small shops have to do this to reduce the bank charges
why above rm50 only can use credit card?
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 Oct 9 2013, 04:39 PM
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#1
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3,785 posts Joined: Dec 2005 From: Shah Alam  
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Oct 9 2013, 04:54 PM
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#2
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3,785 posts Joined: Dec 2005 From: Shah Alam
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QUOTE(Fusion @ Oct 9 2013, 04:43 PM) i think the bank charges are just excuses to set a base limit to use credit card because the charges are by percentage....if we use 10 bucks the charges are 2% and if we use 100 bucks and the charges are still 2% ...it makes no difference between RM10 or RM100 depends on what discount package the bank is offering to the merchant...  some banks only offer discounts/rebates/benefits/what not if both sales volume and amount is reached... so even if they have a transaction, in your e.g. 2% but the volume is not reached, there will be no benefits to the merchant and yet they still need to pay the bank transaction fees... so might as well just tell you don't use your credit card if less than RM50 |
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Oct 9 2013, 05:05 PM
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#3
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3,785 posts Joined: Dec 2005 From: Shah Alam
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QUOTE(Fusion @ Oct 9 2013, 05:00 PM) but by limiting the usage to only RM50 and above, they will have less CC transaction and it would be even harder to reach the volume needed because the sales volume is based on total CC transaction for the whole month....it still doesn't make sense on why they need to limit it to RM50 and above all the better cos they still prefer cash (not paying any fees at all to the bank) and they cannot remove credit card service in case some people buy in bulk... cos they know they definitely cannot reach the volume... |
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Oct 9 2013, 05:06 PM
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#4
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3,785 posts Joined: Dec 2005 From: Shah Alam
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QUOTE(gestapo @ Oct 9 2013, 05:04 PM) malaysian business. thanks to malaysian bank charges. cash back is addictive no point la using cc  |
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