Get free cashback from shops after Brexit

London7766551

colsten said:

London7766551 said:

, (some EU directed rights are too strict but others are very good) 

Goodness me, how can a right people have be to too strict? And btw, the European Human Rights Act exists independent of the EU, as does the European Court of Human Rights.

No need to respond, I am out of this thread.

I am fully aware of that, it really depends which rights you are referring to. Some rights are enforced by EU law, some are much more liberal, ie a member state may interpret them in a certain way. Other rights are decided by the ECHR rulings, as existing cases within the UK can be if they were started before Brexit and other cases relating to EU laws can still be for 5 or 10 years I believe within the UK. With a deal other things may change. 

Here we go with the arrogance again, am I supposed to care if you respond or not? I could not care less. Please go about your business. The MSE world will still turn.

[Deleted User]

London7766551 said:

colsten said:

London7766551 said:

, (some EU directed rights are too strict but others are very good) 

Goodness me, how can a right people have be to too strict? And btw, the European Human Rights Act exists independent of the EU, as does the European Court of Human Rights.

No need to respond, I am out of this thread.

I am fully aware of that, it really depends which rights you are referring to. Some rights are enforced by EU law, some are much more liberal, ie a member state may interpret them in a certain way. Other rights are decided by the ECHR rulings, as existing cases within the UK can be if they were started before Brexit and other cases relating to EU laws can still be for 5 or 10 years I believe within the UK. With a deal other things may change. 

Here we go with the arrogance again, am I supposed to care if you respond or not? I could not care less. Please go about your business. The MSE world will still turn.

I don't think this is the place to get into EU Directives v Regulations or the ECHR.

Suffice to the say, the EU/EEA was not an actual barrier to this but a convenient scapegoat for those with a certain agenda. Looking forward to a FTA with the Faroe Islands to being blamed for all sorts by those same people and regurgitated by their readership.

nownewretiredin2011

I can just see it, someone goes into a shop and wants to pay cash for their shopping and doesn't have enough cash, say short by £12,  so they ask for £12 cashback and then pay cash for their shopping.

eskbanker

eskbanker said:

IvanOpinion said:

I am not seeing the incentive to shops to offer this service - so why would they?

This is recognised in the government paper linked above (at para 3.31), so the card schemes are addressing this:

In addition to having the correct mechanisms in place to manage risk and assign liability, the success of cashback without a purchase will also require the right commercial incentives to encourage merchants to offer this service. In 2020, card schemes, including VISA and Mastercard, announced incentives of 12 pence per transaction for retailers in order to encourage uptake of an alternative withdrawal service. 

Returning to this theme, the British Retail Consortium has published its annual payments survey today, at https://brc.org.uk/media/676112/brc-payment-survery-2020.pdf

Their tone reflects their role as representatives of the retail industry, so they're noisily campaigning about 'excessive card costs' and so on, but they're also unimpressed with Visa/Mastercard's offer to incentivise cashback provision so are pitching for regulatory intervention here too:

CASHBACK: Following pressure from retailers, both major card schemes have now announced initiatives to remunerate retailers that offer cashback services. The level and coverage of this remuneration is, however, highly inadequate. The government could further help safeguard consumers’ access to cash by guaranteeing through regulation a minimum payment to merchants for the provision of cashback services, and universal coverage of this scheme.

On the subject of relative costs, they publish average cost per transaction as:
Cash 1.42p
Debit card 5.88p
Credit card 18.4p
but their agenda leads them to selectively choose to highlight that the credit card transaction cost is up 15% from 2016 and debit card is up 6% over that same timeframe, rather than observing that these costs are down 46% and 38% respectively since the earlier 2014 figures presented in the same table!

Stuart_W

Taking a longer term view, acknowledging the continuing fall in demand for cash, no-purchase cashback from retailers will eventually make sense to replace cash machines in all but the busiest areas. Cash machines become less and less economic to run as they become less popular, leading to a charge being added or simply to their removal. If banks are willing to pay retailers per transaction rather than paying cash machine operators per transaction, the same volumes are not required. Shops will offer this if they believe it to be in their interest. Many banks already pay the Post Office per transaction for withdrawals and deposits - so why not other places too? Seems likely to happen in some shape or form at some point, as cash machines inevitably disappear. Legislation may force some "socially crucial" cash machines to remain - just like it did many years ago with phone boxes, but then time will come eventually when we realise no one is actually using them. 

London7766551

dahj said:

London7766551 said:

colsten said:

London7766551 said:

, (some EU directed rights are too strict but others are very good) 

Goodness me, how can a right people have be to too strict? And btw, the European Human Rights Act exists independent of the EU, as does the European Court of Human Rights.

No need to respond, I am out of this thread.

I am fully aware of that, it really depends which rights you are referring to. Some rights are enforced by EU law, some are much more liberal, ie a member state may interpret them in a certain way. Other rights are decided by the ECHR rulings, as existing cases within the UK can be if they were started before Brexit and other cases relating to EU laws can still be for 5 or 10 years I believe within the UK. With a deal other things may change. 

Here we go with the arrogance again, am I supposed to care if you respond or not? I could not care less. Please go about your business. The MSE world will still turn.

I don't think this is the place to get into EU Directives v Regulations or the ECHR.

Suffice to the say, the EU/EEA was not an actual barrier to this but a convenient scapegoat for those with a certain agenda. Looking forward to a FTA with the Faroe Islands to being blamed for all sorts by those same people and regurgitated by their readership.

If you are suggesting companies are not offering cash-back to push Brexit that is a bit ridiculous. 

Certainly true that companies and the government will not be able to blame EU rules any longer.

Certainly agree with the post above re cash back and cash machines.