| Comment | Say you’re a newsagents in the city centre that sells to 50 card transaction customers a day with a very conservative transaction fee of 10 pence per swipe. That’s £5 a day to use your machine. We won’t even factor in the percentage that visa sometimes put on top of that per sale. Now times that by 28 days and you’re at 140 quid a month just to use your machine and this is still being conservative. Would you say it would cost 140 quid a month in man hours to count some change up and take it to the bank once a month and then lift some change while you’re there? Say the shop owner employs someone at £10 an hour, which is a reasonable amount above minimum wage, would it take them 14 hours a month to count some change and take it to the bank? It would take less. So who pays for the 140 quid the shop owner is out of pocket? Us, the consumer. |
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