeit notes circulating and the risks of handling and transporting cash. Try renting a car in the US using cash...

  9. #29
    Senior Member azul123's Avatar
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    Default Re: Even travel companies charging Credit Card surcharge

    Cashless is widespread in many parts of hte developed World because it many ways it helps in reducing mysteriously missing cash from the register. You can track CC payment and audit it, etc.. etc..

    Yes, it had several advantages.

    ../azul123

  10. #30

    Default Re: Even travel companies charging Credit Card surcharge

    Similarly it has several disadvantages.

    Firstly credit card fraud puts client to a possible and maximum fine of $50.00 . However, for the poor merchant who have processed the credit card would be liable by issuer fines.

    CC fraud is a serious problem. I have several friends who are e-merchants overseas, have found this a huge headache, and this is a business cost

    Secondly, CC itself is a cost. For some business, they take it as an opportunity. However, for alot of smaller business, it takes a large pie of their profits, hence a surcharge (preference for cash). Moreover, the cost of CC is taken care. (You , as a customer, has paid for it anyway, whether you know or not, like it or not)

    Thirdly, not many pple prefer to use CC. Yes, there is advantages of it, but alot of Singaporeans are bankrupt due to impulse usage of CC beyond their means. I myself, prefer paying through Nets.

    I am neutral if the travel companies tell me whether they will charge Credit Card surchage or not, for , I know , they have most likely incur that factor of CC into it and the customer is paying it ultimately.

  11. #31
    Senior Member azul123's Avatar
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    Default Re: Even travel companies charging Credit Card surcharge

    Yup convenience comes at a cost, there is a huge problem of spending money you don't have and it can become a social problem affecting and even breaking up families. Use Debit card if one cannot control impulse buys.

    But sometimes it is the only way to go when you are travelling overseas or use travellers cheque which is now getting less and less preference over the years.

    Anyway it is cost versus benefits and convenience.

    ../azul123

  12. #32

    Default Re: Even travel companies charging Credit Card surcharge

    By the way, from friends who worked in travel agencies before (not too sure which one) , these agencies can pay as little as 500,000 to 1-1.5 million dollars in CC charges per year depending on the size and operations.
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