Harringay online

Harringay, Haringey - So Good they Spelt it Twice!

You may have noticed that you can buy pittas in bags that are clipped at the top by one of these from shops on Green Lanes:

I'm not sure where they're getting them from but they're banned in the EU as a choking hazard. Also possibly because they're American.

This makes me want to bet that the Green Lanes custom of charging you 50p for using your debit card will continue to be in force after the EU ban comes in this weekend. Anyone want to take me up on that?

Tags for Forum Posts: breadclip, debitcard, eu, greenlanes, kwiklok, shops, traders

Views: 1384

Reply to This

Replies to This Discussion

So there we go spiderman, I'm right to be a bit pissed with the shopkeepers for this practice. On a £5 transaction this would be 3.4p. Now I appreciate that you don't like percentages but surely you can see the difference between 3.4p and 50p? Can you also see that being charged 5p to deposit £5 would make you PREFER to be paid with a card?

I like the shops on Green Lanes a lot and try to make a point of using them. I also try to have hardly any cash on me so either incur the 50p cost or buy a bottle of wine too (bad!). Please don't draw me into having to defend my fondness for the businesses around here again, they're not perfect though.

Back to your article (and can we keep credit cards out of this, just debit cards), this comment showed the highest charges: "Being a small shop keeper I have been researching this because I am thinking of implementing a charge for debit and credit cards, almost 50% of my takings these days are on cards. there seems to be some inaccurate assumptions on this page. firstly my average sale is about £2.50, not £100. A debit card costs me 22p to process and a credit card costs 3%. most Small sales seem to be made on debit cards whereas larger sales seem to be made on credit. 25% of my sales are on tobacco products which typically has around a 4% margin which is pretty much wiped out but a card charge. we also sell national lottery which is a small margin and e-top-ups which has less than 2% profit so it costs us to sell them. In my shop we sell mostly groceries that are marked with a recommended price which again typically is around 15% but a few tins of beans is only a couple of ££s so 30p profit, paid by debit card reduces that to 8p. In my shop the card charges are greater than the profit earned."

It's still not 50p and I'm not sure why they don't go back to the bank and ask for the 0.68% deal that OleMiss is getting.

My point about the plastic ties was well and truly wrong. My Farage-like view of the EU as a protectionist trade racket was given another kicking.

I see that comment as an interesting view into their world but as I said, he should ask for the same deal as OleMiss. No conspiracy here, just a curious penalty for not using cash.

Green Lanes has lots of independent shops which is great, but it means other problems. We've lost the ATM at Santander and the two down at Barclays are in jeopardy too. That means we'll have Tesco, who take debit cards on anything, being the only provider of free to use ATMs in Harringay (oh wait... Sainsbury's!)

I am saying that the shops that charge, charge 50p. Sorry if that's not clear. I'll ignore the milk question, you're being flippant.

The cost for depositing cash is interesting no? If I wanted to buy something with my debit card that was £2 and they did what the Salisbury used to do and charge £10 but give £8 change then the transaction costs would be 6.8p for using the debit card but a saving of 8p for the shop owner if they had to deposit that cash.

Hi

0.68% is an all-in cost. For further context, the business turns over about £6000 per week. The article you refer to is several years old. Fintech and banking in general have changed quite dramatically in that time. As have people's spending habits. Just 7% of the transactions I receive are in cash. And 85% are below £15. (67% of my usage of percentages is to give context and fact-based evidence. The other 33% is simply to annoy).

Many businesses will have lower rates than I pay as they are often related to turnover. Not many will pay significantly more... the initial hurdles are quite high. I can not imagine anyone paying 600% of 0.68%. If they are, they won't be in business for long.

It was me who initiated the idea of tax evasion. It is a reality and a simple fact of life in business throughout the UK. I am quite sure that anyone who has run a bar, restaurant or other cash business will confirm this.

It's not an allegation, just an observation. I believe that the vibrant high street we live near pays more than enough tax to the local council and the hair dressers especially, employ a lot of people. I just wondered if that was why they prefer cash, i.e. it wasn't going to the bank but to perhaps pay rent or if you want to play conspiracy games - protection money.

Other than that, I'm not being understood and we're boring people so agree to leave it there if you like and let's see what happens on Saturday.

"I suspect that some of the traders account for inordinately large sums of cash flowing through their businesses. Here the funds will be declared and the taxation viewed as a sanitation expense." Surely only the Laundry businesses, OleMiss?

 

Getting my haircut one night on Green Lanes I saw the "owner" come in and help himself to some of contents of the cash register. I've always wondered if that was common.

RSS

Advertising

© 2024   Created by Hugh.   Powered by

Badges  |  Report an Issue  |  Terms of Service