| Comment | The card issuers charge like 50p a transaction so if you’re buying a packet of crisps at 40p that the shop buy wholesale for 10p then they’ve made a loss of 20p on a single bag of crisps. This is the reason they often have a 10 quid minimum payment for cards cos then at least they’ll hopefully make some profit. The main problem is the greed of visa/MasterCard.
As for the ATM, for a private company buying the machine, renting a bit of land, paying for the electricity, internet, back-end infrastructure, subscription services to the card issuers, their accountants, the wages of the guy that refills it with money, his van, road tax, insurance, security, petrol and all of that again with the servicing engineers etc.... then £2 quid a transaction is an absolute fucking bargain to get money out when the banks are shut. How do folk not get it? |
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