Transaction fee

Its a transaction fee, hth

It's a way of taking even more money off you that you are willing to part with ... if people simply refused then they would drop it

If I go and get a loaf in the supermarket they don't charge a transaction fee.

If you pay by card, they do take a fee. The supermarket absorbs this. Although the fee is about 1p.

Racecourses will scam money out of you in any way they can.

I 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 should pay for it

Well 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.

What 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 I was going to put it through my debit card instead. No problem they said but they were going to charge me £10, at first I agreed but then thinking about it I thought what cheeky monkeys as I had processed the cheque the correct way and had done nothing wrong, so I phoned them and spoke to a duty manager who agreed with me and put the full amount in BUT today the guy I SPOKE TO on Friday took the £10 out and said because I originally agreed to it then HE CAN take the mony out and there was no way I was going to get it back.For your future ref HIS name is Angelo and the helpful manager's name Is Lee so GOODBYE BETFAIR as it is hard ENOUGH TRYING to win on here as it is.

If 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.

Gene Hackman,

VISA take 3% of the sum of transactions

so the £70 cost the racecourse £2.10 in taking your payment

I just booked a flight with my Banks Visa Debit card, they charged me £6, they do not accept Maestro cards.

the 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 amount I believe?)

Gene Hackman

Yes 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 bread

I can imagine Asda would be selling cigarettes at a loss, if you only went in there to buy a packet of fags alone with your card

I can't see in the near future that either company will start charging transaction fees on a packet of fags, as they could easily lose so many customers(the poorer ones) to the other rival