sdm85
Gold Member
Any person / business taking EFTPOS payments are paying a fee of between 0.5% and 3% on each transaction. Cost of the eftpos machine might be $400-$600 a year depending on situation but you can bet the businesses with hundreds or thousands of machines are getting better pricing.are the extra fees for paying by card a legit thing or are they just BS to get more money out of us? i dont see any other service offering 10% more if you pay by card
Most places (Woolies etc) build the fees into their business but some places, coffee shops etc, are starting to pass on the fees so you see it come up on your phone. Some places are double dipping, building the fees into the cost of your goods or service whilst passing on the fees.
Anyone charging 5 or even 10% are just scamming you!!
Costs of living is getting out of hand, so are current prices but whilst people still continue to pay $8 for a cup of coffee or $500 for an hours company, people have no incentive to find ways to lower costs.
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