Value Collector
Have courage, and be kind.
- Joined
- 13 January 2014
- Posts
- 12,237
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Can he run the pub with no power?Shock, horror, the publican could have become quite distraught if the opening bell was rung and no one could pay for the drinks. Of course if cash was in the pocket, then no problem.
I don’t get that, it’s just a cost of business, build it into your price, I mean she is complaining that at Christmas it’s 3 x higher but obviously she is doing 3 times the sales.Cafe owner's desperate cash plea over hidden $300 a month cost: 'It's extraordinary'
"An Aussie cafe owner is desperately asking people across the country to use cash more. Belinda Ellis runs the Little Gnome coffee shop and bookstore in Brisbane and she's dealing with a $300 per month issue that's plaguing millions.
She told Yahoo Finance that she's losing that amount of money every month because of card surcharges. While digital payments are the overwhelming favourite for Aussies across the country, Ellis said it has a huge impact on small businesses like hers.
"It's an extraordinary amount of money," she said.
But as Australia approaches the Christmas holiday season, Ellis said that $300 can easily skyrocket to $900 in a month.
While she knows that those fees mean loads of sales, she's frustrated that a small-time cafe has to pay so much just for the privilege of offering digital payments.
The Reserve Bank of Australia revealed earlier this month that small retailers are in a David vs Goliath fight compared to their juggernaut competitors when it comes to surcharges.
"The average per-transaction fee (‘cost of acceptance’ for card payments) paid by small merchants is around three times that paid by large merchants," the central bank stated."
Cafe owner's desperate cash plea over hidden $300 a month cost: 'It's extraordinary'
"An Aussie cafe owner is desperately asking people across the country to use cash more. Belinda Ellis runs the Little Gnome coffee shop and bookstore in Brisbane and she's dealing with a $300 per month issue that's plaguing millions.
She told Yahoo Finance that she's losing that amount of money every month because of card surcharges. While digital payments are the overwhelming favourite for Aussies across the country, Ellis said it has a huge impact on small businesses like hers.
"It's an extraordinary amount of money," she said.
But as Australia approaches the Christmas holiday season, Ellis said that $300 can easily skyrocket to $900 in a month.
While she knows that those fees mean loads of sales, she's frustrated that a small-time cafe has to pay so much just for the privilege of offering digital payments.
The Reserve Bank of Australia revealed earlier this month that small retailers are in a David vs Goliath fight compared to their juggernaut competitors when it comes to surcharges.
"The average per-transaction fee (‘cost of acceptance’ for card payments) paid by small merchants is around three times that paid by large merchants," the central bank stated."
Small amounts deducted and nobody generally notices.Well this is a new one and as it's a cashless transaction, thought I'd post this here as an ALERT to double check your banking statements.
Our business banking statement shows a Direct Debit paid to one of Australia's biggest telco's.
Thing is, we don't have nor ever had any service, business, residential or any otherwise with this provider.
After all if we had any service contract with said provider, we'd know about it plus, have records, invoices and such on file including the Direct Debit instructions.
First things first, contacted our bank thus stopped all payments from any of our accounts to this provider.
Contacted the provider, needed to email details of the issue providing evidence etc... so this is WIP (work in progress).
So why was this payment deducted?
No doubt a typo somewhere that's taken a piddly $69.99 out of our account. Yes, a trifling amount but incorrectly taken for a non-existent service.
Must mention that we've also had two deductions from another big telco for; Name of Telco Services, whatever that means.
Even the telco couldn't tell us what these "service" charges were for.
Thankfully, this has been sorted and we've been reimbursed.
Across the boarder populace, I wonder just how many other "errors" have occured and actually slipped through unnoticed.
So watch out for your pennies people!
No comment from me on this action. Queue outrage though.
Commonwealth Bank to charge customers $3 'withdrawal fee' to access their own cash
The Commonwealth Bank has unveiled major changes to one of its main everyday account offerings, which will see customers charged $3 to withdraw their own money.www.abc.net.au
they tried some of this stuff before , and it went sour on themNo comment from me on this action. Queue outrage though.
Commonwealth Bank to charge customers $3 'withdrawal fee' to access their own cash
The Commonwealth Bank has unveiled major changes to one of its main everyday account offerings, which will see customers charged $3 to withdraw their own money.www.abc.net.au
@embryo Nothing like greed when a thieving bank is involvedCBA have announced that they will charge a $3 fee for taking out cash at a branch or Post Office
When one bank does it and gets away with it, the others seem to follow.CBA have announced that they will charge a $3 fee for taking out cash at a branch or Post Office
Umm... you do know that major Aussie banks allow crypto transactions and have ATMs that do the same right?Banks are dinosaurs. They will go the way of blockbuster. Everyone hates banks, they are slow, bureaucratic, their customer service sucks dogs balls, their technology is outdated, they suck at everything they do and they likely won't exist in 30 years time. Crypto is the future. Crypto is like Netflix and the banks are like Blockbuster had their late fees which everybody hated and their out of stock titles, etc.
Which Banks Allow You to Buy Bitcoin in Australia?
Most major banks in Australia allow cryptocurrency purchases, but it's important to check with your bank for any specific restrictions or policies. Banks such as Commonwealth Bank, ANZ, Westpac, and NAB generally permit crypto transactions, though individual experiences may vary.
Are There Bitcoin ATMs in Australia?
Yes, there are Bitcoin ATMs in Australia. These ATMs allow users to buy Bitcoin with cash or sell Bitcoin for cash. They are located in major cities and are becoming increasingly available across the country.
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