Quote:
Originally Posted by Ken W
Our village shop will only accept cards for greater than £5.0
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I don't know why shops impose minimum payments for card payments. Shops pay a %, usually based on turnover, so it doesn't matter if one customer spends £100 on their card or 100 spend £1 on their cards.
In days gone by it could be argued that it takes up too much time to process piddly little bits at the till, leading to queues, but these days with contactless it's probably quicker than a cash customer as they don't need to check the note under UV light, check & give out change etc.
All minimum payments do is irritate customers, which can lead to lost sales.
Perhaps there's evidence that supports the view that imposing a minimum charge increases average customer spend??