When I go to the supermarket for the family shop, or fill up the car, or go for a meal out and spend money I can pay by cash – the good old fashioned way – or pay via card. The same amount. Yet if I pay by card up to 2% of the bill goes to the card company, be it Maestro, Visa, Delta or other. Surely if I pay in cold hard cash I should pay less. After all I am not using the debit/credit card service, so why should I pay the same amount. Doesn’t sound much does it? 2%. Why am I getting all bent out of shape about the supermarkets, garages, restaurant chains all taking a measly 2% for themselves?
The ONS estimates that each family pays £25,000 a year in running costs.
That means that up to five hundred pounds a year is being added to our bills for a service that is not necessarily being used. I would be very happy to be given the choice, £100 for my shopping using my card or £98 using cash. I know which one that I would prefer.