Payment Fees

[securespark]

Is this morally right?

15p per monthly payment by debit card.

https://www.postcodelottery.co.uk/p...Mmaxu_YmPAxPYeChotxFk9ls74oGDMkolURoCQ3Lw_wcB

 

[securespark]

Marion King, Mastercard's UK president, says: ‘If you use a debit card in this country you won’t pay for it.'

 

[JohnD]

Is this morally right?

No. Gambling is sinful, and is a method used to transfer money from the poor to the rich.

 

[securespark]

Wasn't thinking of gambling, that's another thread......

But charging for the debit card transaction?

 

[JohnD]

I believe that commercial organisations that charge for credit cards are required to have at least one no-charge means of payments available.

I think I heard that Ryanair tried to get round that by offering some weird account like "O'Leary's pre-paid leprechaun bank" which almost nobody had, and charging for everything else.

Honest companies usually have a fee for credit cards but not for debit cards.

Schemes aimed at the poor are less regulated that schemes aimed at the rich. For example most MPs have bank deposits, investments, mortgages and pension schemes, and they have long been regulated. They don't use Payday Loans, Christmas Clubs or high-street bookmakers, so regulation is very lax.