New Posts For Thread: Transaction feehttps://community.betfair.com/chit_chat/go/thread/view/94038/23471158/transaction-feeI've just been on the Cheltenham Racecourse website to buy tickets for 2 days at The Festival.Added to my £70 was a £1 transaction fee.What is this?Gene HackmanYes it's true, that if you go to Asda or Tesco just to buy a loaf with a card, then they won't charge a transaction fee, though I don't know how much it would affect the profit Asda would make on a loaf of breadI can imagine Asda would behttps://community.betfair.com/chit_chat/go/thread/view/94038/23471158/transaction-fee?post_id=419201274#419201274Gene HackmanYes it's true, that if you go to Asda or Tesco just to buy a loaf with a card, then they won't charge a transaction fee, though I don't know how much it would affect the profit Asda would make on a loaf of breadI can imagine Asda would beMon, 08 Feb 2010 12:24:44 -0600the sum that credit card companies take as commission varies from about 1% to 4%, it depends on the volume and size of transactions, bigger transactions attract a smaller commission %, if it's a debit card then the commission is less (and a fixed amohttps://community.betfair.com/chit_chat/go/thread/view/94038/23471158/transaction-fee?post_id=419201270#419201270the sum that credit card companies take as commission varies from about 1% to 4%, it depends on the volume and size of transactions, bigger transactions attract a smaller commission %, if it's a debit card then the commission is less (and a fixed amoMon, 08 Feb 2010 12:24:32 -0600I just booked a flight with my Banks Visa Debit card, they charged me £6, they do not accept Maestro cards.https://community.betfair.com/chit_chat/go/thread/view/94038/23471158/transaction-fee?post_id=419201266#419201266I just booked a flight with my Banks Visa Debit card, they charged me £6, they do not accept Maestro cards.Mon, 08 Feb 2010 12:18:14 -0600Gene Hackman,VISA take 3% of the sum of transactionsso the £70 cost the racecourse £2.10 in taking your paymenthttps://community.betfair.com/chit_chat/go/thread/view/94038/23471158/transaction-fee?post_id=419201262#419201262Gene Hackman,VISA take 3% of the sum of transactionsso the £70 cost the racecourse £2.10 in taking your paymentMon, 08 Feb 2010 12:13:27 -0600If they tried this type of thing in France or Italy....or Greece or Spain there would be riots in the street.Here we have a country full of people who just pay and put up with this nonesense.Well no more.https://community.betfair.com/chit_chat/go/thread/view/94038/23471158/transaction-fee?post_id=419201258#419201258If they tried this type of thing in France or Italy....or Greece or Spain there would be riots in the street.Here we have a country full of people who just pay and put up with this nonesense.Well no more.Mon, 08 Feb 2010 12:03:03 -0600What about this then from betfair. I asked for a cheque which had been sent from them to be stopped as it had been over a week and I still had not reached me although THEY SAID they had done it, and for the money to be put back into my account and Ihttps://community.betfair.com/chit_chat/go/thread/view/94038/23471158/transaction-fee?post_id=419201250#419201250What about this then from betfair. I asked for a cheque which had been sent from them to be stopped as it had been over a week and I still had not reached me although THEY SAID they had done it, and for the money to be put back into my account and IMon, 08 Feb 2010 11:56:38 -0600Well they wont scam it off me.I will stay at home and watch it on tv.Aintree's getting daft too.They want nearly £100 to get into a bar and have a few sausage rolls on National day.https://community.betfair.com/chit_chat/go/thread/view/94038/23471158/transaction-fee?post_id=419201210#419201210Well they wont scam it off me.I will stay at home and watch it on tv.Aintree's getting daft too.They want nearly £100 to get into a bar and have a few sausage rolls on National day.Mon, 08 Feb 2010 11:50:05 -0600I was absolutley amazing the first time I went to a race course and got charged to get in, it should be free !!! You are going to buy drinks and buy booze ..... more people would go if it was free entry. The bookies would make more money so they shouhttps://community.betfair.com/chit_chat/go/thread/view/94038/23471158/transaction-fee?post_id=419201198#419201198I was absolutley amazing the first time I went to a race course and got charged to get in, it should be free !!! You are going to buy drinks and buy booze ..... more people would go if it was free entry. The bookies would make more money so they shouMon, 08 Feb 2010 11:48:39 -0600Racecourses will scam money out of you in any way they can.https://community.betfair.com/chit_chat/go/thread/view/94038/23471158/transaction-fee?post_id=419201170#419201170Racecourses will scam money out of you in any way they can.Mon, 08 Feb 2010 11:46:04 -0600If you pay by card, they do take a fee. The supermarket absorbs this. Although the fee is about 1p.https://community.betfair.com/chit_chat/go/thread/view/94038/23471158/transaction-fee?post_id=419201162#419201162If you pay by card, they do take a fee. The supermarket absorbs this. Although the fee is about 1p.Mon, 08 Feb 2010 11:45:52 -0600