Rip-off credit card fees continue, despite Government ban

oldhenry, spot-on about the rip-off VED. I got robbed 460 quid this year. I bought the car before VED was ramped-up, and I drive about 7000 miles a year. The car was new and kept in good condition. My pollution must be minimal compared to commuters in smaller cars. It's totally unfair. I continually send emails to the treasury complaining, and sending links to articles that disprove this global warming nonsense. All, governments, including this one (what a disappointment) are just robbing bastards, and it's time we did something about it. I used to email my Liberal MP, but he's a waste of space and a raving lefty, so he won't care.

Companies such as Tesco, Morrisons, Asda and Sainsbury's all factor in the cost of credit and debit card transactions, and this is clearly stated in the terms and conditions of shopping at such places. It is ironic that it is actually more expensive for these four to handle cash than it is to handle card transactions, which is why they are so keen to offer cashback services, since they convert hard cash into electronic cash, which is cheaper to bank. When I ran my own business, I factored in card transaction costs when pricing each job. So, if the big four and me can do it, why don't others do it? Well, they do, but they have cottoned on to the simple fact that they can charge twice for this, or simply charge extra. Alternatively, some retailers are reducing their overall product cost to make them look more competitive against the competition, then adding these costs back on at the end of the transaction, returning it back to the true cost of dealing with these retailers. Some have simply decided that the British public are so gullible, that they can charge whatever they like, and that we, like the stupid idiots we are, will accept such charges. The most laughable by a country mile is the 'Transaction Fee' that 'We Buy Any Car' charge. Yes, they actually charge you a fee for making a transaction. In other words, they want to charge you for your business. Some other points worth bringing up that others have mentioned. Yes, we do have free banking, and have done since the early 80's, but they make their money in other ways, such as charging us every time we use a Visa or Mastercard, which most of us need to do to transact with retailers. Another point worth making is that while CashBack cards give us cash back, this is taken from the fee charged to retailers, so in effect, we are getting some of our fee back. One main reason for giving cashback cards away is that the issuer wants to encourage us to use their card, which still earns them some money every time we spend. It is simple marketing and profiting.

Don't forget that the UK is in its post-industrial stage where scamming is the growth industry that the governmnet relies upon to provide any economic growth. The governmnet itself charges you to pay by credit card to pay your , for me and my 05 plate car, extorniate VED. That is a scam in itself where I bought a car well below teh higher rates of VED and A Darling promptly amended the VED rates to clobber my car but allow all sorts of newer cars that manage to 'limbo' under the new CO2 ratings by uisng thin oil, hard tyres and tweaks that when the cars is used properly on the road will vanish but keep the low VEd. What a con. So get used to it as it will get worse and worse.