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Retailers charges on credit vs debit cards
Slinky
Posts: 11,214 Forumite
in Credit cards
My beloved and I are off shopping tomorrow to buy an engagement ring. Being a good money saving person, I suggested that he be prepared to haggle a bit, or at least try to get a discount for cash.
I know retailers have to pay x% if you pay on a credit card. Do they also have to pay x% if you pay with a debit card? IE is paying by debit card the same as paying by cash or not?
We'd rather not be trawling the streets with a sparkly-ring's worth of cash in our pockets.
I know retailers have to pay x% if you pay on a credit card. Do they also have to pay x% if you pay with a debit card? IE is paying by debit card the same as paying by cash or not?
We'd rather not be trawling the streets with a sparkly-ring's worth of cash in our pockets.
Make £2025 in 2025
Prolific £617.02, Octopoints £5.20, TCB £398.58, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £60, Shopmium £26.60, Everup £24.91 Zopa CB £30
Total (4/9/25) £1573.21/£2025 77%
Make £2024 in 2024
Prolific £907.37, Chase Int £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus ref £50, Octopoints £70.46, TCB £112.03, Shopmium £3, Iceland £4, Ipsos £20, Misc Sales £55.44
Prolific £617.02, Octopoints £5.20, TCB £398.58, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £60, Shopmium £26.60, Everup £24.91 Zopa CB £30
Total (4/9/25) £1573.21/£2025 77%
Make £2024 in 2024
Prolific £907.37, Chase Int £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus ref £50, Octopoints £70.46, TCB £112.03, Shopmium £3, Iceland £4, Ipsos £20, Misc Sales £55.44
Total £1410/£2024 70%
Make £2023 in 2023 Total: £2606.33/£2023 128.8%
0
Comments
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Firtsly don't go high street it's a rip-off, I got a ring from the Diamond Trade Centre in Manchester and saved at least 30% on high street prices and got a better diamond, got a wedding band from the Jewellery quarter in Birmingham and saved at least 40% on high street prices. But some smaller retailers do pay a charge to CC, I just haggle for cash and pay by CC, never had a problem, some people now prefer as they don't like a lot of cash on premises!
Might be worth the trip to Birmingham to save your pennies and be a true MSE'r. There has been a few threads about this lately. (I've posted on most!) do a search2p off is still 2p off!0 -
Banks charge merchants a percentage of the transaction (up to 4% or more) on credit cards, but it's a flat fee (50p-£1) on debit cards. You may be able to negotiate a bit more of a discount for paying on debit rather than credit, but you lose the protection that paying on CC gives you.0
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Where in Manchester is the Diamond trade centre?0
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ti1980 wrote:Where in Manchester is the Diamond trade centre?
Near the printworks/back of the Arndale Centre, barter with them, thye will shift a bit in their price, not much but a bit.2p off is still 2p off!0 -
fatboyonadiet wrote:Firtsly don't go high street it's a rip-off, I got a ring from the Diamond Trade Centre in Manchester and saved at least 30% on high street prices and got a better diamond, got a wedding band from the Jewellery quarter in Birmingham and saved at least 40% on high street prices. But some smaller retailers do pay a charge to CC, I just haggle for cash and pay by CC, never had a problem, some people now prefer as they don't like a lot of cash on premises!
Might be worth the trip to Birmingham to save your pennies and be a true MSE'r. There has been a few threads about this lately. (I've posted on most!) do a search
'Tis Birmingham we're off to as it happens. I'll do a search for the info. Thanks.Make £2025 in 2025
Prolific £617.02, Octopoints £5.20, TCB £398.58, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £60, Shopmium £26.60, Everup £24.91 Zopa CB £30
Total (4/9/25) £1573.21/£2025 77%
Make £2024 in 2024
Prolific £907.37, Chase Int £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus ref £50, Octopoints £70.46, TCB £112.03, Shopmium £3, Iceland £4, Ipsos £20, Misc Sales £55.44Total £1410/£2024 70%Make £2023 in 2023 Total: £2606.33/£2023 128.8%0 -
Think the shop we went to was Crystal Link or summat like that2p off is still 2p off!0
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Thanks guys, will have a cheeky look when I'm near there next time.0
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