tag:blogger.com,1999:blog-9152252445577674991.post9190138730532702134..comments2023-05-13T19:09:02.841+10:00Comments on kirribilli kim: quicko: EFTPOSKIMhttp://www.blogger.com/profile/12545570883965939034noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9152252445577674991.post-74353047484293657852012-08-08T12:52:05.565+10:002012-08-08T12:52:05.565+10:00Even in the US, you will occasionally find a place...Even in the US, you will occasionally find a place that has a minimum amount for a charge. Typically, it is a smaller type store and not one of the major ones.Momnoreply@blogger.comtag:blogger.com,1999:blog-9152252445577674991.post-68802206250763260592012-08-07T22:20:11.246+10:002012-08-07T22:20:11.246+10:00A lot of the smaller shops will have signs saying ...A lot of the smaller shops will have signs saying no EFTPOS for transactions of less than $10. Basically its because the merchant fees make it not worth their while - the profit margin on a sale of less than $10 is too low to cover the 50c minimum merchant fee charge.<br /><br />As for why you may not bother - many banks charge a fee for using 'too many' EFTPOS transactions (e.g. more than 4 in any one month) and, if that fee is $1 each time, then you're much better off going to the supermarket, buying some random thing you remember from your shopping list on fridge back home, and getting money out at the same time. We do this particularly when we're interstate and can't find an ATM that belongs to our bank; using the ATM of another bank may incur an inter-bank fee that's higher than the 'too many EFTPOS transactions' fees.Laetitia :-)https://www.blogger.com/profile/08239718954326223338noreply@blogger.com